In a significant boost to industrial development and global competitiveness, the UAE has introduced a Dh1 billion fund to support export-ready local manufacturers. The strategic collaboration, a joint venture between the Abu Dhabi Exports Office (ADEX) and the Emirates Development Bank (EDB), will provide financial solutions to enable UAE-based companies to grow globally.
This financial support comprises flexible loans, guarantees, and trade finance, aimed at small and medium-sized businesses (SMEs) and established makers looking to expand their international presence. The initiative is consistent with the UAE’s national vision to diversify the economy and minimize oil dependence through the encouragement of non-oil exports.
Officials add that the fund will improve manufacturers’ capabilities through easier access to foreign markets, supply chain resilience, and innovation in manufacturing. It is also expected to drive foreign direct investment and raise the UAE’s profile in global manufacturing value chains.
With the production industry already demonstrating positive momentum, the new ADEX–EDB partnership is a catalyst for sustainable industrial growth. Entrepreneurs and business leaders have greeted the fund as a value-creator to expand beyond borders and cement the UAE’s position as an international export leader.
