Meydan Free Zone signs MoU with ADIB

By Leandra Monteiro

Abu Dhabi Islamic Bank (ADIB), an Islamic financial institution, recently entered into a Memorandum of Understanding with Meydan Free Zone emphasising its commitment to promoting SMEs and promoting sustainability in the economy.

Through this partnership, trade license holders within the Meydan Free Zone will have access to ADIB’s diverse range of business banking products and services. This includes a wide selection of business accounts packed with great features and benefits, as well as a complete suite of digital banking solutions that have been tailored to meet the needs of SMEs. With this innovative collaboration, trade license holders within the Meydan Free Zone will be empowered to optimize their financial performance and reach their full potential.

Commenting on the partnership Hamed Ahli, Head of Meydan Free Zone said, “We are delighted to partner with ADIB in our efforts to stimulate the business environment in Dubai and boost the emirate’s competitiveness. Complementing the various existing initiatives of the Meydan Free Zone, this MoU unlocks new financing potential for companies seeking to grow from Dubai. Furthermore, through this partnership, we continue demonstrating our commitment to providing SMEs and entrepreneurs with ease at every step of their setup journey.”

This collaboration offers the trade license holders of Meydan Free Zone with unparalleled access to ADIB’s business banking products and services, where they aim to equip SMEs and start-ups with digital banking services, enabling them to meet their financial and business needs while contributing to the UAE’s pursuit of the thriving role of SMEs in the UAE economy.