UAE establishes $272 mln industrial resilience fund

The United Arab Emirates has approved a one billion dirhams ($272 million) fund to strengthen its industrial sector and boost resilience, Vice President and Prime Minister of the UAE and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, said in a post on X on Sunday.

The fund will support the localization of vital industries, enhance supply chain resilience, and accelerate the adoption of artificial intelligence across production, operations, and planning, the prime minister said.

He added that authorities have also decided to expand the scope of the “National Content Program,” making it mandatory across all federal government entities and national companies. The UAE aims to fully localize more than 5,000 vital products as part of its broader industrial strategy, according to the post.

The prime minister also said preparations are underway for the launch of the Made in the Emirates 2026 platform, which is set to take place next month in Abu Dhabi. The event is expected to bring together thousands of investors, manufacturers, and industry leaders from around the world.