Can This New Partnership Boost SME Growth in Dubai?

Meydan Free Zone, known for its comprehensive business setup services in Dubai, has teamed up with Mashreq, one of the top financial institutions in the MENA region, to create a new partnership that’s focused on helping SMEs grow and succeed in Dubai. This collaboration marks a big step forward in supporting small and medium enterprises and reflects both organisations' commitment to fostering sustainable economic growth.

Essentially, Meydan Free Zone and Mashreq are combining their expertise to offer a wide range of services to businesses. This includes everything from company setup to instant bank account opening, visa and residency assistance, customs support for imports and exports, e-commerce solutions, and even digital payment gateways. With Mashreq’s tailored financial services, SMEs will have the support they need to establish themselves and thrive in Dubai.

The goal here is to build a strong ecosystem that empowers entrepreneurs and SMEs to expand their operations and contribute to the region's diverse and sustainable economy. As Mohammed Bin Humaidan, Director of Leasing and Licensing at Meydan Free Zone, said, this partnership is about creating an environment where SMEs can flourish, promoting sustainability, and boosting economic development.

Rajeev Chalisgaonkar, Head of Business Banking at Mashreq, echoed this by saying that the bank is dedicated to supporting entrepreneurs and startups with innovative solutions, and that this collaboration with Meydan Free Zone aligns with their vision of contributing to the dynamic economy of Dubai and the broader MENA region.

So, together, these two organisations are aiming to cultivate a thriving business environment that supports long-term growth for SMEs.