Within the activities of the "Make it in the Emirates" Exhibition and Forum .. Ajman DED and EDB sign an agreement to bolster the financing of industrial projects

In line with its endeavors to enhance the industrial investment environment and achieve sustainable economic development, the Department of Economic Development in Ajman (Ajman DED) has signed a strategic cooperation agreement with the Emirates Development Bank (EDB). This occurred on the sidelines of the "Make it in the Emirates" Exhibition and Forum, held in the capital city of Abu Dhabi.

The agreement aims to support and finance small and medium-sized enterprises operating within the industrial sector and priority development sectors. This will be achieved through the provision of facilitated financing solutions, the empowerment of entrepreneurs, and the promotion of innovation and entrepreneurship.

Ajman DED affirms that the signing of this agreement during this significant national event embodies the DED's commitment to leveraging qualitative partnerships with federal entities to propel industrial growth. Furthermore, it states that the agreement will contribute to the development of the business environment in Ajman and elevate the contribution of the industrial sector to the emirate's gross domestic product.

For its part, the EDB emphasized that this agreement aligns with the EDB's strategy aimed at empowering national projects through financing and non-financial support. It also seeks to provide innovative banking solutions that contribute to the realization of the developmental objectives of the UAE.

Areas of cooperation between the two parties include the exchange of data and information, the nomination of projects for financing, the development of incentive programs, and the organization of workshops and awareness programs, in addition to the joint promotion of services across the digital platforms of both entities.

The signing of this agreement represents a practical step towards strengthening the partnership between governmental and banking entities and accelerating the pace of smart industrial transformation and innovation, thereby supporting the aspirations of the UAE towards a competitive and sustainable economy.