The UAE's industrial sector has seen a significant increase in financing, driven by strong support from public and private institutions, UAE media say.

Ruwad announced that in order to strengthen the entrepreneurship environment in Sharjah, it has started a financing program for the industrial sector with a financing cap of up to 800,000 dirhams.

The industry and advanced technologies sector in the United Arab Emirates has increased its share in the country's GDP. According to statistics, the revenue of the industry sector of the UAE has reached 205 billion dirhams by the end of 2023, and this figure constitutes 11% of the country's total gross domestic product.