SPC Free Zone signs MoU with Mashreq to offer customers banking services 

By Arya M Nair, Intern Reporter
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Mashreq
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Sharjah Publishing City Free Zone (SPC Free Zone), has signed a Memorandum of Understanding (MoU) with Mashreq Bank, to offer priority access to banking services to its investors, startups, and business owners, and further drive the growth of the free zone.

Under the MoU, signed by Mr. Salim Omar Salim, Director, SPC Free Zone and Mr. Vikas Thapar, Head of Business Banking and NEOBiz, Mashreq Bank, the SPC Free Zone and Mashreq bank will collaborate to assist the free zone’s customers to open and manage bank accounts and gain easy access to an array of financial services offered by Mashreq. Customers from the SPC Free Zone will be given priority and their account opening will be expedited.

SPC Free Zone has been a vital player in bringing publishers from both sides of the world closer, accelerating the entry and expansion of industry players into the Gulf, Middle East, and North Africa (MENA) regions, leveraging Sharjah’s strategic location between east and west.

It provides enterprises with a beneficial free-zone business environment that includes 100 percent foreign ownership, world-class infrastructure with fully furnished office spaces, and extensive allied services such as printing, licensing, and distribution.

Salim Omar Salim
Salim Omar Salim
Director – SPC Free Zone

“This MoU reinforces our mission to encourage and support our investors in all aspects of their journey with us. We are constantly looking at new ways of supporting our investors and partners, and joining forces with Mashreq bank testifies to our commitment to provide them with one-stop solutions that combine value and service to facilitate their growth and expansion, in the UAE and beyond.”

“We are dedicated to aiding the ambitions of businesses, entrepreneurs and investors who set up base in our world-class free zone. From business licensing to fully-equipped office spaces, printing and packaging facilities, tax-free income, and more, we serve the interests of global businesses, and this new feature will help us serve our customers better,” Mr. Salim added.

Mr. Thapar said that “Mashreq has always been at the forefront of supporting SMEs and start-ups in the UAE. The partnership with SPC Free Zone reinforces our commitment to creating a favorable environment for businesses to flourish and drive social and economic development in the emirate. Our digital banking proposition will enable SPC Free Zone to further support and empower entrepreneurs and SME owners to meet all their banking requirements digitally.”

Related: UAE’s EDB, ADFD team up to offer novel banking solutions for businesses


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