GMIS, FAB to enhance SME’s access to finance, drive industrial growth

The Global Manufacturing and Industrialisation Summit (GMIS) announced on Thursday a partnership with First Abu Dhabi Bank (FAB), that will explore the latest trends and opportunities to improve access to finance for Small and Medium Enterprises (SMEs) and drive sustainable industrial growth both globally and in the UAE.
Through joint thought-leadership and knowledge exchange, FAB, the biggest lender in the UAE, will collaborate with the GMIS to highlight the SME sector’s economic potential and innovation capabilities to support industrial development, as well as advance the UAE’s digitalization progress as it prepares for the next 50 years, they said in a statement.
The GMIS-FAB partnership will also highlight the importance of ‘green finance’, which refers to financial products and services that can deliver long-term environmental benefits.
Hana Al Rostamani, Group CEO of FAB, said the UAE’s industrial and manufacturing base is future-focused and increasingly oriented towards global success.
“By working collaboratively, we are ensuring that these industries can compete in a global marketplace, and that they can contribute to building a sustainable national economy. At FAB, we are leveraging our industry expertise, global networks and innovative solutions to unlock new possibilities for the UAE’s makers,” he said.
Badr Al Olama, Head of the GMIS Organising Committee, said, “The FAB-GMIS partnership will also enable us to promote innovation and excellence across the UAE’s manufacturing ecosystem, and accelerate sustainable economic growth in the years to come.”
Taking place at EXPO’s Dubai Exhibition Centre, GMIS 2021 will be held alongside the six-day GMIS Week from November 22-27.