Emirates Development Bank launches UAE’s first agritech loans programme

Emirates Development Bank launches UAE’s first agritech loans programme

Has unveiled the UAE’s first ‘AgriTech Loans Program’. In line with this launch, the development bank will allocate Dhs100m in financing support for the country’s food security sector. aims to empower farms, local growers and food suppliers by supporting their adaptation and modernisation efforts through the programme. Ahmed Al Naqbi, CEO of , said: “We understand UAE food security is fundamental to the long-term health and wellbeing of the population. As the UAE’s , it is our top priority to transform the nation into a regional hub for local food production in line with the National Food Security Strategy 2051. “Leveraging our competitive and accessible financing solutions, we aim to facilitate the adoption of advanced technology and cutting-edge solutions, contributing to the realisation of this strategic vision.” The UAE’s National Food Security Strategy 2051 aims to make the UAE the world’s best on the Global Food Security Index by 2051. The strategy outlines plans to develop a comprehensive national system based on enabling sustainable food production through using modern technologies, while enhancing local production. Through this initiative, the bank aims to help deliver innovative solutions to agricultural operations and optimise yields. The financing support provided will facilitate the implementation of