Emirates Development Bank (EDB) intends to offer financing amounting to AED 30B by the year 2026.
This financing is aimed at supporting around 13,500 companies across five key sectors: renewable energy, industry, advanced technology, healthcare, and food security, according to Shaker Zainal, the Business Finance Director at EDB.
Speaking at the ‘Make it in the Emirates Forum’ today, he noted that the bank has earmarked AED 5B for industrial project financing in 2024 as part of its dedication to strengthening advanced industries’ capabilities and boosting local value addition.