Commercial Bank of Dubai (CBD) has entered into a strategic partnership with Siemens Energy, providing the energy giant with an AED 550 million bilateral credit facility to bolster its growing portfolio of projects in the UAE. The deal underscores CBD’s commitment to driving business expansion in the energy sector and enhancing its position as a key financial enabler for multinational corporations operating in the region.
This significant transaction marks a strategic milestone for CBD, cementing its role as a preferred banking partner for global leaders in the energy industry. With this facility, Siemens Energy will be better equipped to advance its regional projects and navigate the rapidly evolving energy market in the Middle East.
“CBD is pleased to extend this bilateral credit facility to Siemens Energy, a key player in the energy sector,” said Dr. Bernd van Linder, CEO of CBD. “This partnership demonstrates our financial strength and our ability to support global corporations in their growth ambitions, reinforcing our position as a trusted banking partner in the UAE.”
The credit facility also highlights Siemens Energy’s ability to leverage flexible financial solutions to drive growth. “Financial resilience and strategic flexibility are essential to delivering on our commitments and advancing the energy transition,” said Robert McAnally, Head of Treasury and Corporate Finance at Siemens Energy. “This facility enhances our ability to navigate a dynamic industry and support the evolving energy landscape, particularly in the Middle East – one of the world’s fastest-growing energy markets.”
By providing tailored financial solutions to Siemens Energy, CBD continues to align with its strategic vision of enhancing market presence and driving economic progress in the UAE. As a critical pillar of the nation’s economy, the energy sector remains a core focus for CBD, whose collaboration with Siemens Energy further reinforces its role in supporting key industries and driving innovation in the region.
