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The United Arab Emirates has approved a one billion dirhams ($272 million) fund to strengthen its industrial sector and boost resilience, Vice President and Prime Minister of the UAE and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, said in a post on X on Sunday.
The fund will support the localization of vital industries, enhance supply chain resilience, and accelerate the adoption of artificial intelligence across production, operations, and planning, the prime minister said.
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