In a move to fortify the national economy, the UAE Cabinet has approved the creation of the AED 1 billion ($272 million) National Industrial Resilience Fund. The initiative aims to localize the production of over 5,000 critical products, particularly in the medical and food sectors. By reducing reliance on imports and hard-wiring supply-chain continuity, the fund is designed to protect the UAE from global market fluctuations. Additionally, the Cabinet has made the National In-Country Value (ICV) program mandatory for all federal entities, ensuring procurement priority for UAE-made goods. Source: UAE Government / WAM