Emirates Development Bank Reaches $3.51 Billion in Financing, Hosts EDB Connect Forum in Dubai

UAE, 08 October, 2024 :  Emirates Development Bank (EDB) hosted the fifth edition of its EDB Connect forum at the Etihad Museum in Dubai. The event, held in partnership with the Ministry of Industry and Advanced Technology's "Make it in the Emirates" initiative, brought together key stakeholders from both government and private sectors to discuss collaborations for Dubai's sustainable future.

Under the theme “Beyond the Horizon: Unlocking Dubai's Sustainable Future Through Unconventional Collaborations,” the forum featured three panel discussions and a TED Talk-style session. These discussions explored Dubai’s potential as a global hub for impact investing, advanced manufacturing, and the role of artificial intelligence in business growth.

Since announcing its strategy in April 2021, EDB has achieved AED 12.9 billion in cumulative financing, with AED 4.4 billion directed toward Dubai's key sectors. This aligns with the bank’s goal of promoting sustainable growth and contributing to the UAE's GDP.

Ahmed Mohamed Al Naqbi, CEO of EDB, highlighted the forum’s role in fostering partnerships and addressing challenges faced by local businesses. He emphasized the importance of strategic collaborations in driving the UAE's economic diversification and industrial growth.

Industry leaders from various sectors participated, including representatives from the Ministry of Economy, Dubai Municipality, Dubai Chamber, and major financial institutions. The event concluded with an award ceremony recognizing key stakeholders for their contributions to Dubai's economic development.

Source : www.zawya.com