Abu Dhabi Department of Economic Development (ADDED) has launched the ‘Business Financing Facilitation Platform’ to enhance manufacturers’ access to financing and achieve the objectives of the Abu Dhabi Industrial Strategy (ADIS).
This move aims to strengthen the Emirate’s position as the region’s most competitive industrial hub. The platform is a new addition to the Financial Ecosystem Program, designed by ADDED’s Industrial Development Bureau (IDB) to serve as a gateway for industrial investors, offering streamlined access to diverse financing solutions and products.
According to the statement, it enhances the efficiency of the financial process, allowing investors to choose tailored services and products from a wide range of financial and banking partners with just a few clicks.
IDB has partnered with multiple public and financial and development institutions, including the Abu Dhabi Securities Exchange (ADX), Abu Dhabi IPO Fund (ADIPOF), Khalifa Fund For Enterprise Development, Emirates Development Bank (EDB), and Strategic Development Fund (SDF).
In addition, the Financial Ecosystem Program’s partners include export agencies such as the Etihad Credit Insurance (ECI) and Abu Dhabi Export Office (ADEX) and 14 leading banks.
Mr. Arafat Al Yafei, Executive Director of the IDB, said that, “The platform provides a unified platform enabling industrial investors to connect with multiple agencies, ensuring a seamless user experience and enhancing their access to finance. It aligns with the broader objectives of ADDED to develop the industrial sector, which plays a vital role in Abu Dhabi’s next phase of economic diversification.”
A key component of ADIS, the ‘Financial Ecosystem Program’ underscores the Emirate’s commitment to developing the industrial sector and enhancing its competitiveness, Mr. Al Yafei added.
The Program is part of the initiatives devised by ADDED’s Industrial Development Bureau (IDB) to develop the industrial sector’s value chain through a transformational program.
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