EDB partners with AD Ports to enhance UAE’s indu..


Emirates Development Bank (EDB) has inked a memorandum of understanding (MoU) with the Industrial Cities and Free Zone Cluster of AD Ports Group to provide financial solutions for the industrial sector in Abu Dhabi and the UAE. Under the agreement, EDB will serve the industrial players of the AD Ports’ ecosystem in Khalifa Industrial Zone Abu Dhabi (KIZAD) and ZonesCorp to strengthen their ability to grow and expand, state-run news agency WAM reported on Thursday. The financial solutions will be invested in constructing new factories, in addition to purchasing or leasing existing facilities as well as acquiring, upgrading, and maintaining the units’ physical assets. said: said: He added: