Deutsche Bank and Jebel Ali free Zone (Jafza) has announced the signing of a memorandum of understanding (MoU) to support the Free Zone’s current and future clients.
Through this MoU, Deutsche Bank will be able to support Jafza’s clients with the arrangement of facilities and any other banking related services.
This includes assisting in the account opening process, providing access to Deutsche Bank’s international branch network, offering international trade and other risk mitigation solutions and producing online banking solutions for companies to manage their accounts in multiple countries.
Salma Ali Saif bin Hareb, CEO, Jafza and Economic Zones World. said: “Jafza prides itself in providing the highest level of services to its customers to help them expand their global reach. Our MoU will make Deutsche Bank’s premier banking facilities available to our customers and assist them with their banking requirements around the world. We are pleased to be associated with a global organization of Deutsche Bank’s status.”
Harold Leenen, regional head of global transaction banking for MEA at Deutsche Bank, said: “We are pleased to enter this MoU with Jebel Ali Free Zone. It is the beginning of a long-term partnership, which aims to provide a unique value proposition to Jafza’s multinational clients and support the expansion of the Free Zone's client franchise, especially into Africa and Asia-Pacific. At Deutsche Bank, we are committed to provide innovative and tangible services to our clients. We are proud to be recognized as a reliable partner, offering comprehensive product packages that meet individual client needs.”
Jafza, one of the world’s major free zones, was established in 1985. It is today home to over 7,300 companies, including more than 120 of the Global Fortune 500 enterprises from across the world. It is a major driver of the burgeoning UAE economy.
Deutsche Bank, Jafza sign deal
Deutsche Bank, Jafza sign deal
LuLu marks Founding Day with ‘Made in Saudi’ campaign
The Ministry of Industry and Mineral Resources honored LuLu Hypermarket in recognition of its pivotal role as the exclusive retail partner of the “Najoud Bikhairna 2026” initiative, commending its continued efforts in supporting and empowering national industries while showcasing the quality and competitiveness of locally manufactured products.
The initiative, led by the ministry in partnership with the Saudi Export Development Authority, represented by the Made in Saudi program, stands as a pioneering model of public-private sector collaboration in activating community-driven initiatives with sustainable impact. Through this program, more than 280,000 Saudi-made products were distributed to 10,000 families across various regions of the Kingdom during the holy month of Ramadan, reinforcing the presence of national products and strengthening the values of social solidarity among individuals and institutions alike.
The ministry’s recognition of LuLu Hypermarket coincided with the official launch of its Saudi Founding Day celebrations at the Dharat Laban branch in Riyadh, marked by the unveiling of a comprehensive promotional campaign dedicated to Saudi-made products. On this occasion, a wide range of special offers was introduced on local products, available across all LuLu Hypermarket branches throughout the Kingdom.
The inauguration ceremony was attended by Mohammed bin Dayel, general supervisor of the Made in Saudi program at the Saudi Export Development Authority, and Mohamed Haris, director of LuLu Saudi Arabia, alongside members of LuLu’s executive management team. The event featured a ribbon-cutting ceremony to officially open the specially designed Founding Day gateway.
Following the inauguration, guests toured several dedicated zones and exhibitions highlighting national products. The tour commenced at the grocery and “Made in Saudi” consumer goods sections, showcasing the diversity and quality of local brands. It also included the “Made in Saudi” dates pavilion, presenting a premium selection of the finest locally sourced dates in celebration of one of the Kingdom’s most iconic national symbols.
The visit continued to the fruits and vegetables section under the theme “From Our Land,” featuring an exceptional assortment of Saudi agricultural products, reflecting the richness and excellence of the local agricultural sector. Guests also explored the LuLu private label corner, which features products exclusively manufactured within the Kingdom for LuLu, reaffirming the company’s commitment to supporting local manufacturing.
The tour concluded with a presentation of “Made in Saudi” products within the chilled and frozen categories, underscoring the rapid growth and qualitative advancement of the Kingdom’s food manufacturing sector, and further reinforcing the strong market position and competitiveness of Saudi products.
