Abu Dhabi: Emirates Development Bank [EDB], a key financial enabler of the country’s economic diversification and industrial transformation agenda, has won the 2021 ‘Ecosystem Enabler of the Year’ award at the Enterprise Agility Award Ceremony organised by Entrepreneur Middle East.
The accolade recognises EDB’s agility and nimbleness towards accelerating the industrial development, adoption of advanced technology, as well as supporting entrepreneurship, innovation and the In-Country Value proposition in the UAE. Ahmed Mohamed Al Naqbi, Chief Executive Officer of EDB received the award during the ceremony held at Sofitel Dubai The Palm.
Commenting on the award, Ahmed Mohamed Al Naqbi, said: “The Ecosystem Enabler of the Year award to EDB is a prestigious recognition for us. This award is a acknowledgment of our role and contribution to the UAE’s business community and the wider economy. Since the launch of our refreshed strategy earlier this year, we have believed that agility is a tenet that will help us to deliver on our strategy effectively and offer great value to our stakeholders. These awards solidifies our efforts and inspires us to build a long-lasting legacy as an enabler and engine of the UAE’s transformation agenda.”
The Enterprise Agility Awards honours businesses and individuals across the region for fostering innovation across different industries. The awards, is a production of BNC Publishing, which publishes Entrepreneur Middle East.
About Emirates Development Bank:
Emirates Development Bank [EDB], headquartered in Abu Dhabi, was established under Federal Law by Decree No. 07 of 2011 issued by His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE. It became operational in June 2015. The Bank unveiled its new strategy in 2021 reinforcing its identity as one of the key drivers of the UAE’s economic recovery. EDB offers financial and non-financial support to SMEs, startups and large corporates operating in strategic priority sectors in the UAE, as a step to boost their contribution to the country’s non-oil GDP. The Bank also provides home finance support to the UAE Nationals. EDB operates two branches in Abu Dhabi and Dubai.
