Credit By: News Time
In a momentous development at the Sharjah International Book Fair, Sharjah Publishing City Free Zone (SPC Free Zone) and The National Bank of Ras Al Khaimah (RAKBANK) have solidified a strategic partnership through the signing of a Memorandum of Understanding (MoU). This collaboration, announced at the world’s biggest book fair, marks a significant milestone in the realms of publishing and business development.
Empowering Businesses within the SPC Free Zone
The partnership is designed to empower businesses within the pioneering publishing-free zone by providing them with access to an extensive range of banking services and financing options. SPC Free Zone members will benefit from innovative offerings, including the RAK starter Account tailored for startups, the Business Current Account for seamless fund access, and RAK elite Business, offering priority banking services at preferential rates.
Additionally, entrepreneurs within the SPC Free Zone can leverage collateral-free Business Loans, Point of Sale Finance, Term and Working Capital Finance, Real Estate Finance, Asset-Based Finance, and Cash Management Services – all at competitive rates. This collaboration underscores a joint commitment to nurturing entrepreneurship and fostering growth within Sharjah’s dynamic business ecosystem.
A Landmark Moment for Sharjah Publishing City Free Zone
Mansour Al Hassani, Acting Director of SPC Free Zone and Director of Publisher Services at the Sharjah Book Authority (SBA), emphasized the significance of this partnership in shaping the future of Sharjah Publishing City Free Zone. He stated, “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.”
The collaboration is poised to provide SPC Free Zone members with a suite of banking solutions and financial support, setting the stage for unprecedented innovation and growth in the publishing and business sectors.
Dhiraj Kunwar, Managing Director of Business Banking at RAKBANK, highlighted the bank’s vision to support startups and champion entrepreneurship locally. He commented, “Through this MoU, we hope to bring key incentives and affordable financing solutions to the SPC Free Zone business community, reflecting our integral role as one of the leading SME banks in the country.”
SPC Free Zone, a subsidiary of the Sharjah Book Authority (SBA), stands as the world’s pioneering publishing free zone, offering multifaceted business setup and licensing services. This strategic agreement reaffirms SPC Free Zone’s commitment to becoming a global hub for the publishing and content creation industry.
As the Sharjah International Book Fair captivates the literary world, the partnership between SPC Free Zone and RAKBANK adds a compelling layer of innovation and financial support to this extraordinary event, marking an exciting chapter in the evolution of Sharjah Publishing City Free Zone.
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