First published: 08-May-2026 09:21:44

• ADNOC is the first to join in supporting the National Industrial Resilience Fund and empowering priority sectors.
• Competitive financing solutions for vital industrial sectors that enhance their competitiveness and contribute to supporting economic growth.
• Hassan Jassim Al Nowais: Transforming industrial policies into financing programs and opportunities through the National Industrial Resilience Fund under the umbrella of "Made in the UAE"
• Ahmed Mohammed Al Naqbi: We continue to strengthen our role as a national enabler by expanding accessible financing solutions for companies in vital sectors.
• Omar Abdullah Al Nuaimi: At ADNOC, we focus on leveraging our procurement plans to create new opportunities that enable them to manufacture priority products.

Abu Dhabi : In line with efforts to enable high-potential local companies to expand and become champions in the industrial, technological and service sectors, and during the "Made in the UAE" platform events, the Ministry of Industry and Advanced Technology, Emirates Development Bank and ADNOC signed a tripartite memorandum of understanding.

Under the memorandum, ADNOC joined as the first supporting partner of the National Industrial Resilience Fund, which was recently announced by the Cabinet. Each entity will undertake several tasks to enhance the impact of the initiative, in a strategic step aimed at supporting the growth and competitiveness of the national industrial sector, enhancing the resilience of supply chains, and accelerating the localization of priority industries in the UAE.

Accelerating industrial growth

On this occasion, His Excellency Hassan Jassim Al Nowais, Undersecretary of the Ministry of Industry and Advanced Technology, said: “Thanks to the vision and guidance of the wise leadership, the UAE is working to accelerate sustainable industrial growth, and continues its commitment to supporting the resilience of the industrial sector through quality initiatives to enhance competitiveness, and encourage the use of advanced technology and artificial intelligence to develop the sector and increase its contribution to the national economy.”

Al Nuwais added: “The launch of the National Industrial Resilience Fund represents a strategic step through which the efforts of the Ministry of Industry and Advanced Technology are integrated with the Emirates Development Bank and various partners in priority sectors, starting with ADNOC, with the aim of strengthening the industrial financing system in the country, and providing competitive financing solutions that support the growth of local manufacturing, and enhance the resilience of supply chains, especially in vital sectors.”

Al Nuwais said: “The new fund will contribute to accelerating opportunities to replace industrial imports with high-quality local alternatives, which will support the competitiveness of national industries and enhance their ability to grow and sustainably, and consolidate the UAE’s position as a global competitive center for advanced manufacturing and industrial investment.”

Highly flexible financing solutions

For his part , His Excellency Ahmed Mohammed Al Naqbi, CEO of Emirates Development Bank, said: “Through the National Industrial Resilience Fund, we continue to strengthen our role as a national enabler by expanding the range of accessible financing solutions for companies operating in vital sectors that form a cornerstone of the national economy’s resilience.” He added: “Our partnership with the Ministry of Industry and Advanced Technology allows us to provide targeted liquidity support to manufacturers and supply chain components, enabling them to improve working capital management, enhance supply chain resilience, and achieve sustainable long-term growth.”

Al Naqbi said: “The program is implemented with the support of the Ministry of Industry and Advanced Technology and ADNOC, and with funding from the Emirates Development Bank, which enables the provision of highly flexible and easily accessible financing solutions. The program also provides financing solutions specifically designed for industrial investments, focusing on existing projects (Brownfield) to meet the various needs of expansion and development of the industrial sector and localization of industrial products.

Creating new opportunities

For his part, Omar Abdullah Al Nuaimi, Acting Head of Commercial Affairs and In-Country Value at ADNOC, said: “This partnership is an important step towards contributing to the enhancement of sustainable industrial growth in the UAE by linking long-term procurement orders with financing solutions tailored to local manufacturers. At ADNOC, we focus on leveraging our procurement plans to create new opportunities that enable them to manufacture priority products within the ‘Make in the UAE’ initiative and support national supply chains. We reaffirm our firm commitment to continuing to expand local manufacturing through the ADNOC National Content Enhancement Program, which has achieved significant success since its launch in 2018 and has contributed to enhancing the resilience of the industrial sector and creating sustainable economic value for the country.”

The National Industrial Resilience Fund is expected to have a tangible economic, social, and environmental impact, enhancing the competitiveness of the national industrial sector and improving the future readiness of the national economy. The Fund serves as a strategic financing tool to transform import substitution opportunities into added value within the country, promote industrial self-sufficiency, and solidify the UAE's position as a regional hub for advanced industry and sustainable growth.

Identifying priority sectors and products

Under the memorandum of understanding, the ministry will identify priority industrial sectors and products within the program, in line with national strategies, and translate purchasing opportunities into viable industrial projects, in coordination with relevant parties, nominate industrial projects eligible to benefit from financing within the program, and coordinate efforts among relevant parties to ensure the integration of roles and accelerate procedures.

Industrial Project Evaluation

The Emirates Development Bank will evaluate industrial projects submitted under the program according to risk and feasibility criteria, provide accessible financing solutions including industrial expansions and working capital, expedite evaluation and financing approval procedures within the agreed-upon fast track, support the establishment of a project pipeline by financing priority projects, and participate in performance monitoring and reporting related to financing and implementation.

ADNOC, the supporting partner

ADNOC will be the supporting partner, working to align procurement chains with priority sectors and products within the program, providing available data on current and future industrial demand, identifying confirmed purchasing opportunities and linking them to targeted industrial projects, and supporting the localization of industries by including national suppliers within supply chains.

ADNOC will also expedite supplier qualification and contracting processes through a fast track, implement local content requirements (ICV) across supply chains, and support demand stability through long-term contracts and procurement. This will be achieved while maintaining competitive and technical standards and engaging in shared governance to address challenges and accelerate project execution.

The Cabinet recently announced the establishment of a national fund worth one billion dirhams for industrial resilience, which supports the localization of vital industries, enhances the resilience of supply chains, and accelerates the adoption of artificial intelligence technologies in production, operation, and planning, with a total value of one billion dirhams.

The fund offers

The fund aims to support the development of industrial value chains in a number of strategic areas, by allocating its resources to support various vital sectors, including food industries, manufacturing industries, primary metal industries, mechanical, electrical and chemical industries, in addition to pharmaceutical industries, active pharmaceutical ingredients, medical supplies, advanced technology, and the construction sector.

One billion dirhams has been allocated to the fund for a period of five years, which will be managed by the bank based on its existing operational capabilities and financing expertise, ensuring speed of implementation and operational efficiency, without the need to create a new institutional entity.

ADNOC Group is the first local entity to join the fund after its launch, with the aim of enhancing the resilience and sustainability of national supply chains through it, by aligning procurement chains with priority industrial sectors and products, and providing accurate data on current and future industrial demand, which gives national companies a clear vision that enables them to build their production capacities with confidence and sustainability, in addition to including national suppliers in their supply chains and accelerating their qualification, applying the requirements of the National Content Program in all procurement operations, and concluding long-term contracts that provide real stability to demand and protect supply chains from the fluctuations of the global market.

For more information about the agenda for the fifth edition of "Made in the UAE," please visit: https://www.miite.ae/en/agenda

About the Ministry of Industry and Advanced Technology :

The Ministry of Industry and Advanced Technology in the United Arab Emirates is responsible for formulating industrial policies, promoting technological transformation, supporting the competitiveness of the national industrial sector, and developing the quality infrastructure system, in order to contribute to building a sustainable industrial economy, as industry represents the backbone of the economy and national security, and contributes to achieving stability and continuity, and enhancing national resilience, readiness and proactivity in various circumstances.

The ministry was established in July 2020 with the aim of empowering the national industrial sector and accelerating the industrial transformation in the country, as it works to promote strategic partnerships and launch national initiatives that support the growth of future industries and the resilience of the national economy, and attract industrial investments.

The ministry is working to achieve the objectives of the National Strategy for Industry and Advanced Technology, the sustainability of supply chains, support for technological transformation, access to global markets, and the application of Fourth Industrial Revolution technologies in priority sectors, including food, pharmaceuticals, medical technology, defense, space, aviation, and the digital economy.

The ministry also works to enhance national content, support entrepreneurship and empower Emirati talent, which contributes to supporting the competitiveness of products manufactured in the UAE in local and international markets.

Through initiatives such as “Make in the UAE”, the National Content Program and the Industrial Technology Transformation Program, the Ministry connects manufacturers, investors, startups and entrepreneurs with procurement opportunities, financing enablers and partnerships, thereby enhancing business growth, contributing to self-sufficiency and creating a tangible economic and social impact.

For more information, please visit: www.moiat.gov.ae. For media inquiries, please contact: MEDIA@moiat.gov.ae

About ADNOC

The Abu Dhabi National Oil Company (ADNOC) PJSC, wholly owned by the Emirate of Abu Dhabi, is one of the world’s leading diversified energy and petrochemical groups. The company aims to maximize the value of Abu Dhabi’s substantial hydrocarbon resources and reserves through responsible and sustainable exploration and production operations, supporting the economic growth and diversification of the United Arab Emirates. To learn more, please visit www.adnoc.ae

For media inquiries, please contact: media@adnoc.ae

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