Sharjah24: At today's networking and collaboration session at Sharjah Research, Technology, and Innovation Park (SRTIP), Shaker Zainal, Chief Business Officer of Emirates Development Bank, highlighted the bank's significance. The event's goal was to involve both the public and commercial sectors in the Emirate of Sharjah.

Furthermore, Zainal told Sharjah 24 that the Emirates Development Bank is critical in helping small and medium-sized enterprises (SMEs) throughout the country. Industrial, healthcare, food security, innovative technology, and sustainability are the five main areas of concentration for the bank. He pointed out that Sharjah is at the forefront of several fields, including sustainability and food security (in particular, the agricultural sector).

According to Zainal, the Emirates Development Bank has a well-defined plan to invest 30 billion UAE dirhams in these five key areas. 

Given the importance of the industrial sector, the bank has signed a memorandum of understanding with Sheraa (Sharjah Entrepreneurship Centre) to investigate potential avenues of assistance for business owners seeking to launch manufacturing facilities. 

The bank is now carrying out initiatives in the agricultural sector. The Sharjah Chamber of Commerce and Industry, the Department of Economic Development, and the Ministry of Industry and Advanced Technology are all collaborators with the bank.