Sheikh Mohammed shores up national industry with Dhs1 billion fund

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved a package of initiatives and decisions to support the national industrial sector. He has also adopted a policy to support the presence of national products in online outlets and platforms. 

“We have adopted a package of initiatives and decisions to support the national industrial sector including the establishment of a national fund worth Dhs1 billion with a view to supporting the localisation of vital industries, enhancing the resilience of supply chains and accelerating the adoption of AI technologies in production, operation, and planning,” Sheikh Mohammed said via the X platform. 

“We have also decided to expand the scope of the National Content Programme to be mandatory and incorporate all federal government entities and national companies and have adopted a policy to support the presence of national products in online outlets and platforms. Our goal is to fully localise more than 5,000 vital products,” he added.

“We were briefed on the preparations for the launch of the ‘Make it in the Emirates 2026,’ which will bring together thousands of investors, manufacturers and industry leaders from around the world in Abu Dhabi next month,” he said.

Sheikh Mohammed concluded that the UAE continues confidently to solidify its position as a global economic and industrial hub.”