Dubai South Signs Emirates NBD Deal to Support SMEs and Business Banking

DUBAI, UAE – Dubai South has signed a strategic Memorandum of Understanding with Emirates NBD aimed at supporting the financial growth of SMEs operating within the master development and improving access to essential banking services.

The agreement 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 MoU, Emirates NBD will support companies through streamlined processes for opening corporate bank accounts, alongside tailored banking solutions designed to respond to evolving business requirements.

The collaboration is intended to further enhance ease of doing business within Dubai South by enabling faster and more efficient access to financial services, reinforcing the district’s wider positioning as a business-friendly environment for entrepreneurs and enterprises.

Nabil Al Kindi, Group CEO of Dubai South, commented, “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, said, “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. Ultimately, this partnership directly contributes to Dubai's vision to double its economy by 2033 and solidify its position as one of the top three economic cities globally.”

The agreement reflects Dubai South’s continued efforts to strengthen the support ecosystem available to businesses within its community, particularly SMEs, while aligning with the broader economic and business development objectives of the emirate.