UAE - Mubasher: HSBC is planning to provide $5 billion of lending to the companies in the UAE that seek new capital to expand their businesses globally.
Incentives will include green lending discounts and certifications, access to targeted growth programmes, and trade-related benefits such as green trade assessments and facilities, according to a recent press release.
A total of 81% of UAE companies aim to raise investment spending by the end of 2021, compared to 66% of companies globally, according to HSBC’s Navigator 2020 report.
Meanwhile, 90% of companies expect to expand international trade over 12-18 months versus 72% globally.
The CEO HSBC UAE and Head of International, Abdulfattah Sharaf, said: "Our research clearly indicates that UAE companies are ready to invest internationally and sustainably. Our $5 billion commitment, between now and 2023, will support plans that strong companies have to enter new trade markets, re-engineer their supply chains, innovate, and play an active part in helping shape the nation’s future growth story."
