NBF And GENAVCO Partner On Equipment Financing Solutions In UAE

Dubai (PlantAndEquipment.com) - GENAVCO, a division of Juma Al Majid Holding Group, and National Bank of Fujairah have inked a strategic collaboration agreement to provide financing options to companies in the construction, logistics, infrastructure, and industrial sectors.

The deal, which was inked during Make it in the Emirates 2026, intends to increase consumer access to banking and equipment financing services.

As part of the cooperation, NBF will provide financing for GENAVCO-supplied commercial vehicles, construction equipment, mining and quarry equipment, and industrial equipment.

Additionally, the partnership will investigate financing initiatives aimed at enhancing affordability and meeting working capital needs for companies in important industries.