EDB Champions AgriTech Innovation and Food Security at Global Vertical Farming Show in Dubai

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• The Emirates Development Bank (EDB) highlighted its commitment to food security and agricultural innovation at the 5th Global Vertical Farming Show in Dubai.

• Since April 2021, EDB has invested AED 945 million in the UAE’s food security sector and launched a specialised AgriTech Loans Program to support advanced farming technologies.

• CEO Ahmed Mohamed Al Naqbi emphasised the importance of technological advancements and sustainable food production in reshaping agriculture and reinforcing national resilience.

• EDB introduced its AGRIX accelerator program at the event, which aids the UAE’s National Food Security Strategy 2051 by providing agribusinesses with innovative solutions and training.

The Emirates Development Bank, EDB, a key driver of economic and industrial growth in the UAE, has reaffirmed its commitment to enhancing food security and agricultural innovation at the 5th Global Vertical Farming Show in Dubai.

Since April 2021, EDB has provided AED 945 million in financing to support the UAE’s food security sector. As part of its broader efforts, the bank launched a specialised AgriTech Loans Program last year to promote the adoption of advanced farming technologies and precision agriculture.

His Excellency Ahmed Mohamed Al Naqbi, CEO of EDB, highlighted the UAE’s leadership in agricultural transformation, stating: “Technological advancements and sustainable food production are reshaping agriculture, and EDB is committed to fostering growth in this critical sector.” He also stressed that innovative agricultural financing is essential to national resilience.

At the event, EDB’s Chief Business Officer, Shaker Zainal, and Vice President of MSMEs, Abdulla Al Hamed, emphasised the importance of flexible financing for agritech startups and SMEs, showcasing EDB’s role in closing the financing gap for businesses in the sector. 

Read Also: Dubai to Host 5th Global Vertical Farming Show: A Premier Event for Sustainable Agriculture Innovations

The bank’s AGRIX accelerator program, which supports the UAE’s National Food Security Strategy 2051, was also introduced, providing agribusinesses with cutting-edge solutions and training for sustainable farming.

By offering tailored financing solutions and championing innovation, EDB is shaping the future of food security in the UAE and beyond.