Dubai, UAE – Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the adoption of a new package of strategic initiatives and decisions to support the national industrial sector. This step aims to enhance the resilience of the economy and accelerate the localization of vital industries within the country.
He explained that the package includes the establishment of a national industrial resilience fund worth AED 1 billion. The fund aims to support priority industrial sectors and enable them to meet global challenges. It also seeks to enhance production and competitiveness, thereby contributing to consolidating the UAE’s position as a leading regional industrial hub.
He also noted the approval of expanding the scope of the “National Content Program” to become mandatory for all federal government entities, in addition to national companies. This step aims to increase reliance on local products and services and to enhance the industrial sector’s contribution to the gross domestic product.
The decisions also included adopting a comprehensive policy to support the presence of national products in retail outlets and online platforms. This enhances their marketing opportunities both locally and internationally and supports the growth of small and medium-sized national enterprises.
These steps are part of a broader strategy adopted by the UAE to promote self-sufficiency. The strategy also aims to diversify the economy away from traditional sectors, focusing on innovation and technology as key pillars of sustainable growth.
