Dubai Chambers and EDB be a part of forces to unlock progress alternatives for SMEs 

Dubai Chambers has signed a Memorandum of Understanding (MoU) with Emirates Growth Financial institution (EDB) to boost assist for startups and small and medium-sized enterprises (SMEs), offering better entry to financing and tailor-made banking options.

The settlement consists of funding for brand spanking new and current tasks, in addition to capital expenditure necessities, whereas additionally supporting the institution of recent companies in Dubai.

It additional allows the opening of financial institution accounts for native companies and multinational firms, together with SMEs, easing the setup course of within the emirate.

Dubai startup banking assist

Underneath the MoU, Dubai Chambers and EDB will cooperate on initiatives to strengthen competitiveness, foster progress, and increase alternatives for SMEs.

The partnership can even discover commerce finance options to assist companies with international enlargement plans, and ship value-added monetary companies to firms attracted by Dubai Chambers.

Khalid AlJarwan, Vice President of Business and Company Companies at Dubai Chambers, mentioned: “We stay dedicated to constructing a supportive enterprise surroundings that allows the expansion of firms of all sizes, with a concentrate on startups and SMEs.”

Shaker Zainal, Deputy CEO and Chief Enterprise Officer of EDB, mentioned: “By means of this MoU, Emirates Growth Financial institution will increase entry to tailor-made financing—together with working capital and CAPEX options—along with commerce finance assist and value-added banking.

“We can even leverage the EDB 360 digital banking platform to simplify onboarding and day-to-day banking for startups and SMEs.”

The partnership additionally considers preferential charges on checking account charges for Dubai Chamber of Commerce members, alongside alternatives for joint seminars and promotional roadshows to interact the broader enterprise group.

By combining the Chambers’ international community and EDB’s monetary experience, the collaboration strengthens the emirate’s place as a hub for enterprise progress, innovation, and worldwide funding.