UAE launches Dh1 billion fund to boost export-ready manufacturers

Abu Dhabi: UAE-based manufacturers looking to export their products overseas could soon benefit from a Dh1 billion financing boost, thanks to a new partnership between the Abu Dhabi Exports Office (ADEX) and Emirates Development Bank (EDB).

The funding agreement, signed on the sidelines of the “Make it in the Emirates” forum, aims to help local businesses scale up production, enter new markets, and contribute to the UAE’s non-oil economic growth. The strategic move aligns with the country’s National Strategy for Industry and Advanced Technology, which focuses on expanding the role of industry in the economy and promoting high-tech manufacturing.

The Dh1 billion will be made available over the coming years to eligible private-sector manufacturers operating in the UAE, with priority given to companies that are already exporting or have a clear export potential. The goal is to support capital expenditure and help businesses compete globally.

Ahmed Mohamed Al Naqbi, CEO of EDB, said the deal gives exporters “the scale, certainty, and strategic backing they need to grow beyond borders.” Since 2021, EDB has already provided more than Dh18.7 billion in funding, supporting over 32,000 industrial jobs and driving Dh64 billion in capital investment.

Khalil Al Mansoori, Executive Director of ADEX, said the partnership would position the UAE as “a trusted and competitive global trade partner” by helping companies access the financing they need to expand.

By joining forces, ADEX and EDB aim to deliver tailored financial tools to meet the specific needs of UAE-based exporters, ultimately strengthening the country’s long-term industrial and export competitiveness.