Emirates Development Bank (EDB) has introduced the Emirates Growth Fund (EGF), a multi-million dollar equity platform aimed at boosting the expansion and global competitiveness of UAE-based SMEs that have annual revenues starting from $2.7m.
The fund provides capital and strategic support to high-potential companies in sectors including manufacturing, food security, healthcare, and advanced technology. It aims to drive sustainable growth and strengthen the country’s economic diversification.
The EGF supports the UAE’s industrial transformation and aligns with Operation 300bn, the national plan to increase the industrial sector’s GDP contribution to AED 300bn by 2031.
Gulf Economist Staff Writer