Mohammed Bin Rashid Innovation Fund Announces AED7.2 Million Guarantee to Fragrance Delivery Technologies to Scale Advanced Manufacturing in the UAE

DUBAI, UAE – April 2, 2026: The Mohammed Bin Rashid Innovation Fund (MBRIF), an initiative launched by the UAE Ministry of Finance to support the innovation and entrepreneurship ecosystem in the UAE, today announced the provision of an AED7.2 million credit guarantee to Fragrance Delivery Technologies (FDT), a company specializing in technological innovation. This guarantee will enable the Dubai-based company to upgrade its Jebel Ali Free Zone (JAFZA) facility with state-of-the-art automation, accelerating its alignment with Industry 4.0 standards, thereby supporting the advanced manufacturing sector in the UAE.