The Economic Security Centre of Dubai, the Dubai Free Zones Council, and Emirates NBD have signed a Memorandum of Understanding (MoU) to enhance the investor experience and reinforce Dubai’s position as a global business hub.
The MoU was signed by Dr. Abdullah Mohammed Al Ghafri, Deputy Chief Executive Officer of the Economic Security Centre of Dubai; Abdullah Al Banna, Head of the Licensing Committee at the Dubai Free Zones Council; and Clyde Miranda, Group Head of Retail Banking and Wealth Management Governance at Emirates NBD.
The agreement underscores Dubai’s commitment to advancing its economic model, enhancing regulatory efficiency, and sustaining the competitiveness of its thriving free zones ecosystem.
By aligning public sector oversight with private sector banking expertise, the initiative is designed to streamline key processes and remove operational bottlenecks faced by investors.
The signing ceremony was witnessed by senior officials, including Faisal bin Sulaitin, Chief Executive Officer of the Economic Security Centre of Dubai; Dr. Juma Al Matrooshi, Assistant Secretary-General of the Dubai Free Zones Council; and Marwan Hadi, Group Head of Retail Banking and Wealth Management at Emirates NBD.
Faisal Bin Sulaitin CEO Economic Security Center of Dubai
“This MoU represents a pivotal strategic step towards deepening institutional integration among the entities that enable Dubai’s business and investment ecosystem. He reaffirmed the center’s ongoing commitment to advancing a secure, resilient, and sustainable economic ecosystem anchored in innovation, operational excellence, and transparency.”
Key objectives of the partnership include:
Streamlining investor onboarding: Accelerating bank account opening procedures for free zone investors.
Leveraging digital solutions: Integrating emerging technologies to improve operational efficiency and regulatory compliance.
Enhancing data exchange: Facilitating secure sharing of information to support transparency and best practices.
Strengthening Dubai’s competitiveness: Improving ease of doing business and investor confidence in the emirate.
Collectively, the partnership reflects Dubai’s strategic vision to foster a seamless, secure, and innovation-driven investment environment—further consolidating its status as a leading global destination for business and capital.
