A financial partner committed to strengthening Fujairah’s growing stature as a leading energy hub

Fujairah is attracting the world’s leading fleet operators to seek it for bunkering services among others

NBF’s support for the oil and gas sector has grown alongside the progress of Fujairah as an energy hub. In 2016, the bank inaugurated its Fujairah Freezone branch, close to the Port of Fujairah, to enhance its geographic coverage for businesses within and outside the Free Zone and Port area. NBF is well-positioned to tap the exciting opportunities arising from Fujairah and the UAE for further success; it is already working with many offshore support and shipyards service players across Abu Dhabi, Dubai, and Sharjah that are critical to the region’s oil production.

being strategically located at the outer entrance of the arabian gulf, fujairah had over 14,000 vessels anchor in its waters last year. in addition to its robust and growing infrastructure, the emirate is raising its global profile by adopting information and market transparency measures to support decision-making of market participants. today, fujairah has reached a critical mass that is driving a steady improvement of service standards, which in turn is attracting the world’s leading fleet operators to seek it for bunkering services among others.

as a key supporter to the local community, national bank of fujairah (nbf) has been involved in contributing to the emirate’s success story since the beginning. it has funded the strategic oil terminal infrastructure and continues to cater to customers’ financial requirements in the energy and marine sector. in fact, nbf’s support for the oil and gas sector has grown alongside the progress of fujairah as an energy hub. in 2016, the bank inaugurated its fujairah freezone branch, close to the port of fujairah, to enhance its geographic coverage for businesses within and outside the free zone and port area.

plans are underway to further boost the emirate’s infrastructure with the fujairah port expansion project valued at dh1.8 billion. this will not only increase the port’s annual container handling capacity but also bring about a unique leap in the country’s economic and social development. by doing so, it will cement fujairah’s status as one of the world’s leading oil trading and bunkering hubs. with so much growth potential, nbf’s sectorspecific expertise is ready to support stakeholders and global investors eyeing the emirate’s vibrant energy trading hub.

with unmatched understanding of clients’ requirements in the energy and marine sector, nbf invests in dedicated relationship managers who can serve clients through the nbf treasury solutions to manage commodity volatility and financial markets risk. the bank also provides structured trade finance solutions to the oil trading firms with a robust understanding of the oil cycle and performance guarantee requirements in the industry that are customers of fujairah’s port and oil storage infrastructure. with expanded corporate finance capabilities, nbf’s experts can arrange larger transactions for acquisitions and project finance in the sector.

nbf is well-positioned to tap the exciting opportunities arising from fujairah and the uae for further success; it is already working with many offshore support and shipyards service players across abu dhabi, dubai, and sharjah that are critical to the region’s oil production. as the bank cements its position as the best financial partner for businesses in the uae, it remains committed to leveraging its energy and marine knowledge to support its home emirate in meeting its ambitious aspirations.