Emirates Development Bank Aims to Provide AED30 billion in Financing by 2026

Emirates Development Bank Aims to Provide AED30 billion in Financing by 2026 

EDB will target 13,500 companies in five priority sectors.

Emirates Development Bank (EDB) aims to provide financing worth AED30 billion by 2026, supporting approximately 13,500 companies operating in five priority sectors: renewable energy, industry, advanced technology, healthcare, and food security, according to Shaker Zainal, Business Finance Director at EDB.

On the sidelines of the ‘Make it in the Emirates Forum,' today, Zainal pointed out that the bank allocated AED5 billion in financing for industrial projects in 2024 as part of its commitment to empowering the capabilities of advanced industries and enhancing local value addition.

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