CORRECTED-UAE to establish one billion dirhams national fund for industrial resilience, prime minister says

ReutersApr 26, 2026 10:15 AM

DUBAI, April 26 (Reuters) - 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 Sunday.

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.

($1 = 3.6724 UAE dirham)

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