ADNOC Becomes First Official Partner to Support UAE’s New AED1 Billion Industrial Resilience Fund
MoIAT, EDB, and ADNOC sign an agreement at Make it in the Emirates 2026 to expand local manufacturing and strengthen supply chains.
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The Ministry of Industry and Advanced Technology (MoIAT), Emirates Development Bank (EDB), and ADNOC have signed a trilateral memorandum of understanding at Make it in the Emirates 2026, with ADNOC becoming the first partner to support the UAE’s newly announced AED1 billion National Industrial Resilience Fund.
The fund, managed by EDB over five years, is a government-backed financing program aimed at strengthening the UAE’s manufacturing base and improving supply chain resilience.
“The National Industrial Resilience Fund integrates the efforts of MoIAT, EDB, and priority sector partners — starting with ADNOC — to strengthen the industrial financing ecosystem, support local manufacturing growth, and accelerate the replacement of industrial imports with high-quality local alternatives,” H.E. Hasan Jasem Al Nowais, Undersecretary of MoIAT, said.
Under the agreement, MoIAT will identify priority sectors and products, turn procurement opportunities into industrial projects and nominate projects for funding.
On the other hand, EDB will assess project risk and feasibility, provide fast-track financing and monitor performance, while ADNOC will align procurement with fund priorities, share demand data, and support long-term contracting with local suppliers.
The initiative will support six sectors, namely food industries, manufacturing, primary metals, mechanical, electrical and chemical industries, pharmaceuticals and medical supplies, and advanced technology and construction.
The Ministry of Industry and Advanced Technology (MoIAT), Emirates Development Bank (EDB), and ADNOC have signed a trilateral memorandum of understanding at Make it in the Emirates 2026, with ADNOC becoming the first partner to support the UAE’s newly announced AED1 billion National Industrial Resilience Fund.
The fund, managed by EDB over five years, is a government-backed financing program aimed at strengthening the UAE’s manufacturing base and improving supply chain resilience.
“The National Industrial Resilience Fund integrates the efforts of MoIAT, EDB, and priority sector partners — starting with ADNOC — to strengthen the industrial financing ecosystem, support local manufacturing growth, and accelerate the replacement of industrial imports with high-quality local alternatives,” H.E. Hasan Jasem Al Nowais, Undersecretary of MoIAT, said.
Under the agreement, MoIAT will identify priority sectors and products, turn procurement opportunities into industrial projects and nominate projects for funding.
On the other hand, EDB will assess project risk and feasibility, provide fast-track financing and monitor performance, while ADNOC will align procurement with fund priorities, share demand data, and support long-term contracting with local suppliers.
The initiative will support six sectors, namely food industries, manufacturing, primary metals, mechanical, electrical and chemical industries, pharmaceuticals and medical supplies, and advanced technology and construction.
