Strategic Alliance Set to Accelerate Dubai’s Economic Vision

In a significant boost for Dubai’s digital economy, Zand, the UAE-based AI and blockchain-powered digital bank, has formed a strategic partnership with the Dubai World Trade Centre (DWTC) Free Zone. This collaboration aims to modernize financial services for companies operating within the free zone, aligning with Dubai’s ambitious D33 Economic Agenda.

The alliance will provide eligible businesses with access to Zand’s advanced digital banking solutions, streamlining onboarding processes and improving operational efficiencies through AI-driven automation. Companies can expect significantly faster service delivery times and enhanced account management capabilities compared to traditional commercial banking setups.

Driving Dubai’s Digital Transformation Goals

This partnership extends beyond simple financial utility; it serves as a core engine for Dubai’s broader economic policy objectives. By integrating free zone commerce with modern digital infrastructure, the initiative directly supports the D33 agenda—which targets an average annual AED 100 billion contribution from digital transformation.

“At Zand, we are thrilled to partner with DWTC Free Zone to accelerate business growth through innovation,” said Michael Chan, CEO of Zand. “By combining our technology with Dubai’s visionary landscape, we empower businesses to scale seamlessly and contribute to the emirate’s global competitiveness.”

Enhanced Ecosystem for Future-Focused Industries

The partnership creates a more integrated environment where companies can easily establish and expand their operations in Dubai. The DWTC Free Zone currently hosts over 2,500 companies representing diverse sectors, all benefiting from enhanced financial infrastructure.

“Our alliance with Zand provides access to digitally enabled banking solutions that support business growth,” commented Abdalla Al Banna, VP of free zone regulatory operations at DWTC Free Zone. “Such partnerships are essential for maintaining Dubai’s competitive edge and attracting international investment.”

Zand Bank holds an investment-grade BBB+ rating from Fitch Ratings and is fully licensed by the Central Bank of the UAE—demonstrating its commitment to both innovation and financial stability.