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Abu Dhabi, May 13 / The Emirates Development Bank, during its participation in the Annual Investment Forum 2023 held at the Abu Dhabi National Exhibition Center, presented its financial solutions to support companies and its contribution to the “Make in the UAE” campaign.
One of the most prominent events in which the Emirates Development Bank participated during the two-day event was the participation of the CEO of the bank, Ahmed Mohammed Al Naqbi, in a discussion session on the industrial sector in the country. In addition to the bank’s review of its flexible and customized financing solutions within its own pavilion at the Abu Dhabi National Exhibition Center and communicated with experts, investors and various large, medium and small companies.
Ahmed Mohamed Al Naqbi, CEO of the bank, said: “Hosting the twelfth annual investment forum confirms the role of the UAE and its active contribution to global efforts to upgrade the business sector and promote economic development and competitiveness. The forum formed a strategic platform for exchanging knowledge and experiences, and exploring the best ways to enhance value and benefit for investors. It also provided an ideal platform to review the financial and non-financial solutions offered by the Emirates Development Bank to support large, medium and small companies, and highlight our contribution to the “Make in the UAE” campaign and the “Make in the UAE” strategy. 300 billion project” to further enhance the industrial capabilities of the UAE.
During the forum, Al-Naqbi participated in a panel discussion entitled “Make in the UAE: Emerging Opportunities and Industrial Growth,” along with a number of prominent speakers, including His Excellency Eng. Osama Amir Fadl, Assistant Undersecretary for the Industrial Accelerators Sector at the Ministry of Industry and Advanced Technology; Eng. Arafat Al Yafei, Executive Director of the Industrial Development Office of the Abu Dhabi Department of Economic Development, and Rami Jallad, CEO of RAKEZ Group; and Ayman Ismail, Vice President of Business Development, Governmental Affairs and Strategy at Schneider Electric.
During the session, the participants highlighted the strengths of the UAE in facing global challenges and consolidating its position as a preferred investment destination. Al-Naqbi addressed the UAE’s efforts to advance the national industry and enhance its industrial capabilities, establishing its position as a regional center for industry.
In April 2021, the Emirates Development Bank launched its five-year strategy, which focused on five priority sectors in line with the country’s national development goals; These are industry, advanced technology, renewable energy, health care, and food security. The bank provides financial and non-financial solutions to support companies operating in these sectors, and aims to provide financial financing of 30 billion dirhams to support 13,500 companies by 2026.
The bank offers flexible financing solutions to industrial companies and projects with a significant developmental impact. These solutions include financing capital expenditures, advanced technology, renewable energy and energy efficiency projects, digitization, and project financing. These products fill the financing gap in the market, and enable companies to expand their operations, develop new capabilities and create job opportunities.
