Umm Al Quwain Free Trade Zone (UAQ FTZ) recently signed a strategic MoU with the National Bank of Umm Al Quwain (NBQ) to ease the Corporate Banking requirements of companies registered in UAQ FTZ forming a privileged circle of customers who can avail priority banking.
The bank offers a comprehensive and versatile suite of products and services for building the capabilities of SMEs, Startups and large businesses in the UAE.
Corporate accounts will be offered to all entities registered with UAQ Free Trade Zone across all business activities and license types. Responsible financial services that include transactions, payments, savings and credit from NBQ will help these businesses build their credibility.
“In today’s current challenging economic conditions, SMEs can get financial support and access to avail simple and NBQ’s convenient banking solutions that better suit their needs such as easy access to account opening services, loans, credit facilities, trade finance services, and other services,” commented Adnan Al Awadhi, CEO, NBQ.
“Helping businesses set up their operations in the UAE has always been our focus and this MoU would be a mark of our commitment to our members,” remarked Johnson George, General Manager, UAQ FTZ.
Just 30 min from Dubai, Umm Al Quwain Free Trade Zone is a fast-growing logistics and business hub in the MENA region offering more than 20mn sqft. of premium land for business operations with 8000+ companies and investors across 150 nationalities.