Dubai International Growth initiative
The Dubai International Growth initiative allocates AED 500 million to accelerate the expansion of small and medium-sized enterprises (SMEs) established in Dubai into global markets.
Aligned with the objectives of the Dubai Economic Agenda D33 to double the size of the economy, the initiative is open to all SMEs founded in Dubai, irrespective of the nationality of the owner. The initiative will focus on key strategic sectors of the emirate.
Emirates NBD Bank will provide financing to eligible companies at competitive rates, charging the Emirates’ Interbank Offered Rate (EIBOR) with no additional margin. A joint steering committee will be established, comprising representatives from the Government of Dubai and Emirates NBD, responsible for guiding the initiative, selecting eligible SMEs, overseeing the implementation and ensuring its success in meeting the emirate's strategic objectives.
Updated On :
29 Oct 2024
