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About Emirates Development Bank EDB

Emirates Development Bank (EDB) is a government-owned financial institution in the UAE, established in 2015 and headquartered in Abu Dhabi. Under the guidance of Sheikh Mansour bin Zayed Al Nahyan, EDB plays a vital role in promoting economic diversification and sustainable growth. The bank aims to deploy AED 30 billion ($8.17 billion) in financing by 2026, focusing on key sectors such as manufacturing, healthcare, food security, advanced technology, and renewable energy. EDB provides a range of tailored financial and non-financial solutions for SMEs, startups, and large corporations. Their offerings include asset-backed financing, business expansion loans, project financing, and a credit guarantee scheme to support UAE-national-owned businesses. Additionally, EDB has specialized programs like "Make It In The Emirates," which aims to fund over 13,500 companies and create 25,000 jobs by 2026, with initiatives for green finance and advanced technology financing. The bank emphasizes inclusivity for Emirati entrepreneurs while also supporting foreign-owned startups in priority sectors.

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