The National Bank of Fujairah has announced the signing of a memorandum of understanding with the Free Trade Zone Authority of Umm Al-Quwain. This strategic collaboration aims to enhance the quality of banking services offered to businesses operating in the northern emirates of the UAE.
As part of the agreement, the National Bank of Fujairah has been designated as one of the preferred banking partners for the Free Trade Zone Authority of Umm Al-Quwain. This underscores the bank’s strong commitment to supporting small and medium-sized enterprises as well as licensed entities registered with the authority. The partnership will facilitate a more organized and efficient process for onboarding and opening bank accounts, ensuring that businesses have access to tailored financial solutions that promote growth and investment.
Services
Adnan Anwar, the CEO of the National Bank of Fujairah, stated: “Through this partnership, we aim to streamline the service experience for companies operating in Umm Al-Quwain, providing them with the essential support and resources for prosperity and success. Our collaboration with the Free Trade Zone Authority reflects our ongoing commitment to fostering economic growth and empowering small and medium-sized enterprises across the UAE.” The National Bank of Fujairah has dedicated banking teams to support the authority’s clients, providing a quicker account-opening process and specialized support for registration activities. Furthermore, the bank will share its extensive expertise through knowledge-sharing sessions and training programs for the authority’s teams, ensuring seamless coordination and exceptional service delivery.
Johnson George, the general manager of the Free Trade Zone Authority of Umm Al-Quwain, expressed: “We are pleased to collaborate with the National Bank of Fujairah, a trusted financial institution with a proven track record in supporting businesses. This agreement will enhance our clients’ experience by delivering seamless and integrated banking solutions, alongside professional guidance from experts.”