{"id":103821,"date":"2025-05-20T00:00:00","date_gmt":"2025-05-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/uae-banks-line-up-aed-40-bn-for-industrials-aed-1-bn-for-smes\/"},"modified":"2025-05-20T00:00:00","modified_gmt":"2025-05-20T00:00:00","slug":"uae-banks-line-up-aed-40-bn-for-industrials-aed-1-bn-for-smes","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/05\/20\/uae-banks-line-up-aed-40-bn-for-industrials-aed-1-bn-for-smes\/","title":{"rendered":"UAE banks line up AED 40 bn for industrials, AED 1 bn for SMEs"},"content":{"rendered":"

The<\/strong> UAE will pump AED 40 bn (c. USD 10.9 bn) into its industrial base over <\/strong>the <\/strong>next five years<\/strong>, which aims to grow the sector and localize supply chains, according to a press release<\/a> citing statements made by Industry and Advanced Technology Minister Sultan Al Jaber during the Make it in the Emirates<\/a> forum.<\/p>\n

Banks are backing industrial financing: <\/strong>The financing \u2014 to be led by national institutions including our friends at Mashreq, Emirates Development Bank, First Abu Dhabi Bank, Emirates NBD, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, and Wio Bank \u2014 targets manufacturers across strategic sectors like chemicals, metals, food, construction, pharma, plastics, and machinery. \u201cEvery investment in the industrial sector has a multiplier effect \u2014 stimulating growth in related sectors,\u201d Al Jaber added.<\/span><\/p>\n

Product localization expansion plan<\/strong>: The UAE will also localize 4.8k products and raise potential procurements to AED 168 bn over the next decade. <\/p>\n

SME FUND- <\/p>\n

And a AED 1 bn fund for SMEs: <\/strong>The Emirates is also launching the Emirates Growth Fund (EGF) for SMEs, an AED 1 bn fund operating under Emirates Development Bank<\/a>, according to a statement (pdf)<\/a>. EGF offers flexible capital from AED 10 mn to AED 50 mn per company. It targets SMEs that have outgrown early-stage funding but require long-term capital and operational guidance to grow and expand \u2014 with a focus on sectors like manufacturing, healthcare, food security, and tech. The fund\u2019s active minority investments ensure founders retain operational control while reviving support in governance, growth strategy, and operational optimization. <\/p>\n

It has already started deploying:<\/strong> EGF\u2019s first investment is in healthcare, with a minority stake acquired in Tarmeem Healthcare Holding, which operates Tarmeem Orthopedic & Spine Specialty Hospital. <\/p>\n

ICYMI- <\/strong>Regionally, the UAE has integrated supply chains with an AED 18.4 bn (USD 5 bn) joint industrial investment plan alongside Egypt, Jordan, Morocco, Qatar, Bahrain, and Turkey through the Integrated Industrial Coalition initiated in Abu Dhabi in 2022.<\/p>\n

EXPORTS FUND- <\/p>\n

And another AED 1 bn for exporting firms: <\/strong>The Abu Dhabi Exports Office (ADEX) and Emirates Development Bank (EDB) will partner up to provide AED 1 bn in joint financing support for local private firms working in exporting and manufacturing, state news agency Wam<\/a> reports. Available funds will go towards boosting working capital and supporting global expansion.<\/p>\n","protected":false},"excerpt":{"rendered":"

The country has launched an AED 1 bn fund operating under Emirates Development Bank to support SMEs<\/p>\n","protected":false},"author":1,"featured_media":103822,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1557],"tags":[215,610,1118,260,7,65,396,905,1342,25,288,320],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-103821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-abu-dhabi-commercial-bank","tag-artificial-intelligence","tag-emirates-development-bank","tag-emirates-nbd","tag-enterpriseam-uae","tag-first-abu-dhabi-bank","tag-industry","tag-industry-and-advanced-technology-ministry","tag-investment","tag-investment-watch","tag-mashreq","tag-smes","wpautop","entry"],"acf":{"mongo_id":"1f34c802-87d4-4709-8f0b-0e9312ec8162","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/5\/1597.jpg","photo_position":"above","homepage_title":"","full_issue_title":"UAE banks line up AED 40 bn for industrials, AED 1 bn for SMEs","related_issue":[103809],"teaser":"The country has launched an AED 1 bn fund operating under Emirates Development Bank to support SMEs","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.886cb92c-a390-4503-832d-6970fba7e7bf.mp3"},"yoast_head":"\nUAE banks line up AED 40 bn for industrials, AED 1 bn for SMEs - 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