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UAE launches Dh30 billion programme to stimulate vital sectors

Dubai: The UAE Government has launched Emirates Development Bank’s new strategy with a Dh30 billion portfolio to stimulate vital sectors aligned with national priorities.

The strategy will finance more than 13,500 new businesses in these sectors and strengthen the bank’s role in supporting the national economy.

Making the announcement on Twitter, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President, Prime Minister and Ruler of Dubai, said: “Our national economy is in good shape and progressing so well. We have assets exceeding Dh3,000 billion in our banks, something which will help push our economy to new horizons. We welcome everyone seeking to fulfil their dreams in the UAE. We welcome their future with us in the country of future”.

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