Emirates NBD Announces a Customized Expo 2020 Dubai Business Banking Package for SMEs and Start-up Companies in the UAE
The competitive package also
includes preferential pricing and privileges on transactions among others
Emirates NBD, one of the leading
banks in the UAE and the official banking partner for Expo 2020 Dubai, today
announced a customized Expo 2020 Dubai business banking Media Marketing Dubai package for the
small and medium enterprises (SMEs) and startup companies in the UAE.
All business entities that are
registered on the Expo 2020 Dubai Online Marketplace can have Emirates NBD’s
Expo 2020 Dubai Account.
Expo 2020 Dubai Online Marketplace is a
powerful online platform that allows companies to find new opportunities
globally, market their businesses and associate with the World Expo and its
network of partners and suppliers.
This package involves favorable
pricing and privileges on transactions, trade finance, working capital, FX and
commercial loans aimed to support the growth and development of companies
registered to do business with Expo 2020 Dubai.
Abdulla Qassem, Group Chief
Operating Officer, Emirates NBD, said: “As the Official Banking Partner for
Expo 2020 Dubai, Emirates NBD has a shared commitment to supporting SMEs and start-ups
for find a job in Dubai. Our new business
banking package is designed to support these businesses in leveraging the
opportunities presented by this mega-event, in line with the three key
subthemes of the event: Opportunity, Mobility and Sustainability.”
Emirates NBD Expo 2020 Dubai
Account instills a variety of advantages for business entities such as there
will be no minimum average monthly fees for the first year; the lowest minimum
average balance requirements is just AED 10,000; preferential pricing for
banking transactions, FX and telegraphic transfers (TT); the Trade Finance
support will be provided Dubai Vacancies
for short term financing requirements; working capital support and commercial
loans at appealing terms; POS (point of sale) and e-commerce solutions will be
facilitated via Network international which is the pioneer in payment solutions
in the Middle East and Africa and is the official Merchant Acquirer Partner of
Expo 2020 Dubai.
Mukhtar Safi, CFO, Expo 2020 Dubai, said: “In collaboration
with our partners, we are committed to empowering companies of all sizes to
take advantage of the many commercial opportunities offered by a World Expo.
SMEs are playing an essential role in the delivery of Expo 2020, so we are
delighted that Emirates NBD has created this innovative product, which will
enable UAE-based firms registered on the Online Marketplace to benefit from
preferential banking options.”
“Our objective is to allocate 20
percent of Expo 2020’s direct and indirect spend to SMEs because these
companies form the backbone of any economy. The Expo 2020 Dubai Careers Online Marketplace will
contribute to the World Expo’s long-term economic impact, helping to further
strengthen the UAE’s position as a global commerce hub,” he added.
There are more than 200
participants including countries, corporations, educational institutions,
multilateral organizations that will be taking part in Expo 2020 Dubai. The
Online Marketplace offers an incredible opportunity for all types of businesses
to showcase their Business in Dubai expertise
and products to Expo, its participants, partners, licensees, major contractors
and other registered companies operating worldwide.
Emirates NBD’s announcement today
is in line with the strategic commitment of offering value-added services and
products that help to grow the young businesses in the UAE. Emirates NBD will
provide the key financing support and advisory to the SMEs and startups that
are contributing to the UAE economy and help them greatly by enhancing their
business growth.
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