Made in UAE
Emirates Development Bank to provide billions in new financing to private sector
The bank has allocated $1.36 billion in financing for industrial projects so far this year
The Emirates Development Bank booth at the Make it in the Emirates Forum. (Photo: EDB)
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Emirates Development Bank (EDB) is loosening the purse strings, aiming to massively increase financing to the private sector by 2026.
The bank announced it will provide financing worth AED 30 billion ($8.2 billion) by 2026, targeting the 13,500...