The UAE Ministry of Industry and Advanced Technology (MoIAT), Emirates Development Bank (EDB), and ADNOC have signed a memorandum of understanding, making ADNOC the first partner to support the UAE Cabinet's newly announced AED1 billion National Industrial Resilience Fund (NIRF).
The UAE Ministry of Industry and Advanced Technology (MoIAT) has unlocked AED18 billion ($4.9 billion) in competitive financing for the industrial sector to help manufacturers scale their production.