Zand and DWTC Sign MOU to Advance Business Growth and the Digital Economy
20 May 2026, Dubai, United Arab Emirates – In a strategic partnership with the Dubai World Trade Centre (DWTC) Free Zone, Zand, an AI and blockchain-powered digital bank in the United Arab Emirates, will support the diverse business needs of companies operating within the free zone, with innovative digital banking solutions and financial services.
Under the partnership, eligible new and existing companies registered with the DWTC Free Zone would be able to benefit from faster service delivery time, streamlined processes, and more, with Zand’s advanced AI-driven technology.
Zand CEO Michael Chan said, “At Zand, we are thrilled to partner with the DWTC Free Zone, to accelerate business growth by leveraging the power of AI, innovation, and blockchain technology, across both DWTC Free Zone businesses, and the wider free zone. Together, this strategic partnership allows us to actively champion the goals of the Dubai Economic Agenda (D33). By fusing Zand’s innovative solutions with Dubai’s visionary landscape, we are empowering businesses to scale seamlessly, driving the targeted average annual AED100 billion contribution from digital transformation, and consolidating Dubai’s position among the top three economic cities in the world by 2033.”
Abdalla Al Banna, VP of Free Zone Regulatory Operations at DWTC Free Zone, said, “Dubai World Trade Centre Free Zone is committed to creating a business environment that supports innovation and the growth of the digital economy. Our partnership with Zand enhances the ecosystem available to companies within our free zone by providing access to digitally enabled banking solutions that support business growth and ease of operations. As Dubai continues to strengthen its position as a global hub for future-focused industries, partnerships such as this play an important role in creating an integrated and business-friendly environment for companies to establish and scale from Dubai.”