Sharjah: Sharjah Publishing City Free Zone (SPC Free Zone) and the National Bank of Ras Al Khaimah (RAKBANK) have signed a Memorandum of Understanding (MoU).
This partnership signifies a memorable milestone in the world of publishing and business development. The signing took place during the Sharjah International Book Fair, which is attracting readers at the Sharjah Expo Center until November 12 and is acknowledged as the biggest book fair in the world in terms of publishing rights.
By providing access to a comprehensive suite of banking services and financing options, this collaboration aims to enhance the financial capabilities of businesses operating within the world’s pioneering publishing free zone. These offerings include the innovative RAKstarter Account for startups, the Business Current Account for easy access to funds, and the RAKelite Business, providing priority banking services with preferential pricing.
This strategic partnership underscores the commitment to nurturing entrepreneurship and fostering growth within Sharjah’s dynamic business ecosystem.
Mr. Mansour Al Hassani, Acting Director of SPC Free Zone and Director of Publisher Services at the Sharjah Book Authority (SBA), stated that, “This new alliance signifies a pivotal moment for Sharjah Publishing City Free Zone, reinforcing our dedication to nurturing talent and fostering a thriving business environment. This collaboration will provide our members with an array of banking solutions and financial support, setting the stage for unprecedented innovation and growth in the publishing and business sectors.”
Mr. Dhiraj Kunwar, Managing Director of Business Banking at RAKBANK, pointed out that, “The collaboration with Sharjah Publishing City Free Zone is a natural next step in how RAKBANK seeks to constantly provide SMEs with the financial solutions and digital services they need. Our vision is to further support startups and championing entrepreneurship locally. Through this MoU, we hope to bring key incentives and affordable financing solutions to the SPC Free Zone business community, which reflects our integral role as one of the leading SME banks in the country.”
The signing of this strategic agreement represents an exciting chapter in the evolution of the SPC Free Zone and is a testament to its mission to become a global hub for the publishing and content creation industry.