UAQ FTZ and NBF Sign MoU to Support Business Growth

Umm Al Quwain Free Trade Zone (UAQ FTZ) has signed a Memorandum of Understanding (MoU) with National Bank of Fujairah (NBF), marking a significant step toward strengthening banking access and financial support for businesses and investors across the Northern Emirates.

The MoU establishes a strategic framework for cooperation aimed at enhancing the overall investor experience by improving banking accessibility, supporting smoother account opening journeys and introducing tailored financial solutions that align with the needs of entrepreneurs, SMEs, and growing companies operating within the free zone ecosystem.

Through this collaboration, UAQ FTZ and NBF will work together to streamline key touchpoints that matter most to new and expanding businesses, including guidance on banking requirements and improved coordination to help reduce delays and improve efficiency. The agreement also reflects a shared commitment to enabling businesses to operate with greater confidence, supported by reliable financial services and responsive banking solutions.

UAQ FTZ continues to focus on building partnerships that strengthen the wider business environment and support sustainable growth. By collaborating with established financial institutions such as NBF, UAQ FTZ reinforces its mission to create a more supportive and practical ecosystem for investors choosing the Northern Emirates as a base for their operations.

This MoU represents another positive step in UAQ FTZ’s ongoing efforts to develop strategic alliances that benefit the business community and contribute to long-term economic development across the region.