Dubai South, an urban master development focused on aviation, has signed a MoU with Emirates NBD to support SMEs and improve access to banking services within the development.

Under the MoU, Emirates NBD will provide support for companies setting up in Dubai South, including streamlined processes for opening corporate bank accounts.

It will also offer banking solutions tailored to business requirements.

The partnership aims to simplify access to financial services and reduce administrative barriers for companies operating within Dubai South.

Nabil Al Kindi, Group CEO of Dubai South, said:

“By facilitating seamless access to essential banking services, we are enabling our business community to focus on growth and expansion.”

Hamad Mohamed Zayed, Group Head of Business Banking at Emirates NBD, said:

“The bank is committed to delivering a seamless end-to-end banking experience that supports SMEs and businesses operating out of Dubai South, and caters to their evolving needs.”

Dubai South is a master-planned city built around an aviation and logistics ecosystem, anchored by Al Maktoum International Airport.

Featured image credit: Dubai South press release