BOI Chairman Haroon Sharif pointed out that the Gwadar
Free Zone did not fall under the Special Economic Zone Act of 2011.
Al Mannai said that the EA was keen to sell the seized cargo of Ajman
Free Zone in accordance to the best standards, which will ensure that the
free zone will witness attractive returns, as well as provide bidders the opportunity to purchase the cargo at competitive prices.
The UAE houses one of the highest number of
free zones globally at 45 with another 10 under construction.
According to Shoaib Alrahimi, VP Business Park
free zone at Dubai South, the
free zone model is vital to the development of the region as it offers an easy 'in' for investors.
The DFZ Council reviewed the updates on an initiative to create a centralised electronic system to streamline registration and licensing procedures that will link all the
free zones in Dubai to a data center under the supervision of the Council, and route orders to the concerned authorities for approval.
'Dubai Blink' will encourage more regional and international companies to establish their headquarters in Dubai's
free zones and accelerate their trade and investment flows through digital trading.
The UAE, which has one of the highest numbers of
free zones in the world, offers foreign investors 100 per cent foreign ownership in companies registered with any of these
free zones.
According to the MoU, DED will coordinate with each
free zone separately and agrees on all detailed matters related to the MoU, such as inspection procedures and fines.
It also reviewed the available investment opportunities in the Sultanate and the role of ports and logistic services in promoting businesses at the
free zones.
According to a report in the UAE state news agency WAM, the facility with 16 storage tanks, high-capacity pumps and other sophisticated equipment was inaugurated by Saud Salim Al Mazrouei, director of Hamriyah
Free Zone Authority (HFZA) and the Sharjah Airport International
Free Zone.
ISLAMABAD -- Ajman
Free Zone Authority has established its official presence in Pakistan by opening up an office in Karachi.
SHARJAH: Hamriyah
Free Zone Authority (HFZA) displayed its facilities at Big5 - International Building and Construction Show - which concluded in Dubai World Trade Center recently.
