Ras Al Khaimah Economic Zone (RAKEZ) has entered into a strategic alliance with the Commercial Bank of Dubai (CBD) to provide RAKEZ clients with quick and convenient access to the bank’s products and services.
A Memorandum of Understanding (MoU) was signed by Ramy Jallad, Group CEO of RAKEZ, and Dr. Bernd van Linder, Chief Executive Officer of CBD.
The reports say that through this partnership, RAKEZ clients will be able to conveniently and quickly open business bank accounts and get access to innovative financing solutions with personalized services through dedicated CBD relationship managers.
Jallad said, “we aim to make everything quick and easy at every aspect, and adding CBD to our growing list of strategic partners is another leap towards this objective”, reported sources.
Bernd van Linder remarked: “Start-ups and SMEs are the backbone of our economy, and the UAE Government has placed considerable emphasis on developing the SME ecosystem and boosting SMEs’ contribution to the UAE’s economy.
He was quoted saying that, “we are proud to partner with Rakez and to back the ambitions of Rakez’s clients, by providing these businesses with the financial support they need to accelerate their growth”.
He noted that the agreement will also make it easier to do business in Ras Al Khaimah and will facilitate convenient access to financial services for SMEs, said reports.
