UAE allocates $2.6bn for industrial, technology projects, says official

RIYADH: The UAE seeks to raise the national added value from AED33 billion ($8.9 billion) to AED55 billion by 2025, Omar Al-Suwaidi, the undersecretary at the Ministry of Industry and Advanced Technology, told CNBC Arabia.

As many as AED5 billion will be allocated to Emirati projects in the industry and AED5 billion to technology projects, he said.