The launch of the “Emirates Growth Fund” at a value of one billion dirhams to accelerate the growth of small and medium -sized companies

The Emirates Development Bank launched today the “Emirates Growth Fund”, with a value of one billion dirhams, which was designed to accelerate the growth of small and medium companies in the UAE and enhance their flexibility and competitiveness at the global level.
The Emirates Growth Fund, which was launched during the fourth session of “Made in the Emirates”, which was launched today, provides a set of advantages that include providing long -term financing solutions and enhancing the strategic partnership of companies that have high capabilities to grow through priority sectors that include manufacturing, food security, health care, and advanced technology.
The Fund plays a pivotal role in achieving a qualitative shift in developing the industrial sector in the UAE, and implementing the goals of the national industry and advanced technology of the UAE, aimed at increasing the contribution of the industrial sector to GDP to 300 billion dirhams by 2031.
The Emirates Growth Fund targets small and medium -sized companies that are based in the UAE, which has promising growth capabilities, and usually achieves annual revenues of at least 10 million dirhams. The fund’s investments in each company ranges between 10 million and 50 million dirhams with the aim of bridging the financing gap of small and medium -sized companies with high capabilities in the UAE.
The Emirates Growth Fund contributes to providing a new concept for the role of capital allocated to support the growth of small and medium -sized companies in the UAE and target companies that exceeded the stages of initial financing (establishment), but it needs a flexible and long -term investment that enhances its ability to achieve the maximum benefit from its full capabilities in a way that enhances its sustainable growth.
By combining investment in minority classes and strategic focus on creating value, the fund enables the founders of companies to expand sustainable, enhance governance, and build leading national companies that contribute to formulating the future of industry in the UAE.
Dr. Ahmed Balah Al -Falasi, Minister of Sports, will take over the task of the Fund’s president, while His Excellency Najla Ahmed Al -Midfa will undertake the task of the Vice President and Managing Director of the Fund’s management. The Fund’s Board of Directors includes Maryam Saeed Ghobash, Muhammad Harem Al -Shamsi, Khalfan Jumaa in Al -Hall, Hassan Al -Sayegh, and Stephen Wellon.
On this occasion, Dr. Sultan bin Ahmed Al -Jaber, Minister of Industry and Advanced Technology and Chairman of the Emirates Development Bank, said that in line with the vision and directives of the rational leadership to support the achievement of a qualitative shift in the national industry sector and increase its contribution to the gross domestic product and enhance the industrial and technological investment gravity of the Emirates, the Emirates Development Bank seeks to contribute to building a future based on flexibility and contentment Self.
He added that the launch of the “Emirates Growth Fund” is an ambitious step that looks forward to the future and provides emerging companies in the country capital, expertise and strategic support necessary for growth and development to become one of the leading companies in the industrial sector, in a way that supports the growth of priority sectors, and enhances the competitiveness of the industrial sector and the flexibility of supply chains and self -sufficiency, and we are all confident that this fund will be our ability and support for these companies and will constitute an important investment that contributes to growth and prosperity Long -term for the UAE and establishes its global leadership.
For his part, Dr. Ahmed Balhal Al -Falasi said: “We designed the“ Emirates Fund for Growth ”to fill the financing gap facing some small and medium -sized companies that are known as“ the medium gap, ”which is the stage in which this group of companies finds itself very advanced to obtain investment capital, and at the same time it is of a very pioneering nature that does not make it fit with the traditional funding of private capital, but it remains important and vital for the business scene so Acting support and patient capital, we aim, through the Fund, to identify and build partnerships with such institutions that possess solid elements for expansion, promoting local industrial capabilities, creating job opportunities, and strengthening the pillars of our strong national economy in the next stage.
For its part, Naglaa Ahmed Al -Midfa said that the Emirates Growth Fund was launched with the aim of providing long -term capital that supports small and medium -sized companies in the expansion stage, and we seek through the fund to achieve concrete and fast results for the founders of ambitious companies who build flexible business models that keep pace with the requirements of the future.
The Emirates Growth Fund targets small and medium -sized companies that are based in the UAE, which has promising growth capabilities, and usually achieves annual revenues of at least 10 million dirhams. The fund’s investments are based on each targeted company according to an approach based on active investment in a minority sessions, ensuring that operational control remains in the hands of the founders, while providing strategic support in areas such as governance, growth plans, improvement of operational efficiency, and institutional transformation.
The Fund focuses on sectors of priority in line with the strategic goals of the UAE, including strengthening the industrial base, supporting local supply chains, and generating specific job opportunities for those with competencies in the context of contributing to enhancing the flexibility and long -term national economy.
In a move that reflects the momentum and the speed of implementation, the Emirates Growth Fund announced its first investment in the health care sector with a “restoration hospital for orthopedics and spine”, which represents a launch of an investment portfolio aimed at achieving added value to the national economy, and causing a tangible and measurable impact in the vital sectors.