The United Arab Emirates (UAE) is set to offer industrial companies more than Dh40 billion, equivalent to approximately $10.89 billion, in financing over the next five years. This initiative aims to stimulate growth within the industrial sector and encourage expansion among various firms.

In addition to the financing, the UAE government is launching a Dh1 billion platform dedicated to fostering the growth of small and medium enterprises (SMEs). This new platform is part of a broader strategy to enhance the industrial landscape in the region and support businesses at different stages of development.

Officials emphasized that the financing will be crucial for driving innovation and improving productivity among industrial firms. The initiative reflects the UAE’s commitment to diversifying its economy and promoting sustainable development in key sectors.