The Ministry of Industry and Advanced Technology announced the financial results of Emirates Development Bank for 2024, which highlighted its significant economic contribution and key role in strengthening sustainability and stimulating economic diversification in the country.
The bank provided financing totaling 15.7 billion dirhams since the launch of its new strategy in 2021, which increased its contribution to the country's total gross domestic product to 7.4 billion dirhams by the end of 2024.
"We are focused on leveraging advanced technologies for the development of first-class financial solutions and launching quality initiatives that support the implementation of the bank's strategic priorities," noted the Minister of Industry and Advanced Technology, Chair of the Board of Directors of Emirates Development Bank, Dr. Sultan Ahmed Al-Jaber.
The bank's results for 2024 confirm sustainable growth from the moment it launched its new strategy in 2021. It is important to note that achieving total financing of 15.7 billion dirhams, as well as significant investments in production, advanced technologies, and renewable energy indicate the consistency of the bank's strategic priorities and commitment to stimulating growth and supporting economic diversification in association with national development plans.
