Established by Federal Law no. 7 of 2011 under a decree issued by His Highness Sheikh Khalifa bin Zayed Al Nahyan, Emirates Development Bank officially launched its operations in 2015 under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs.
EDB plays a key financial enabler role for the UAE’s economic diversification and industrial transformation agenda, towards building a knowledge-based economy.
As part of this strategy, EDB is set to become a key engine for growth of the UAE’s economy and the post-COVID recovery, enabling plans to develop the national industrial ecosystem across key sectors, driving as such the UAE’s global competitiveness and sustainable growth.
EDB expands SME funding support to both UAE Nationals and residents owning and managing businesses operating in the priority sectors. We also emphasize on entrepreneurship and innovation, adopting advanced technologies, generating In-Country Value as well as the 4th Industrial Revolution. Our strategy focuses on five key sectors: manufacturing, healthcare, infrastructure, food security and technology.
We also continue to support UAE nationals in acquiring their home.
To serve our customers better, understand their needs, and meet their goals to the best of our abilities, we have:
Applying for direct funding support is easy through our website.
To be a Catalyst for the progressive evolution of the UAE Economy
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.