DP World, a multinational logistics company based in Dubai, and Emirates Development Bank (EDB) have come together and signed an agreement to provide SMEs in the UAE with access to trade financing at competitive rates. This will be done through the trade financing platform of DP World with the aim of accelerating the growth of SMEs while also facilitating economic growth and diversification in the UAE. Meanwhile, DP World’s digital platform strives to improve relations amongst exporters, importers and logistics firms with financial institutions from across the globe while also providing new solutions that will also facilitate digitisation of the trade ecosystem.
