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Mohammed approves Dhs30 billion financial support for businesses

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, approved the Emirates Development Bank (EDB) Strategy to provide a sizeable Dhs30 billion financial support to businesses and start-ups in a major step to drive the national economy.

Launched to support “Operation 300bn,” the EDB Strategy aims to leverage the Bank’s role as a key driver of the national economy to provide the largest support network for the industrial sector.

Sheikh Mohammed Bin Rashid Al Maktoum said, “Advancing the national economy is a top priority that requires a joint effort of all our economic entities in the coming phase.”

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