Make it in the Emirates 2026 Day 2: MoIAT Secures AED18 Billion in Financing Commitments for the Industrial Sector
Mashreq Bank, Dubai Islamic Bank and Emirates Development Bank have committed AED10 billion, AED2 billion, and AED6 billion, respectively, to support the growth and competitiveness of the UAE’s industrial sector.
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The UAE Ministry of Industry and Advanced Technology (MoIAT) has secured AED18 billion in financing commitments to help manufacturers expand production and adopt advanced technologies. The announcement was made on the second day of Make it in the Emirates 2026 in Abu Dhabi.
Under the signed Memoranda of Understanding (MoUs) with the ministry, Mashreq Bank will provide AED10 billion over five years, while Dubai Islamic Bank will provide AED2 billion.
Emirates Development Bank has separately allocated AED6 billion as part of its ongoing partnership with MoIAT.
“These partnerships reflect our approach to translating industrial strategy into action at scale and speed — strengthening ties with leading national financial institutions to support sustainable industrial growth and enhance supply chain resilience,” H.E. Hasan Jasem Al Nowais, Undersecretary of MoIAT, said.
Under the agreement, Mashreq Bank will offer financing products including green loans, sustainability-linked loans, supply chain financing programs, trade finance services and advisory support, aimed at supporting industrial exports through its international network.
“The UAE’s ambition to lift the industrial sector’s GDP contribution to AED 300 billion by 2031 is one of the most defining economic transformations of this decade and Mashreq is fully committed to supporting this goal,” Ahmed Abdelaal, Group CEO of Mashreq, said.
Meanwhile, Emirates Development Bank CEO Ahmed Mohamed Al Naqbi said the AED6 billion allocation is intended to “support manufacturers in scaling their operations, enhancing competitiveness, and expanding into new markets.”
Saud Al Jassim, Head of Business Banking at Dubai Islamic Bank, also reaffirmed its commitment to supporting national objectives and industrial enterprises through Sharia-compliant banking solutions.
The UAE Ministry of Industry and Advanced Technology (MoIAT) has secured AED18 billion in financing commitments to help manufacturers expand production and adopt advanced technologies. The announcement was made on the second day of Make it in the Emirates 2026 in Abu Dhabi.
Under the signed Memoranda of Understanding (MoUs) with the ministry, Mashreq Bank will provide AED10 billion over five years, while Dubai Islamic Bank will provide AED2 billion.
Emirates Development Bank has separately allocated AED6 billion as part of its ongoing partnership with MoIAT.
Entrepreneur Middle East Staff
Entrepreneur Staff
