Emirates Development Bank (EDB) has surpassed Dh30 billion in cumulative financing approvals since 2021, marking a significant milestone in its efforts to strengthen the UAE’s industrial capabilities, support economic diversification and enhance national resilience.
The milestone reflects EDB’s continued focus on financing businesses across five priority sectors: manufacturing, advanced technology, food security, healthcare and renewable energy. Beyond providing finance, the bank is helping businesses expand local production, adopt advanced technologies and strengthen the UAE’s supply chains.
Speaking to Gulf News in an exclusive interview, Ahmed Mohamed Al Naqbi, Chief Executive Officer of Emirates Development Bank, highlighted the importance of measuring success beyond financing volumes.
“Our focus is on financing projects that strengthen productive capacities, enrich local value chains and deepen their specialisations, while helping existing UAE-based companies compete in both domestic and international markets.”
He emphasised that EDB would continue to direct financing towards sectors that contribute to the UAE’s long-term economic resilience and competitiveness.
Below is the full interview:
Beyond the financing target
1. EDB has approved more than AED 30 billion in financing since 2021. How do you measure whether this capital is creating a more competitive industrial economy, rather than simply increasing lending volumes?
Since 2021, EDB has approved more than Dh30 billion in financing, supporting over 50,000 industrial jobs, contributing more than Dh14 billion to the…
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