Page 34 - ETIHAD CREDIT INSURANCE PR REPORT - FEBRUARY 2025

2/27/25, 8:54 AM Ajman’s Business Boom: EDB Connect showcases record growth and innovation

The second panel discussion, which explored the role of SMEs and startups in driving Ajman’s business

growth, included Mohammed Masood Al Ketbi, Director of Government Communication Office at Ajman
Department of Economic Development (DED); Ramzi Al Rimawi, Senior Manager of Business
Development at Etihad Credit Insurance; Christoph Koster, CEO of Ruya Bank; and Faisal Qandeel,
Head of Retail Banking at Ajman Bank. The session was moderated by Abdulla Al Hamed, SVP of

Foreign Direct Investment at EDB.

Additionally, entrepreneur and robotics & AI expert, Eng. Yasmin Al Enazi, delivered a TED Talk-style
session discussing the challenges and opportunities in the robotics sector, its role in enhancing
industrial productivity, and the impact of AI and digital transformation on the future of business.

The EDB Connect forum in Ajman also included a special exhibition showcasing innovative projects by

university and school students across EDB’s five key sectors. Participating institutions included the
University of Zayed University, Sharjah University, Higher Colleges of Technology, and Dubai Police
Production School, reinforcing EDB’s commitment to fostering innovation and talent development in the
UAE’s industrial ecosystem.

The event concluded with an appreciation ceremony recognizing individuals and organizations that have
contributed to Ajman’s growing business ecosystem.

As EDB continues to strengthen its role in financing economic diversification, the bank remains
committed to supporting the UAE’s economic resilience and diversification, having financed the
equivalent of more than 25 million AED a day in 2024, and reaching AED15.7 billion in financing since

2021, increasing the Bank's contribution to the UAE's industrial GDP impact to AED7.4 billion by end of
2024.

Working alongside government entities and the private sector EDB Connect creates a thriving business
ecosystem and the success event in Ajman underscores the power of collaboration in driving

sustainable economic growth.

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