Make it in the Emirates: EDB join hands with ADDED

Make it in the Emirates: EDB join hands with ADDED

UAE’s Emirates Development Bank (EDB) has signed an MoU with the Abu Dhabi Department of Economic Development’s Industrial Development Bureau (IDB) to continue its support of the Financial Ecosystem Programme. IDB’s financing programme is designed to assist companies in the emirate to access the best finance providers and products efficiently. It allows investors to seek the most appropriate financing – from a range of local banks – with a few clicks. The financing facilitation platform is a straightforward method for Abu Dhabi-based companies to receive finance offers from a range of banks all at once, allowing them to choose the package that best meets their needs. “We are pleased to be part of IDB’s Financial Ecosystem Programme, as this is a significant initiative in achieving the UAE’s Industrial Strategy,” Ahmed Mohamed Al Naqbi, CEO of EDB said, adding that the bank is committed to enabling plans that strengthen the national industrial ecosystem across key sectors, driving global competitiveness and sustainable growth for the country. is playing a vital role in supporting the UAE’s industrial strategy by providing financial assistance, promoting innovation, facilitating collaboration and driving sustainable growth in strategic industrial sectors. The development lender provides loans, credit facilities and guarantees