Emirates Development Funds exceed 22.6 billion dirhams since 2021

The value of the total financing provided by the Emirates Development Bank has exceeded 22.6 billion dirhams, since the launch of its strategy in 2021, and has contributed to the creation of more than 38 thousand job opportunities, and has added more than 10 billion dirhams to the industrial gross domestic product of the UAE.

The Emirates Development Bank, the main financial driver of the economic diversification and industrial transformation agenda in the Emirates, recently unveiled its national documentary film, “The Value of Impact,” which presents a new phase in storytelling in the financial sector, characterized by shifting the focus from numbers to poignant stories from humanitarian journeys that contribute to shaping the future in the Emirates.

The film tells the inspiring stories of three entrepreneurs who overcame personal and professional challenges to build their businesses in the Emirates, with support from the Emirates Development Bank.

The new documentary was produced in partnership with the Ministry of Industry and Advanced Technology, the “Make in the Emirates” initiative, the Ministry of Economy and Tourism, and the “UAE: Entrepreneurial Capital of the World” campaign, and provides an in-depth look at the long-term impact of strategic support that creates broad societal progress.

The CEO of the Emirates Development Bank, Ahmed Mohammed Al Naqbi, said that the film “The Value of Impact” sheds light on the individuals and ideas that lead the economic development process in the UAE, adding, “Our message at the Emirates Development Bank is clear: when we finance and support business growth, we contribute to the growth of our country. Every project we support creates job opportunities, stimulates innovation, and adds long-term value to the country, and from this standpoint, we continue to establish the foundations of a diversified economy ready for the future, by supporting the ambitions of entrepreneurs and strengthening partnerships.” With the government, public and private sectors.

The Emirates Development Bank plays a pivotal role in advancing the economic diversification agenda in the country and supporting the national strategy for industry and advanced technology, as the national development bank for the UAE. The documentary highlights the bank’s role in supporting and financing priority sectors, such as advanced technology, food security, and health care, and how this support and financing creates a strong and expanding impact that stimulates economic growth, job creation, and self-sufficiency.

For his part, Assistant Undersecretary for the Entrepreneurship Sector and Regulation of Economic Affairs at the Ministry of Economy and Tourism, Abdulaziz Al Nuaimi, said, “The UAE’s vision for economic development revolves first around people. We do not measure success only by results, but by spirit and determination, and by founders who innovate, venture, and create new industries.”

He pointed out that this vision stands at the heart of the “UAE: Entrepreneurial Capital of the World” campaign, as it is not just numbers or classifications, but rather the establishment of a culture in which entrepreneurship becomes a natural choice and a celebrated path among the youth of the Emirates.

The Emirates Development Bank plays a pivotal role in building an entrepreneurial ecosystem that enables companies to grow. Through initiatives such as the “AgriX Agricultural Accelerator” and the “Make in the Emirates” Accelerator, the bank provides entrepreneurs with strategic guidance and technical expertise, facilitates their access to markets, and connects them to a network of partners and resources.

This comes within an integrated approach that ensures that entrepreneurs and startups receive the financing and comprehensive support necessary to transform their ambitious ideas into globally competitive projects that contribute to building the UAE’s industrial future.