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The UAE is a pioneering and forward-thinking nation that thrives on national development and international cooperation whilst retaining its own unique heritage and culture. Today it is seen as a beacon that serves as an example for other countries in the region and other parts of the world.
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EDB’s vision is to support the UAE’s economic diversification agenda by enabling individuals, SMEs and corporates in priority industrial sectors, while promoting innovative technologies to build a knowledge-based economy.
Our mission is to maximize our economic impact on the economy of the UAE. EDB is set to become a key engine for growth of the UAE’s economy through contribution to non-oil GDP, increase of national employment rates, and in-country value generation.
launched in April 2021
owned by the UAE Federal Government
Fitch Rating – S&P Global
Employees
industrial SMEs through a diversity of financing solutions
Since the launch of its new strategy:
jobs within the industrial sector
to the UAE’s GDP
new customers acquired, 32 roadshows/CEO roundtables in 2023 and 48 marketing events
Added
to our priority sectors for financing with new product offering of Solar Energy Financing
Net Profit
Total Assets
Total Equity
Total Financing
The UAE leadership’s directives and visionary outlook in 2023 were instrumental in bolstering the national economic diversification and industrial agenda.
Emirates Development Bank (EDB) witnessed another successful year, working closely with all our key stakeholders to achieve records in total industrial loans, and tremendous results in both the Bank’s contribution to GDP and job creation.
A key financial engine to enable & empower the country’s implementation of industrial development strategy
Raise the Bank’s contribution to the national GDP by AED 10bn+ in 2026 from AED 950mn in 2020
Position the UAE as a key industrial hub for local and global businesses looking to set or expand their operations
EDB is tasked with providing patient and competitively priced financing in support of the UAE’s economic growth and industrial development. The Bank is identified as a major enabler of Operation 300bn, which is the Ministry of Industry and Advanced Technology’s comprehensive plan for developing the UAE’s industrial sector and growing the national economy.
At EDB, as part of the assessment process, every loan is evaluated through the Bank’s proprietary ‘Development Impact Scorecard.’ The tool measures more than 20 quantitative and qualitative factors regarding each loan’s potential impact on economic development.
Qualitative criteria include whether the project is a greenfield development, includes local procurement, has UAE national ownership, or creates new business for local SMEs. Quantitative criteria include the number of high-skilled jobs created and percent private sector ownership.
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Ministry of Industry & Advanced Technology
Ministry of Economy
Ministry of Climate & Environment
Abu Dhabi Department of Economic Development
Abu Dhabi Industrial Development Bureau
Department of Agriculture & Livestock
Ajman Department of Economic Development
Fujairah Department of Industry & Economy
Dubai Municipality
Fujairah Municipality
Abu Dhabi Exports Office
Abu Dhabi Fund for Development
Abu Dhabi Investment Office
Sharjah Investment and Development Authority
Dubai Healthcare City Authority
Dubai Silicon Oasis Authority
Expo City Dubai
Abu Dhabi Port (KEZAD / Zonecorp)
Abu Dhabi Global Market
Masdar City Free Zone
Abu Dhabi Airport Free Zone Authority
Dubai Airport Free Zone Authority
JAFZA
Jebel Ali Free Zone
Ajman Freezone
Hamriyah FZA
RAK Economic Zone
Umm Al Quwain Free Trade Zone
Fujairah Free Zone
Abu Dhabi Chamber of Commerce & Industry
Ajman Chamber of Commerce & Industry
Sharjah Chamber of Commerce & Industry
RAK Chamber
Dubai Industrial City
Tawazun Industrial Park
National Industries Park
Sharjah Research Technology and Innovation Park
Abu Dhabi Waste Management Company
ADNOC- ICV
Abu Dhabi Businesswomen Council
Khalifa Fund
Dubai Industries & Exports
Sharjah Entrepreneurship Center
Invest in Sharjah
Food Tech Valley
Hub71
Ruwad
In 2023, the Micro, Small and Medium Enterprises division (mSME) delivered exceptional results across all its key performance indicators, encompassing developmental impact score, GDP impact and new job creation.
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The Wholesale and Institutional Banking (WIB) division delivered strong results during 2023 across both its internal operations and external delivery of services to customers.
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Amidst a volatile interest rate environment, the Treasury and Investments division performed strongly during 2023, effectively managing the Bank’s liquidity, its foreign exchange positions, and the investment securities including other assets and liabilities.
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In 2023, the Operations & IT department provided essential support to the Bank’s ongoing five-year strategy and to the implementation of key priorities for 2023.
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The Human Resources department worked throughout the year to not only grow the most vital enabler of Bank success – its talent – through various acquisition activities, but also to retain and develop this skilled and experienced staff.
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