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10/31/24, 9:35 AM Emirates Development Bank achieved impressive cumulative financing of AED12.9 bn by Q3 - Business - Economy and Finance -…

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Under the theme “Beyond the Horizon: Unlocking Dubai's Sustainable Future Through Unconventional Collaborations” the forum
featured three insightful panel discussions and a TED Talk-style session, which provided a key umbrella for attendees to explore the
vast possibilities of Dubai that can be unlocked by harnessing the emirate’s well-developed and tech-friendly infrastructure and
strengthen its position globally as one of the major manufacturing and exporting cities in the world.

This edition of EDB Connect serves as a pivotal opportunity for EDB and its stakeholders, as it continues to promote strategic
collaborations and partnerships among the emirate’s prominent market leaders. It also underscores the bank’s dedication to reinforcing

Dubai’s status as a global leader in impact investing and Industry 4.0.

Since announcing its strategy in April 2021, EDB has achieved an impressive cumulative financing of AED 12.9 billion, significantly
contributing to the nation’s GDP. Of this, AED 4.4 billion has been specifically allocated to the development and growth of Dubai’s key
sectors. This substantial investment highlights the bank's dedication to enhancing the UAE’s economic landscape and promoting
sustainable growth throughout the region.

Ahmed Mohamed Al Naqbi, Chief Executive Officer of Emirates Development Bank, emphasised the importance of EDB Connect as an
ideal platform to discuss economic trends, strategic partnerships and collaboration, and governmental incentive schemes that can
support local businesses and SMEs to upscale their operations and enhance their growth trajectory.

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

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