15.7 billion dirhams, «Emirates Development» since 2021

The Emirates Development Bank announced its annual results for the year 2024, which showed its great economic contribution and its pivotal role in promoting flexibility and stimulating economic diversification in the country.
The results showed that the total volume of funds provided by the bank since the launch of its new strategy in 2021 to 15.7 billion dirhams, which raised its contribution to the state’s GDP to 7.4 billion dirhams at the end of the year 2024.
The bank’s economic impact is more evident through the significant increase in financing indicators of capital expenses and foreign direct investment, as the bank mobilized the value of capital investment financing amounting to 50.2 billion dirhams, in addition to its support to establish new projects worth 15 billion dirhams, and foreign investment was attracted to value 7 billion dirhams since April 2021.
The bank contributed through the funds it provided in providing 28 thousand job opportunities in the industrial sector in the UAE, which reflects its firm commitment to supporting job creation and enhancing the benefit from promising economic opportunities.
The Minister of Industry and Advanced Technology and Chairman of the Emirates Bank for Development, Dr. Sultan Ahmed Al -Jaber, said: “In line with the vision of the rational leadership, the bank continues to focus on supporting the growth of the industrial sector and sustainable economic development and enhancing the investment attractiveness of the UAE. The distinguished results achieved by the bank in 2024 emphasize the sustainability of its growth since the launch of its new strategy in 2021. The achievement of 15.7 billion dirhams as total financing, with allocating large amounts of manufacturing, advanced technology and renewable energy, confirms the bank’s firm commitment to its strategic priorities and contributing to stimulating growth and promoting economic diversification In line with national development plans. It is also a practical embodiment of the guidance of good leadership, which focuses its long -term future vision to ensure the achievement of sustainable economic growth.
He added: «We are committed to employing advanced technology to create distinct financial solutions and launch qualitative initiatives that support the achievement of the strategic priorities of the bank, and these results constitute a clear evidence of the bank’s ability to fulfill its obligations, support the growth of priority sectors, enhance the competitiveness of the industrial sector, ensure the flexibility of the national economy, and consolidate The global economic status of the UAE.