Emirates Development Bank Forum Highlights Strategic Vision for Abu Dhabi’s Economic Growth and Diversification

• The EDB Connect forum was held in partnership with ‘Make it in the Emirates’ initiative led by Ministry of Industry and Advanced Technology
• The Abu Dhabi edition brings together industry leaders and stakeholders to discuss Abu Dhabi’s investment landscape and the pivotal role of SMEs in the Emirate’s economy
• The event underscores the commitment of Emirates Development Bank and its partners to driving Abu Dhabi’s economic diversification and global competitiveness
• Forum gathered key players in Abu Dhabi’s business ecosystem, in line with EDB’s core value of ‘Excelling Through Partnerships’

Abu Dhabi, United Arab Emirates, 30 January 2024: Emirates Development Bank (“EDB” or “the Bank”), yesterday hosted the highly anticipated Abu Dhabi edition of EDB Connect at the ADGM Atrium in a strategic partnership with ‘Make it in the Emirates’ initiative, convening key industry leaders, government officials, and business innovators to discuss, debate, and shape the future of Abu Dhabi’s economy. The event – now in its second edition – serves as a vital platform for discussing strategic investments, exploring innovative solutions, and fostering the growth of SMEs.

Emirates Development Bank commits AED 1.3 billion finance under IRENA’s Energy Transition Accelerator Financing Platform

Dr. Sulan Al Jaber:

• The EDB-IRENA collaboration will provide adequate financing to support climate change mitigation.
• The UAE has invested more than AED 183.5 billion in renewable energy projects in over 70 countries.

Abu Dhabi, United Arab Emirates, 27 November 2023: Emirates Development Bank (“EDB” or “the Bank”), the key financial engine of UAE economic development and industrial advancement, has committed up to AED 1.3 billion (USD 350 million) to support the Energy Transition Accelerator Financing (ETAF) platform, a global climate finance facility established by the International Renewable Energy Agency (IRENA) to accelerate the financing of renewable energy projects and drive funding of renewable energy projects in developing countries.

Emirates Development Bank Unveils Bespoke Solar Energy Financing Program

New Program Features Favorable Financing Terms: Up to 8 Years Tenor Loans and 100% Loan-to-Value Ratio

Ahmed Mohamed Al Naqbi, Chief Executive Officer of Emirates Development Bank

Abu Dhabi, United Arab Emirates, 7 September 2023: Emirates Development Bank (“EDB” or “the Bank”), the key financial engine of UAE economic development and industrial advancement, has unveiled a new first of its kind Solar Energy Finance Program aimed at supporting micro, small, and medium enterprises (mSMEs) across diverse sectors within the UAE. The program will allocate AED100 million to bolster the adoption of green energy solutions, focusing on solar energy initiatives.

Emirates Development Bank Launches Supply Chain Financing for SMEs with Trade Capital Partners

Abu Dhabi, United Arab Emirates, 17 August 2023: Emirates Development Bank (“EDB” or “the Bank”), the key financial engine of UAE economic development and industrial advancement, has inked a Memorandum of Understanding (MoU) to create supply chain finance and working capital solutions for SMEs in collaboration with Trade Capital Partners (TCP). This partnership was facilitated by Hub71, Abu Dhabi’s global tech ecosystem, as part of its efforts to support startups with commercial opportunities through its network of leading corporate and government partners in the UAE.