Dubai: Dubai South has signed a strategic Memorandum of Understanding with Emirates NBD to support the financial growth of SMEs within Dubai South and facilitate access to a range of banking services. The MoU was signed by Saif Al-Ali, Director of Licensing and Free Zone Management at Dubai Aviation City Corporation, and Hamad Mohamed Zayed, Group Head of Business Banking at Emirates NBD.
According to Emirates News Agency, the partnership will enable companies to benefit from streamlined processes for opening corporate bank accounts and tailored banking solutions that meet evolving business needs. This collaboration aims to make business easier within Dubai South by providing faster and more efficient access to essential financial services, reinforcing its commitment to a business-friendly environment.
Nabil Al Kindi, Group CEO of Dubai South, emphasized the importance of the collaboration, stating that it reflects their mandate to support entrepreneurs and SMEs by providing an integrated ecosystem that promotes business growth, operational efficiency, and long-term success. By facilitating seamless access to banking services, Dubai South enables its business community to focus on growth and expansion, aligning with Dubai's vision to strengthen its position as a global business hub.
Hamad Mohamed Zayed, Group Head of Business Banking at Emirates NBD, highlighted the bank's commitment to offering a seamless end-to-end banking experience for SMEs and other businesses operating out of Dubai South. He noted that this partnership contributes to Dubai's vision to double its economy by 2033 and solidify its position as one of the top three economic cities globally.
