TechnoPark, the science and technology facilitator of Economic Zones World today signed a Memorandum of Understanding with Emirates Bank International PJSC (EBI).
The agreement nominates EBI as the Preferred Bank for businesses within TechnoPark to facilitate banking services and other facilities from EBI.
Hamad Al Hashemi, Managing Director TechnoPark, said at the signing:
“Emirates Bank’s eminent position in the banking industry and its distinguished track record make it the obvious choice as Preferred Bank for us. With this agreement, we have ensured that our clients and partners can avail the best of these award-winning services. Emirates Bank is well-recognised for its excellence in the regional financial services industry. The Bank’s dynamism and service-oriented approach matches TechnoPark’s own vision and mission, wherein the satisfaction of our clients and partners comes first. We are proud to be associated with a bank of such high calibre.”
Mr Abdul Wahed Al Fahim, General Manager Corporate Banking, Emirates Bank said:
“Emirates Bank is proud to be associated with TechnoPark in the capacity of Preferred Bank. At Emirates Bank, we aim to establish ourselves as partners in the progress of our clients by offering an integrated approach to rendering a gamut of banking services spanning the breadth of corporate, retail , financial, advisory and innovative solutions”.
Mr Rajan Khetarpal, Senior Manager & Head – Structured Finance & Syndications at Emirates Bank said:
“TechnoPark is fast emerging as one of the Middle East’s largest zones for manufacturing companies in various sectors and we are pleased to offer our services in this regard. We look forward to cementing a mutually beneficial relationship with TechnoPark, its clients and partners”.
Emirates Bank’s services include a gamut of corporate banking products, priority banking services and online transaction banking.
About TechnoPark
TechnoPark is a fully owned subsidiary of Economic Zones World. It symbolizes Dubai's vision to develop a knowledge-based technology-centric sustainable business hub, which will not only support the country's research and development needs in its core sectors but will also support the nation's long term economic development and growth.
TechnoPark is focused on Research, Development and Studies in the field of the country's core economic sectors viz. Energy, Desalination & Water Resource Management, Environmental Resource Management and technology driven knowledge based industrial development.
TechnoPark's R&D initiatives focus on nurturing business ideas or new technologies in respective areas, which could be quickly translated into real-world industrial / business operations. TechnoPark's Research and Development initiatives are also directed at improving the existing technologies in the country's core economic sectors to enhance their production efficiencies.
On the Web: www.techopark.ae
About Emirates Bank International
Emirates Bank International, headquartered in Dubai, UAE, was established in 1977, and is the largest bank in the Emirate of Dubai by assets. Listed on the Dubai Financial Market, the bank currently employs approximately 4,800 people. Outside the UAE, Emirates Bank International has branches in Saudi Arabia and the UK, and representative offices in Iran, India and Singapore.
Emirates Bank International offers wholesale banking and investment banking through its Corporate Banking Unit, retail banking through its branch network and its direct banking channel “meBANK” as well as treasury services.
Emirates Bank International also offers Islamic banking through Emirates Islamic Bank, asset management through Emirates Investment Services, brokerage services through Emirates International Securities, and card processing through Network International. In addition it has significant shareholdings in Union Properties (property development), and National General Insurance.
