First Abu Dhabi Bank Provides Financing Solutions Worth $1.36 Billion

The official news agency of the UAE, WAM, reported today that First Abu Dhabi Bank will provide financing solutions valued at five billion dirhams, approximately $1.36 billion, for local and foreign investors in the industrial and advanced technology sectors. It added that this initiative falls under a memorandum of understanding signed between the bank and the Ministry of Industry and Advanced Technology, under which the bank will offer competitive financing solutions worth five billion dirhams to support the "Make it in the Emirates" initiative.