EDB Chairman's Message on Driving Economic Progress


His Excellency Dr. Sultan Al Jaber,
Cabinet Member and Minister of Industry and Advanced Technology, Chairman of Emirates Development Bank.

Two years ago–EDB launched its ambitious strategy to accelerate the UAE’s industrial
development, support SMEs, and foster innovation and entrepreneurship. Over the years, the
UAE has achieved significant growth and progress across various sectors that are now actively
contributing to the nation’s GDP growth. Through Emirates Development Bank and its new
strategy, we aim to ensure that the industrial sector keeps pace with that growth and achieves the aspirations of the UAE leadership. Emirates Development Bank plays a critical role in realizing these aspirations by providing the necessary financial and non-financial support to SMEs and large corporations in key industrial sectors.

By 2026, the target is for EDB to provide AED30bn in support to 13,500 companies, which in turn will generate AED10 billion to national GDP. EDB’s flexible financing programs to support companies of all sizes have played a critical role in catalyzing the sustainable growth and diversification of the UAE’s economy and helped accelerate advanced technology adoption across industries.”

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