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EDB Announces Dh1 Billion Priority Sector Business Boost

In 2022, Emirates Development Bank (EDB) will launch a Dh1 billion fund for industrial startups

and Small and Medium Enterprises (SMEs) in priority sectors requiring financing and investment.

Companies and entrepreneurs will also be offered training, counselling and guidance for UAE

citizens and residents.

“Operation 300bn” launched in March 2021 by His Highness Sheikh Mohammed bin Rashid Al

Maktoum, Vice President of UAE and Ruler of #Dubai has already allocated Dh30 billion for

financing SMEs and to help create 25,000 industrial jobs.

The strategy extends the bank’s role in advancing the national economy. Since its inception, the Bank has supported 550 companies, allocating Dh1.8 billion business loans to SMEs and it has provided housing loans worth Dh2.4 billion, besides its $750 million 5-year Senior Bond under a $5 billion programme.

HH Sheikh Mohammed commented: “The Emirates Development Bank Strategy presents a giant leap that will leverage the Bank’s role as a key driver of the national economy. Providing effective financial solutions will support the role of SMEs as main players in shaping our national economy,”

#UAE, foremost in the Middle East, ranks 16th globally in the Ease of Doing Business index.

Therefore, given this new financial package, the nation is set to become a more attractive business

environment for local #entrepreneurs and #SMEs.

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Immigration Departure Procedures

Partner Visa

Identity Cards

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One of the most frequently incorporated commercial entities in the UAE is a Limited Liability Company (LLC). Under the law a limited liability company must have one or more local partners (shareholders) who must be a UAE national or a UAE company. The local partners are required to possess a minimum of 51% shareholding in the LLC.


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