Dubai South has signed a strategic Memorandum of Understanding (MoU) with Emirates NBD to support the financial growth of small and medium enterprises (SMEs) operating within Dubai South and enhance access to streamlined banking services.
The agreement aims to strengthen the business ecosystem in Dubai South by enabling faster and more efficient access to corporate banking solutions, supporting entrepreneurs and SMEs in scaling their operations.
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.
Under the agreement, Emirates NBD will facilitate streamlined processes for opening corporate bank accounts and offer financial solutions in line with the evolving needs of businesses operating in Dubai South.
The collaboration is expected to improve the ease of doing business by reducing administrative barriers and accelerating access to essential financial services, further reinforcing Dubai South’s position as a business-friendly hub.
Nabil Al Kindi Group CEO Dubai South
“This strategic collaboration with Emirates NBD reflects our mandate to support entrepreneurs and SMEs at Dubai South by providing an integrated ecosystem that enables business growth, operational efficiency, and long-term success. By facilitating seamless access to essential banking services, we are enabling our business community to focus on growth and expansion. We remain focused on delivering an integrated ecosystem that supports our entrepreneurs and aligns with Dubai’s vision to strengthen its position as a global business hub.”
Hamad Mohamed Zayed, Group Head of Business Banking at Emirates NBD, noted that, “Emirates NBD continues to play a significant role in Dubai’s and the UAE’s progress in strategic sectors, reflecting its innovation and its role as a leading national bank in driving economic progress. The bank is committed to delivering a truly seamless end-to-end banking experience that complements SMEs and other businesses operating out of Dubai South and caters to their evolving needs.”
Dubai South is a master-planned urban development built around an integrated aviation and logistics ecosystem, anchored by Al Maktoum International Airport.
The development is supported by multimodal connectivity across air, land, and sea, creating a comprehensive environment for living, working, and business growth.
