Dubai South, a significant urban development focused on aviation, logistics, and real estate sectors, has entered into a strategic cooperation agreement with Emirates NBD, a leading banking group in the Middle East, North Africa, and Turkey. This collaboration aims to bolster the growth of small and medium-sized enterprises (SMEs) within Dubai South and facilitate their access to a comprehensive range of banking services.
The agreement was signed by Saif Al Ali, Director of Licensing and Free Zone Management at Dubai Aviation City Corporation, and Hamad Mohammed Zayed, Head of Business Banking Group at Emirates NBD.
As part of the agreement, Emirates NBD is committed to assisting businesses by streamlining the process of opening corporate bank accounts and offering tailored banking solutions that address the evolving needs of these enterprises. This initiative is designed to enhance business readiness and enable firms to concentrate on expansion and growth.
This partnership aims to improve the business landscape within Dubai South by expediting access to essential financial services and enhancing procedural efficiency, reflecting Dubai South’s ongoing commitment to fostering a flexible and dynamic business environment.
Nabil Al Kindi, CEO of Dubai South, stated: “This strategic partnership with Emirates NBD demonstrates our dedication to supporting entrepreneurs and SMEs in Dubai South by providing an integrated ecosystem that facilitates their growth, enhances operational efficiency, and supports long-term business sustainability. By simplifying access to fundamental banking services, we offer our business community greater capacity to focus on expansion and achieving their objectives. We at Dubai South are persistently developing a comprehensive environment that supports entrepreneurs, in line with Dubai’s vision to establish itself as a leading global business hub.”
Key Role
Hamad Mohammed Zayed, Head of Business Banking Group at Emirates NBD, remarked: “Emirates NBD continues to play a pivotal role in the growth and advancement of Dubai and the UAE in strategic sectors, showcasing our innovations and position as a leading national bank in driving economic development. The bank is dedicated to delivering a seamless and integrated banking experience that meets the needs of SMEs and other businesses operating in Dubai South, in line with their growing requirements. Ultimately, this partnership contributes directly to Dubai’s vision of doubling its economy by 2033 and solidifying its position as one of the top three global economic cities.”
It is worth noting that Dubai South represents the largest integrated urban project in Dubai, centered around an aviation and logistics ecosystem that includes Al Maktoum International Airport. It is further supported by a multi-modal transport infrastructure that connects various air, land, and sea transport modes, creating a comprehensive environment for living, working, and conducting business.