UAE Industrial Financing Surpasses AED 1.3 Billion as Dubai Industrial City Partnership Expands

Emirates Development Bank (EDB) has announced that financing for companies operating in Dubai Industrial City has exceeded AED 1.3 billion, marking a major milestone in efforts to accelerate the UAE’s industrial growth and economic diversification.

The achievement was revealed during Make it in the Emirates 2026, where both entities also renewed their strategic partnership to further expand support for manufacturers and industrial businesses across the country.

Since the partnership began, EDB has approved AED 1.304 billion in financing across 34 transactions, supporting 19 companies based in Dubai Industrial City. The collaboration has played a key role in strengthening the UAE’s manufacturing ecosystem and enhancing the competitiveness of local industries.

Officials said the renewed agreement will focus on scaling industrial capacity, unlocking new financing opportunities, and supporting advanced and sustainable manufacturing. It will also continue to provide tailored financial solutions to small and medium-sized enterprises (SMEs), enabling them to grow, innovate, and expand into global markets.

H.E. Ahmed Mohamed Al Naqbi, CEO of Emirates Development Bank, noted that surpassing AED 1.3 billion in financing reflects strong demand for specialised industrial funding and highlights the impact of targeted financial support in translating national industrial priorities into measurable outcomes.

Saud Abu Alshawareb, Executive Vice President of Industrial at TECOM Group PJSC, said the milestone underscores the strength of the partnership and the resilience of manufacturers within Dubai Industrial City’s ecosystem, reinforcing the UAE’s position as a global industrial hub.

The initiative aligns with Operation 300bn, which aims to increase the industrial sector’s contribution to GDP and drive long-term economic diversification through innovation and sustainable growth.

The expanded collaboration is expected to further strengthen the UAE’s industrial sector, supporting a future-ready economy built on advanced manufacturing, investment, and global competitiveness.