Emirates NBD Partners with Siemens to Boost Green Infrastructure Funding in UAE
The agreement marks the outcome of a strategic collaboration that blends finance, technology, and sustainability in support of the UAE's Net Zero by 2050 Strategic Initiative. It introduces a unique credit framework and a tailored suite of financing tools designed to fund green projects from initial installation through their full lifecycle, including decarbonisation efforts.
Siemens approached Emirates NBD to help design the structural, technical, and administrative backbone of the agreement. The result is a forward-looking financial model that enables greater access to capital for sustainable infrastructure.
Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD, said the deal reflects the bank's commitment to supporting the UAE's climate ambitions and deepening partnerships with global firms that share its ESG values. 'By working closely with Siemens, we're unlocking new opportunities in energy efficiency and sustainable technologies,'
he said.
Helmut von Struve, CEO of Siemens in the UAE, emphasised the importance of speeding up implementation of existing energy-efficient technologies to meet global climate targets. 'Decarbonising infrastructure is essential to the energy transition,'
he noted.
The partnership reinforces both organisations' roles in driving sustainable innovation and creating scalable solutions for the UAE's evolving green economy.
News Source: Emirates News Agency
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The national plan charts out the UAE's strategic development scheme which aims to build a sustainable, diversified and high value-added economy that positively contributes to transition to a new global sustainable development paradigm.
