Sharjah Publishing City Free Zone and Beehive forge partnership to enhance SME financing
A strategic collaboration between SPC Free Zone and Beehive, a digital financing specialist, extends comprehensive support to small and medium-sized enterprises seeking to expand and flourish within the emirate's thriving business ecosystem.
Sharjah Publishing City Free Zone has entered into a partnership with Beehive, a distinguished digital financing provider dedicated to serving small and medium-sized enterprises, to expand and enhance access to capital for businesses operating within the free zone. The agreement represents a meaningful commitment to supporting the growth ambitions of the region’s entrepreneurial community.
Through this collaboration, businesses within SPC Free Zone gain direct access to Beehive’s digital platform, enabling them to connect seamlessly with a diverse network of potential investors. Participating enterprises will benefit from an exclusive 15% discount on transaction fees, alongside dedicated follow-up support designed to streamline procedures and facilitate coordination throughout the financing process. Beehive, which operates as a subsidiary of Etisalat across the UAE, Saudi Arabia and Oman, brings considerable expertise in bridging the gap between ambitious businesses and the capital they require.
The Memorandum of Understanding was formalised by Saif Al Suwaidi, Director of SPC Free Zone, and Peter Tavener, Co-Founder and Chief Executive Officer of Beehive, signifying a shared commitment to fostering economic vitality and enterprise success.
The initiative addresses a crucial dimension of business development within the emirate. As enterprises navigate the complexities of scaling operations to meet expanding demand, access to flexible and responsive financing solutions becomes increasingly essential. This partnership extends beyond traditional free zone services of company formation and licensing, creating a holistic ecosystem where businesses can access capital solutions calibrated to their evolving requirements at each stage of their development journey.
Saif Al Suwaidi emphasised the significance of the partnership, noting that the capacity of businesses to expand remains a vital indicator of a robust and supportive business environment. He expressed SPC Free Zone’s commitment to continuously enhancing the range of services and partnerships available to licensed enterprises, enabling them to respond with agility to market opportunities and pursue ambitious expansion strategies.
Peter Tavener underscored Beehive’s dedication to simplifying and demystifying the SME financing experience, offering businesses a direct pathway to funding solutions that address both long-term growth ambitions and short-term operational requirements, including financing against unpaid invoices. The partnership embodies a mutual aspiration to empower UAE businesses to pursue their growth objectives with confidence and clarity.
Source: WAM