Dubai Airport Freezone Authority bids to attract Singapore investors

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Dubai Airport Freezone Authority bids to attract Singapore investors
Jamal bin Marghoob, director, marketing and corporate communications at Dubai Airport Freezone Authority.

dubai - Singaporean firms among Asia-Pacific's top exporters to Dubai

By Staff Report

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Published: Wed 29 Jun 2016, 6:56 PM

Last updated: Wed 29 Jun 2016, 8:59 PM

Dubai Airport Freezone Authority (Dafza) recently concluded a seminar in Singapore to attract local investors to Dubai and build robust ties with the Southeast Asian country's growing business community.

Held in collaboration with the Singapore Business Federation, the seminar featured Dafza's incentives and benefits designed to support global businesses seeking to establish a market footprint in Dubai and the rest of the Mena region. It also served as an interactive platform to highlight Dubai's continuing progress to become one of the world's leading business hubs.

The forum was conducted to open doors for leading Singaporean firms to explore the benefits of building their presence in the free zone. This move is seen to significantly increase the number of Asia-Pacific companies currently operating in Dafza.

Singaporean firms, which are among the most active Asia-Pacific exporters to Dubai, are among the top countries in Dafza's Asia-Pacific companies. Singaporean companies from high-value industries, including electronics, jewellery and precious stones, food and beverages, pharmaceuticals, nutrition and medical products, and automobiles, are operating in Dafza to date.

Jamal bin Marghoob, director, marketing and corporate communications at Dafza, said: "Dafza supports Dubai's transformation into an investment-driven economy according to the government's initiative to diversify its economy away from oil dependence and establish diverse sources of income. The recently concluded seminar was another fundamental initiative to promote strong cooperation between the free zone and Singapore's flourishing business community. The event served as an ideal platform to highlight Dubai as a destination of choice among global investors and entrepreneurs planning to expand in the Mena region. Furthermore, we had an opportunity to discuss our offerings and prominent role in terms of helping enhance their respective businesses in Dubai. Through this latest forum, we are confident that we attained our goal of furthering Dafza's relations with Singapore's business community."

- business@khaleejtimes.com


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