In the United Arab Emirates (UAE), several development financial institutions play a crucial role in supporting economic growth, diversification, and sustainable development. Some of the key development finance institutions in the UAE are:
Emirates Development Bank (EDB) – Focuses on financing and supporting SMEs and large corporates across various sectors including healthcare, advanced technology, manufacturing, renewables, and food security
Abu Dhabi Fund for Development (ADFD) – Provides financial assistance to both national and international projects, focusing on infrastructure, economic development, and social welfare
Khalifa Fund for Enterprise Development – Supports entrepreneurs and SMEs in the UAE through funding, training, and advisory services to promote innovation and entrepreneurship
Dubai SME – A division of the Department of Economic Development, it offers support to small and medium enterprises in Dubai through financial grants, business development programs, and strategic partnerships
Mubadala Investment Company – Although primarily a sovereign wealth fund, Mubadala invests in various sectors within the UAE to drive economic diversification and growth
Dubai Future Foundation – Aims to shape the future of strategic sectors in partnership with the government and private sector, focusing on innovation and technology
Noor Dubai Foundation – Focuses on healthcare and combating preventable blindness and visual impairment globally, including projects within the UAE
Masdar (Abu Dhabi Future Energy Company) – Specializes in renewable energy and sustainable urban development projects both domestically and internationally
These institutions collectively contribute to the UAE’s vision of economic diversification and sustainable development by providing financial support, fostering innovation, and promoting entrepreneurship across various sectors.