UAE - Mubasher: Emirates Development Bank (EDB) has recorded AED 1 billion in monthly financing approvals, driven by its efforts to support the UAE’s economic diversification and industrial growth.
The approvals will contribute to strengthening the UAE’s economic resilience by financing large-scale industrial projects, according to a press release.
Ahmed Mohamed Al Naqbi, CEO of EDB, said: “We are deliberately financing the national champions and critical infrastructure projects that will define the UAE's future economy. This is about healthy, sustainable portfolio growth driven by rigorous credit risk analytics.”
“Our mandate is clear— to build an industrial base so strong and so deeply integrated that it remains entirely unaffected by external global pressures," Al Naqbi continued.
The financing pipeline is focused on five priority sectors, including manufacturing, food security, renewable energy, healthcare, and advanced technology.
Among recent investments are projects involving Esyasoft Holding and the EWEC Al Nouf Power, which aim to boost clean energy development and technological capability in the UAE.
To accelerate funding, the bank has introduced policy changes, including eased liquidity rules, reduced loan approval requirements, and updates to capital and funding frameworks. These measures will improve access to financing and help businesses respond faster to market demands.
