Dubai South has signed a strategic agreement with Emirates NBD to strengthen support for small and medium-sized enterprises (SMEs) and improve access to financial services within its ecosystem.
The Memorandum of Understanding (MoU) focuses on simplifying banking processes for businesses operating in Dubai South, including faster corporate account opening and tailored financial solutions designed to meet evolving business needs.
The partnership is expected to enhance the ease of doing business in the district by removing operational bottlenecks and enabling companies to access essential banking services more efficiently.
Commenting on the collaboration, Nabil Al Kindi, Group CEO of Dubai South, said the agreement aligns with the organization’s broader objective of building an integrated ecosystem that supports entrepreneurs and SMEs. He noted that improving access to financial services will enable businesses to focus on growth and expansion while strengthening Dubai South’s position as a business hub.
From the banking side, Hamad Mohamed Zayed, Group Head of Business Banking at Emirates NBD, highlighted the bank’s role in supporting strategic sectors and driving economic progress. He said the partnership is designed to deliver a seamless end-to-end banking experience for businesses, particularly SMEs, while contributing to Dubai’s broader economic ambitions.
Dubai South, a master-planned urban development centered on aviation and logistics, anchored by Al Maktoum International Airport, continues to position itself as a key destination for businesses by offering integrated infrastructure and services.
The agreement reflects a wider push across the UAE to support SMEs, which are considered a critical pillar of economic diversification and long-term growth, particularly as the country works towards ambitious targets such as doubling its economy over the next decade.
