H.H. Sheikh Mohammed unveils AED 1 billion fund for 'industrial resilience'

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Sunday announced the establishment of AED1 billion National Industrial Resilience Fund to boost localisation within key industries.

In a post on social media platform X, Sheikh Mohammed said the national fund will also bolster supply chain resilience, and accelerate the adoption of artificial intelligence in manufacturing, operations, and planning.

It's part of a comprehensive package of initiatives and measures to strengthen the industrial sector nationally, His Highness explained.

Mohammed bin Rashid: We have approved a comprehensive package of initiatives and measures to strengthen the industrial sector nationally, including the establishment of an AED1 billion National Industrial Resilience Fund to boost localisation within key industries, bolster supply…

— Dubai Media Office (@DXBMediaOffice) April 26, 2026

Sheikh Mohammed also approved "the expansion of the National In-Country Value Programme, mandating it across federal government entities and national companies, alongside a policy to ensure Emirati products are prioritised by retail outlets and digital platforms.

"Our objective is clear: to achieve full localisation of more than 5,000 essential products," he added.

The first phase will focus on essential products with scalable local production, including bottled water, dairy products, eggs, fresh and chilled poultry, bread, flour, locally packaged vegetable oils, and seasonal vegetables. Implementation will be coordinated with relevant entities, private sector partners, retailers, and digital platforms, with dedicated space allocated to Made-in-UAE products in line with defined standards.

Sheikh Mohammed also reviewed the work behind the 'Made in the Emirates 2026' platform that will bring together thousands of investors, manufacturers, and industry leaders from around the world next month in Abu Dhabi.

"The UAE continues to consolidate its position as a global hub for industry and economic growth with renewed confidence and determination."