What is the total amount EDB plans to inject into the UAE economy over the next five years?
UAE to Grow Asia, Africa Trade, Seek $150 Billion Investment
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The EDB plans to inject 30 million dirhams into the UAE economy over five years, focusing on advanced technology and SMEs. They aim to be involved in early-stage project development, particularly in Greenfield projects, and collaborate with local banks through credit guarantee and co-lending programs. Their goals include creating over 25,000 jobs and boosting GDP by 12.5 billion dirhams.
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5 questions
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1.
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2.
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Which sectors will the EDB's investment be focused on?
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3.
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How does EDB plan to collaborate with local banks?
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4.
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What is the expected job creation target for the next five years according to EDB?
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5.
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What are the anticipated GDP growth figures associated with EDB's investments?
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