UAE to set up one billion dirhams national fund for industrial resilience

DUBAI - The United Arab Emirates will establish a national fund valued at one billion dirhams ($272.30 million) to build industrial resilience, prime minister Sheikh Mohammed bin Rashid Al Maktoum said in a post on X on Friday.

The fund will support the localisation of vital industries, enhance supply chain resilience, and accelerate the adoption of artificial intelligence technologies in production, operations, and planning, the prime minister said.