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10/28/24, 5:14 PM Newspaper | Megazine | Blog | Emirates Development Bank achieved impressive cumulative financing of AED12.9 bn by Q3

He stated “Dubai has always been recognized with its well-advanced and flexible infrastructure that fits all businesses
from different natures and sizes. However, today we live in a very fast-changing environment that requires prompt and
quick adoption of advanced and ready-to-utilize solutions. Consequently, it’s critically important we host such platforms
that bring key industry players together under one roof to exchange ideas, recognize challenges, and brainstorm
solutions.”

He added “We unite here today under a shared vision, to shape and propel the UAE's economic diversification and
industrial growth. As we spearhead the nation's development efforts by optimizing its investment portfolio across critical
industries, we embrace a vital responsibility of nurturing our nation's growth and ensuring its future readiness. This
commitment aligns with the long-term economic vision of our leadership and supports our corporate and business
objectives. Together, we are not just participants in this journey; we are the architects of a resilient and prosperous
future.”

This edition of EDB Connect featured three key panel discussions, which were moderated by EDB’s senior officials. The
first panel, titled “Dubai - A Global Hub for Impact Investing” explored Dubai's potential to become a global leader in
impact investing by leveraging its strategic location and economic strength. The second panel, titled “Dubai - The
Advanced Manufacturing Powerhouse” looked at the possibilities of transforming Dubai into a hub of advanced
manufacturing solutions driven by local innovation. The third panel, titled “Artificial Intelligence: The Engine of Modern
Economy” discussed the role of AI in driving businesses and enhancing their operational efficiency.
Additionally, a TED Talk-style session took place during the event titled “Scaling Up: Charting the Growth Journey of
Dubai’s SMEs” where Dr. Yasar Jarrar, AI Expert at the International Advisory Group (IAG), shed light on the impact of
AI in accelerating the growth of SMEs in Dubai.

The forum featured industry leaders representing various sectors, including the Ministry of Industry and Advanced
Technology; the Ministry of Economy; the Ministry of Energy and Infrastructure, Jabal Ali Freezone Authority; Dubai
Municipality; Dubai Industrial City; Dubai Integrated Economic Zones (DIEZ); Dubai Future Foundation (DFF); Emirates
NBD (ENBD); Mashreq Bank (Mashreq); Etihad Credit Insurance; Dubai Chamber; AmCham Dubai; ACME; and
International Advisory Group.

The event concluded with an award ceremony recognizing key stakeholders and strategic partners who have
significantly contributed to Dubai’s economic development.

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