Why Emirates Development Bank CEO has confidence in 'ambitious' $8.2bn strategy - Arabianbusiness
The CEO of Emirates Development Bank (EDB) has admitted its AED30 billion ($8.2 billion) strategy is “ambitious” but Faisal Al Bastaki told Arabian Business he is confident they will deliver and play a pivotal role in the UAE’s post-pandemic recovery.
The strategy, which was launched to support the recently announced Operation 300bn, is aimed at supporting businesses and start-ups across the country.
Operation 300bn was launched earlier this year as a 10-year comprehensive strategy to more than double the industrial sector's contribution to the country's GDP, positioning the UAE as a global industrial hub by 2031.
The bank has allocated a portfolio of AED30 billion to support priority industrial sectors over a five-year period, which will contribute to financing more than 13,500 SMEs, creating 25,000 jobs.
No comments:
Post a Comment