Emirates NBD has entered into a strategic partnership with Siemens to launch an innovative finance and resourcing agreement designed to accelerate the development and implementation of green infrastructure projects across the UAE.
The collaboration is in direct alignment with the UAE’s Net Zero by 2050 Strategic Initiative and represents a comprehensive convergence of finance, technology, and sustainability. Under the agreement, Emirates NBD has developed a unique credit framework and a suite of tailored financing tools to support green infrastructure projects from their initial installation through their full operational lifecycle, including decarbonisation efforts.
The bank was approached by Siemens to spearhead the administrative, technical, and structural design of the agreement. The result is a financing model intended to drive the adoption of sustainable technologies and facilitate long-term infrastructure investments in the region.
Commenting on the partnership, Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD, said, “This collaboration with Siemens underscores our continued commitment to support the UAE’s sustainability and decarbonisation goals. It also reflects our ambition to expand impactful partnerships with global industry leaders that share our ESG vision.”
He added that the agreement opens new pathways for innovation in energy efficiency and sustainable development by combining financial agility with cutting-edge technology.
Helmut von Struve, CEO of Siemens in the UAE, emphasized the urgent need to advance green infrastructure. “Decarbonising infrastructure is a critical part of achieving the energy transition. The technologies needed to make substantial progress already exist—what’s required now is faster implementation,” he said.
The partnership marks a significant step toward catalysing private sector participation in national sustainability efforts and reinforces the role of cross-industry collaboration in achieving global climate goals.
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