Emirates Development Bank (EDB), a key financial engine of the UAE’s economic diversification and industrial transformation agenda, has been named as the official banking partner of the 10th Annual Investment Meeting (AIM) in the UAE, to help bolster and improve sustainable investments across key priority sectors in the UAE.
EDB, which is playing a visible role in providing sustainable and flexible financing to business across vital sectors including industry, technology, healthcare, food security and infrastructure, will play a key role at AIM 2022, the world’s leading investment platform, which will be staged from 29th to 31st March, 2022 at the Dubai Exhibition Centre, Expo 2020 Dubai, under the theme ‘Investments in Sustainable Innovation for a Thriving Future’.
EDB will take part in strategic talks, roundtable discussions, key presentations and workshops that are all aimed with the primary goal of how to attract new investments, how to further encourage and empower youth entrepreneurship and to boost the start-up and SME ecosystem across the country.
An initiative of the UAE Ministry of Economy, AIM 2022, which will see the participation of some of the world’s leading investment specialists, will have focus on six multifaceted pillars; Foreign Direct Investment (FDI), Small and Medium Enterprises, Future Cities, Foreign Portfolio Investment, the 50 Projects initiative, and – new for 2022 – the Startup Pillar, in recognition of their role in bolstering investment activities, strengthening new industries and coming up with innovative ideas.
As part of its mission to support the diversification of the UAE Economy and in alignment with the UAE’s ‘Projects of the 50’, aimed at promoting local industries, trade opportunities, EDB will support AIM 2022 in showcasing strategies on financing large corporates, small and medium-sized enterprises, attracting foreign direct investment, start-ups and future industries.
Ahmed Mohamed Al Naqbi, CEO of EDB, said, “EDB is delighted to be the Official Banking Partner of AIM 2022, which will see the participation of distinguished dignitaries, heads of state, key policymakers and investors to help shed light on sustainable investments, outline SME and startup methodologies and accelerators and incubators as an integral part of the UAE’s diversification goals. Attracting investments is key to the local economy, enables inclusive growth job creation, and increase in competitiveness and EDB working to enhance the performance and productivity of the industrial sector and support the objectives of the UAE government’s comprehensive vision to support the transition towards a diverse and resilient knowledge economy. ”
“AIM – the largest global gathering of corporate leaders, policymakers, regional and international investors, entrepreneurs, academics and experts – has been one of the most exclusive investment gatherings in the world and EDB looks forward to being a key part of this important event, which invites decision-makers, start-ups, entrepreneurs, venture capitals and angel investors under one roof to help shape the UAE’s diversification agenda,” Al Naqbi added.