IFZA and RAKBANK: The Perfect Duo for Entrepreneurial Growth?

IFZA, Dubai's vibrant free zone community, has just partnered with RAKBANK to make business and banking smoother for entrepreneurs and businesses operating under IFZA. This partnership is designed to tackle key banking challenges, especially for SMEs, startups, and international businesses. Through this collaboration, businesses will have easier access to a variety of banking services, financial products, and expert advice, making the process more seamless.

During the official signing at IFZA's premises, Jochen Knecht, CEO of IFZA, expressed how excited they are about this partnership. He emphasised that it’s more than just business incorporation—it’s about empowering businesses with access to essential banking services, which can really help SMEs grow in today's fast-changing economy.

From RAKBANK's side, Nouwaf Mubarak Balaswad Mubarak AlDerei, Executive Vice President & Head of Business Banking Distribution, highlighted that this partnership aligns perfectly with their focus on supporting the UAE’s entrepreneurship ecosystem. With RAKBANK’s expertise in SME banking and IFZA’s holistic approach to business setup, they aim to make the entrepreneurial journey easier for startups and business owners.

This collaboration brings the strengths of both organisations together, with the ultimate goal of simplifying processes and helping businesses succeed in the long run.