https://arab.news/msg5e
- Incentives will be offered to businesses that meet the required criteria
DUBAI: HSBC is committing $5 billion of lending to support strong companies in the UAE seeking capital to fund global expansion.
Incentives will be offered to businesses that meet the required criteria, HSBC said in a statement.
These include green lending discounts and certifications, access to targeted growth programs, and trade-related benefits.
鈥淥ur research clearly indicates that UAE companies are ready to invest internationally and sustainably,鈥� said Abdulfattah Sharaf, CEO HSBC UAE. 鈥淥ur $5 billion commitment, between now and 2023, will support plans that strong companies have to enter new trade markets, re-engineer their supply chains, to innovate 鈥� and to play an active part in helping shape the nation鈥檚 future growth story.鈥�
Companies in the agriculture, education, financial technology, green energy, green transport, health care, trade, and urban design sectors are expected to benefit from the lending support, HSBC said.