Emirates Development Bank to Participate at 12th Annual Investment Meeting

Bank supports SMEs and large corporates and provides financing of sectors and investment projects that are key for the UAE's economic diversification and future development...

Abu Dhabi, United Arab Emirates, 04 May 2023: Emirates Development Bank (EDB) is set to participate in the 12th Annual Investment Meeting (AIM Global 2023) from 8-10 May 2023 at the Abu Dhabi National Exhibition Centre (ADNEC) in Abu Dhabi. As a key financial engine for the economic development and industrial advancement of the nation, EDB's participation in AIM Global 2023 underscores the Bank's commitment to supporting sustainable economic development.

AIM Global 2023 is supported by the Ministry of Industry and Advanced Technology (MoIAT) and Abu Dhabi Department of Economic Development as leading partners, and will be held under the theme “The Investment Paradigm Shift: Future Investment Opportunities to Foster Sustainable Economic Growth Diversity and Prosperity.” The event will focus on key sectors, including manufacturing, technology, healthcare, which are in line with the priority sectors that EDB is committed to supporting.

• Offering a range of financing solutions specifically designed for SMEs, including term loans, working capital financing, trade financing, and more.
• Partnering with other financial institutions to provide SMEs with additional funding sources.
  
• Providing a partial guarantee on loans issued by partner banks to SMEs (Credit guarantee) helping SMEs that may not otherwise qualify.

Ahmed Mohamed Al Naqbi, Chief Executive Officer at Emirates Development Bank said: "The theme of AIM Global 2023 is highly relevant as it offers a unique opportunity for innovators, experts, and representatives from critical sectors and industries to convene and explore investment trends, digital innovations, and sustainability as critical catalysts for economic growth and social prosperity. EDB's participation at the event is significant in highlighting the pivotal role of development banks in long-term economic growth and achievement of global sustainable development goals."

AIM Global 2023 will discuss the global capital market transformation, ways to improve the flexibility of global supply chains to benefit from growth opportunities, and the Fourth Industrial Revolution and AI technologies in the years to come. AIM will also address new trends in the current global digital transformation by developing and developed economies and discuss investment trends and strategies that can be utilized to maximize the potential of businesses and countries to accelerate economic diversification.

Emphasizing the importance of the event to highlight the role of financing in cementing the UAE's position and reputation as a global trade & investment hub as well as a safe destination for FDI, Al Naqbi added: "EDB plays a pivotal role in enabling the UAE to chart a more sustainable path to the future. With a focus on supporting SMEs and large corporates, we provide financing for sectors and investment projects crucial to the country's economic diversification and future development. Our priority sectors include technology, food security, healthcare, renewables, and manufacturing, all of which contribute to building a resilient and prosperous economy."