Saturday, May 2

Business

DAMMAM: The vast industrial city, known as MODON, situated in the industrial patch of land lined by warehouses and factories in Dammam has a new factory in town. 

“This project aims to deploy various measures to mitigate flooding along the Mukungwa River,” explained Davis Bugingo, Manager of the Flood Management and Water Storage Division at the Rwanda Water Resources Board

In 2023, Emirates Development Bank EDB’s contribution to the UAE’s industrial GDP surged by 80 per cent, reaching Dh4.3 billion from Dh2.4 billion on 2022 and bringing the total loans financed by the Bank to Dh8.7 billion since the launch of its strategy in 2021, a senior official said.

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