Kuwait, 7 March 2024: Kuwait International Bank (KIB) announced the signing of a strategic partnership agreement between KIB Mubader Center, which specializes in incubation services, business acceleration, and entrepreneurship training for owners of small and medium-sized enterprises (SMEs), and Paydo, a leading company in the field of technical and logistical services for e-commerce.

Commenting on the new agreement, Mohammad Al-Huwaidi, Head of Mubader, said: “This strategic partnership aligns with the visions of both companies to support sustainable economic development and to achieve Kuwait's goal of becoming a leading financial and commercial hub. Furthermore, this collaboration is expected to have a significant positive impact on the region, representing an important step towards empowering small and medium-sized enterprise owners by offering them opportunities to develop their projects and enhance their managerial and technical skills.”

With the main goal of presenting SMEs with a comprehensive ecosystem of services, KIB Mubader Center will leverage its expertise in incubation and business acceleration. It will offer consultations specialized in entrepreneurship and training, in addition to utilizing the advanced logistical solutions available through the Paydo platform in the e-commerce sector.

Through this significant initiative, KIB Mubader Center will create a supportive environment for entrepreneurs and innovators, encompassing incubation and business acceleration opportunities supported by Paydo's e-commerce, technical, and logistical services. These include efficient order execution and delivery, as well as after-sales services. This collaboration will facilitate sales and logistical operations for SMEs, bolstering growth and innovation in this crucial sector.

It is worth noting that KIB established KIB Mubader Center as a supportive and trustworthy partner for Kuwaiti entrepreneurs. In its pursuit to refine the skills of entrepreneurs and their projects in Kuwait, the Bank offers a premium selection of integrated educational and training tools. These tools are enriched with comprehensive knowledge content, specially prepared by KIB in collaboration with international partners in relevant fields. Moreover, the center provides essential support throughout the entrepreneurs' financial and business journey, addressing all stages of their projects, in addition to offering all the banking services needed to meet their requirements.