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Emirates NBD offers Expo 2020 business banking for UAE SMEs, startups

Emirates NBD offers Expo 2020 business banking for UAE SMEs, startups
The bank’s expo account will be available for all the registered entities on the Expo 2020 Dubai Online Marketplace
Emirates NBD
EMIRATESNBD
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Dubai - Mubasher: Emirates NBD, a Dubai-based leading bank and the official banking partner for Expo 2020 Dubai, on Monday unveiled a customised Expo 2020 Dubai business banking package for small and medium enterprises (SMEs) and startups in the UAE.

The bank’s expo account will be available for all the registered entities on the Expo 2020 Dubai Online Marketplace, according to a press release.

This announcement came in line with Emirates NBD’s strategic commitment to provide value-added products and services in a bid to support the growth of SMEs in the UAE.

The banking package aims to bolster the growth and development of registered companies to do business with Expo 2020 Dubai.

The package includes “preferential pricing and privileges on transactions, working capital, trade finance, foreign exchange, and commercial loans,” in addition to point of sale (POS) and e-commerce solutions, the release highlighted.

Abdulla Qassem, COO of Emirates NBD, said: “As the Official Banking Partner for Expo 2020 Dubai, Emirates NBD has a shared commitment to supporting SMEs and startups. 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.”

Moreover, Mukhtar Safi, CFO of Expo 2020 Dubai, said: “Our objective is to allocate 20% of Expo 2020’s direct and indirect spend to SMEs, because these companies form the backbone of any economy. The Expo 2020 Dubai 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.”

It is worth noting that over 200 countries, corporations, multilateral organisations, and educational institutions are expected to participate in Expo 2020.

Emirates NBD will offer a wide range of innovative financial products and solutions to the participants in Expo 2020 Dubai as a Premier Partner and the Official Banking Partner of the event.