His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, approved the Emirates Development Bank (EDB) Strategy to provide a sizeable Dhs30 billion financial support to businesses and start-ups in a major step to drive the national economy.
Launched to support “Operation 300bn,” the EDB Strategy aims to leverage the Bank’s role as a key driver of the national economy to provide the largest support network for the industrial sector.
Sheikh Mohammed said, “Advancing the national economy is a top priority that requires a joint effort of all our economic entities in the coming phase.”
He added, “We must adopt a distinctive vision that meets global trends and sustains development to maximise the industrial sector’s revenue and boost the broader economy.
“The Emirates Development Bank Strategy presents a giant leap that will leverage the bank’s role as a key driver of the national economy. Providing effective financial solutions will support the role of SMEs as main players in shaping our national economy.”
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