The UAE Ministry of Industry and Advanced Technology has introduced the National Industrial Resilience Fund, a new initiative with a total value of 1 billion Dirhams. This fund is designed to support the growth of the national industrial sector and ensure the continuity of local supply chains. ADNOC has become the first strategic partner to support the fund, signing a trilateral agreement at the Make it in the Emirates forum. The initiative aims to provide manufacturers in the UAE with the capital and support needed to adopt advanced technologies and increase their production capacity. By focusing on In-Country Value, the fund helps redirect spending into the national economy, creating new growth opportunities for local businesses. The National Industrial Resilience Fund serves as a cornerstone of the broader Strategy 300 Billion, which seeks to triple the industrial sector’s contribution to the UAE’s GDP. The fund will prioritize projects that enhance the resilience of the economy, particularly in sectors that are critical to national security and stability. This includes manufacturing, technology, and essential goods production. The collaboration between the public and private sectors is a key element of this strategy, as it allows for the transformation of industrial demand into tangible projects. This approach not only strengthens the local supply chain but also enhances the global competitiveness of UAE-made products. By investing in human capital and advanced infrastructure, the ministry is building a sustainable industrial ecosystem that can withstand global economic shifts. This fund represents a long-term commitment to industrial excellence and economic diversification, ensuring that the UAE remains a leading destination for industrial investment and innovation.
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