The United Arab Emirates (UAE) became the EBRD’s 72nd shareholder when it became a full member of the Bank in September 2021.
Its joining the EBRD set the stage for new investment opportunities across the Bank’s regions.
The UAE government applied for EBRD membership in September 2020, expressing its wish to contribute to the Bank’s operations. This first step towards membership was approved by our Board of Governors in January 2021.
The UAE is an important business and knowledge hub. Its membership will open further opportunities for impact across the EBRD regions, benefiting many of the economies where the Bank invests.
The UAE will not become an EBRD country of operations.
The value of joint UAE-EBRD investment stood at €3.32 billion as of February 2023. EBRD finance accounted for €1.59 billion, and UAE investment accounted for €1.74 billion.
The joint investment has been in Egypt, Türkiye, Turkmenistan, Azerbaijan, and in regional projects. Broken down by industry, joint UAE-EBRD investment has been in the following sectors: industry, commerce and agribusiness, sustainable infrastructure, and financial institutions.
Since inception, the Trade Facilitation Programme has supported 356 export and import transactions for British companies for a total €506.21 million, for transactions which were initiated by banks in the EBRD countries of operation and confirmed by banks in both the United Arab Emirates and abroad. Eighteen UAE banks and branches of banks have joined the programme as Confirming Banks (all figures as of December 2022).
From 2018 to 2022, entities from the UAE wow5 7 consultancy contracts worth €3,481,357.00.