Etihad Water and Electricity (EtihadWE) has signed a strategic agreement with Ajman Bank to bolster cooperation in infrastructure development, sustainability and long-term growth across the Northern Emirates.
The deal, announced this week, aligns with the UAE’s wider national development priorities, particularly in enhancing resilience and efficiency in the utilities sector.
The signing ceremony was attended by Eng. Yousif Ahmed Al Ali, Chief Executive Officer of EtihadWE, and Mustafa Al Khalfawi, Chief Executive Officer of Ajman Bank, alongside senior representatives from both organisations.
Speaking at the ceremony, Eng. Al Ali said the partnership reflects a shared vision to accelerate infrastructure delivery.
“Joining forces with Ajman Bank supports our mission to accelerate the implementation of vital infrastructure projects across the Northern Emirates. By aligning financial expertise with operational strategy, we are better equipped to deliver sustainable, future-ready services that meet the evolving needs of our communities,” he said.
Under the agreement, the two institutions will work together to design innovative financing frameworks that enable timely project execution. Both parties stressed their commitment to ensuring resilience, operational excellence, and sustainable growth in line with the UAE’s long-term strategy.
Ajman Bank CEO Mustafa Al Khalfawi said the partnership illustrates the importance of collaboration between national entities in delivering development objectives.
“Our collaboration with EtihadWE reflects the power of alignment between national institutions working toward a common mandate. At Ajman Bank, we remain committed to enabling infrastructure that supports the UAE’s long-term development journey, delivers value to its people, and strengthens the foundations for future generations,” Al Khalfawi said.
The agreement underscores the growing role of public-private partnerships in the UAE’s economic landscape, particularly in driving forward critical infrastructure projects. By combining financial innovation with operational capacity, the two institutions aim to create models that ensure infrastructure projects are both timely and sustainable.
EtihadWE, a federal entity, is responsible for supplying water and electricity to the Northern Emirates. Its collaboration with Ajman Bank is part of a broader strategy to secure funding and expertise for projects that enhance the reliability of services, strengthen sustainability initiatives, and meet increasing demand.
Ajman Bank, one of the UAE’s leading financial institutions, has been expanding its role in supporting infrastructure and development projects. The agreement with EtihadWE highlights its ongoing contribution to building strategic partnerships that align with the nation’s vision.
Analysts view the collaboration as a significant step toward addressing infrastructure needs in the rapidly growing Northern Emirates. The partnership is expected to provide financial models that support large-scale, sustainable developments while reducing risks typically associated with infrastructure delivery.
The agreement further reflects the UAE’s commitment to fostering resilience and sustainability within its public utilities, reinforcing the importance of aligning financial and operational strategies in achieving national development goals.
