Prime Highlights
- UAE launched the AED1 billion National Industrial Resilience Fund with ADNOC as its first partner.
- The fund will support local factories, supply chains and industrial expansion over five years.
Key Facts
- Emirates Development Bank will manage the fund and provide project financing.
- The programme covers six sectors including food, metals, chemicals, pharma and advanced technology.
Background
The UAE Ministry of Industry and Advanced Technology, Emirates Development Bank and ADNOC have signed a memorandum of understanding to launch support for the AED1 billion National Industrial Resilience Fund. ADNOC became the first strategic partner under the new programme announced by the UAE Cabinet.
The fund will be managed by Emirates Development Bank for five years. It aims to strengthen supply chains, speed up localisation in priority industries and connect confirmed procurement demand with financing for local manufacturers. The programme will mainly support brownfield investments, helping existing factories expand production capacity and increase output.
The agreement was signed during Make it in the Emirates 2026 in Abu Dhabi. Officials said the initiative would improve industrial financing, support domestic manufacturing growth and reduce reliance on imported industrial products by promoting quality local alternatives.
Under the partnership, the Ministry of Industry and Advanced Technology will identify priority sectors and products, convert procurement needs into industrial projects and nominate eligible businesses for funding support.
Emirates Development Bank will assess projects based on feasibility and risk, offer financing through a fast-track approval system and monitor progress after funding is issued.
ADNOC will align its procurement needs with the fund’s focus sectors, share demand forecasts, support supplier localisation and help create stable long-term demand through contracts. The company will also take part in joint governance to speed up execution.
The National Industrial Resilience Fund will support value chains across six strategic sectors. These include food industries, manufacturing, primary metals, mechanical and electrical industries, chemicals, pharmaceuticals and medical supplies, advanced technology and construction.
The new initiative reflects the UAE’s broader strategy to build stronger industrial capacity, improve self-reliance and create sustainable economic growth through local production.
