In a significant boost to the UAE’s industrial decarbonisation agenda, Emirates NBD has announced a new structured green financing facility for Arabian Gulf Steel Industries (AGSI), enabling the company to expand its low-carbon steel production capacity. AGSI Green Finance, headquartered in Abu Dhabi’s industrial cluster, is recognised for operating one of the world’s lowest-emission, carbon-neutral steel plants, with proprietary processes designed to minimise energy intensity and eliminate fossil-fuel dependency in core stages of manufacturing. The banking group’s financing package aligns with its broader commitment to channel capital toward environmentally sustainable projects under the UAE’s Net Zero 2050 Strategy, particularly in heavy industries where clean-energy innovation remains critical. Senior bank officials described the facility as “a strategic investment into the future of climate-responsible manufacturing,” while AGSI leadership said the funding arrives at a moment when global demand for green steel is accelerating faster than supply pipelines can meet. UAE’s Green Industrial Policy Gains Momentum The UAE has identified green industrial transformation as a strategic economic pillar, with steel—one of the world’s highest-emission sectors—being a priority for clean-technology investment. AGSI Green Finance facility expansion contributes directly to the national industrial strategy “Operation 300bn,” which aims to elevate advanced manufacturing’s share of GDP through sustainable production methods. Policymakers have repeatedly emphasised that global competitiveness increasingly depends on low-carbon credentials, especially as Europe and Asia prepare for stricter environmental border-adjustment mechanisms. Emirates NBD’s involvement reflects the financial sector’s growing alignment with these national ambitions. The bank has already earmarked billions in sustainable financing commitments …