![The Emirates Development Bank will support the role played by small and medium enterprises in shaping the UAE's national economy, Sheikh Mohammed said. Wam](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/LL2S6C3OWD5BKDELOIY76UUEME.jpg?smart=true&auth=fc384cf715f724220a5b5225f1bed28f4a608ff6e2664be0a1d3fe34c11a8153&width=400&height=225)
![Vice President and Ruler of Dubai, Sheikh Mohammed bin Rashid, attends the launch of the Emirates Development Bank. The bank will stimulate various sectors, back 13,500 companies and create 25,000 jobs. Wam](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/NOZBRSM5YETSRFXSR2QNATBT7U.jpg?smart=true&auth=d103799eed29687ae11cc6d024cfc70716876e1869b18e661d2d66be1c085488&width=400&height=225)
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![The Emirates Development Bank will provide Dh30 billion in financing over the next five years to support the UAE's efforts to more than double the size of the industrial sector. Wam](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/RQEB2KEL2NYYHCLG6KBUMEO4RM.jpg?smart=true&auth=ddfa117569159ae96ff20e6c7f2466ac6f9ef72c56da9d9c100dd32f9a9e2dc7&width=400&height=225)
![The Emirates Development Bank will support the role played by small and medium enterprises in shaping the UAE's national economy, Sheikh Mohammed said. Wam](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/LL2S6C3OWD5BKDELOIY76UUEME.jpg?smart=true&auth=fc384cf715f724220a5b5225f1bed28f4a608ff6e2664be0a1d3fe34c11a8153&width=400&height=225)
![Vice President and Ruler of Dubai, Sheikh Mohammed bin Rashid, attends the launch of the Emirates Development Bank. The bank will stimulate various sectors, back 13,500 companies and create 25,000 jobs. Wam](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/NOZBRSM5YETSRFXSR2QNATBT7U.jpg?smart=true&auth=d103799eed29687ae11cc6d024cfc70716876e1869b18e661d2d66be1c085488&width=400&height=225)
![Joining Sheikh Mohammed bin Rashid at the launch were Sheikh Mansour bin Zayed, Sheikh Saif bin Zayed and Dr Sultan Al Jaber. Wam](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/MHFDC3LX67AIQ2SIZRMEB6PKFE.jpg?smart=true&auth=82d421460c7a3ff193aabcd1d85f670387e5a25db943a45bdec3caf5a1593bba&width=400&height=225)
![The Emirates Development Bank will provide Dh30 billion in financing over the next five years to support the UAE's efforts to more than double the size of the industrial sector. Wam](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/RQEB2KEL2NYYHCLG6KBUMEO4RM.jpg?smart=true&auth=ddfa117569159ae96ff20e6c7f2466ac6f9ef72c56da9d9c100dd32f9a9e2dc7&width=400&height=225)
![The Emirates Development Bank will support the role played by small and medium enterprises in shaping the UAE's national economy, Sheikh Mohammed said. Wam](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/LL2S6C3OWD5BKDELOIY76UUEME.jpg?smart=true&auth=fc384cf715f724220a5b5225f1bed28f4a608ff6e2664be0a1d3fe34c11a8153&width=400&height=225)
Emirates Development Bank to provide Dh30bn in financing to help boost industrial sector
The financing will stimulate various sectors, help nurture and back 13,500 companies and create 25,000 jobs
![Massoud A Derhally](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/https%3A%2F%2Fs3.amazonaws.com%2Farc-authors%2Fthenational%2F2ef7c5fc-381a-4c43-8771-5b57d49378de.png?smart=true&auth=e4feb7be53fc027e0c78abaa1d6f082f4f272695e4446f05ee53e3b8e77284dd&width=70&height=70)
Massoud A Derhally
April 05, 2021
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