Big masterplan of UAE government, now external shocks will not affect, fund of 1 billion dirham and new rules implemented

The UAE government is now not just talking about overcoming past economic crises, but is also making huge preparations to avoid future threats. The country has made a new National Strategy Plan so that the impact of any major economic shock in the world is minimal. For this, strict steps like ‘Make it in the Emirates’ summit and strengthening the supply chain have been taken.

ℹ: Kuwait Security: Infiltration attempt from the sea border failed, security forces arrested 4 people, Defense Ministry informed.

UAE government’s 1 billion dirham fund, which sectors will benefit?

The UAE Cabinet has approved a new package under which National Industrial Resilience Fund of 1 billion dirhams Has been created. This money will be used to support those special industries which are important for the country. This mainly includes sectors like primary metals, mechanical, electrical, chemicals, pharmaceuticals, advanced technology, construction and medical supplies. Earlier also on April 21, 2026, the government had made financial assistance of 1 billion dirhams and liquidity arrangements through the Central Bank to keep the market stable.

Why was UAE out of OPEC and what is the new economic plan?

Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology, said on May 4, 2026 that the UAE’s decision to withdraw from OPEC was not a sudden step. This is part of a larger plan to completely transform the country’s economy (Economic Reset). The government now wants to modernize its industry, with emphasis on Artificial Intelligence (AI), domestic investment and supply chain security. At present, the contribution of the country’s industrial sector has reached 200 billion dirhams and industrial exports have reached 262 billion dirhams.

5000 products will now be made in UAE only, changes in ICV program

Ministry of Industry and Advanced Technology now In-Country Value (ICV) Bringing a new version of the program. Now this program will be mandatory for all those federal government institutions and companies which have at least 25% federal ownership. Its purpose is to divert government spending towards local manufacturers and suppliers of UAE. The government has set a target that about 5,000 products will now be manufactured within the UAE. Also, Foreign Trade Minister Dr. Thani Al Zeyoudi said that more than 150 essential items will be protected under this national strategy.

The main information related to this entire scheme can be seen in the table given below:

Frequently Asked Questions (FAQs)

When and where was the ‘Make it in the Emirates’ summit held?

This summit was held in Abu Dhabi from 4 May to 7 May 2026. 1,245 exhibitors participated and around 1,20,000 visitors were expected.

What changes have been made in the ICV program

Now this program has become mandatory for those federal institutions and companies which have 25% or more federal ownership, so that 5,000 products can be produced locally.