Dubai South, Emirates NBD partner to simplify SME onboarding

By Aarav Garg

Dubai South has signed a memorandum of understanding with Emirates NBD to support small and medium-sized enterprises (SMEs) operating within its ecosystem, with a focus on improving access to banking services.

The agreement was signed by Saif Al-Ali of Dubai Aviation City Corporation and Hamad Mohamed Zayed, Group Head of Business Banking at Emirates NBD. It is aimed at simplifying financial onboarding and enhancing service delivery for businesses based in Dubai South.

Nabil Al Kindi, Group CEO of Dubai South, said, “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.”

Under the partnership, Emirates NBD will introduce streamlined processes for opening corporate bank accounts, alongside tailored banking solutions aligned with SME requirements. The initiative is intended to reduce friction in accessing financial services, a key challenge for early-stage and growing businesses.

Hamad Mohamed Zayed, Group Head of Business Banking at Emirates NBD, said, “Emirates NBD continues to play a significant role in Dubai 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. 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 collaboration reflects a broader push towards digitised onboarding and integrated financial services within business ecosystems. Faster account setup and customised solutions can help SMEs manage cash flow, payments and operations more efficiently.