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Dubai free zones seek to attract FDI
Free zones are trying to ease the business set-up and reduce fees to attract FDI.
dubai - They are working to ease the business set-up and reduce fees
Key items on the agenda included easing the business set-up and reducing fees in free zones, new e-commerce regulations, assessment of the effectiveness of measures related to anti-money laundering and combating terrorism financing, as well as the Dubai Blink initiative.
Sheikh Ahmed bin Saeed Al Maktoum, chairman of Dubai Civil Aviation Authority, chief executive of Emirates airline and Group and chairman of DFZC said: "Over the past decades, free zones have been instrumental in increasing Dubai's GDP and FDI inflows that are experiencing high annual growth despite the prevailing global economic climate. Today, we see the emirate's free zones as more than just economic facilitators. Due to their legislative and investment incentives and through adopting strategic initiatives that shape the future of trade and economy to consolidate Dubai's status as an ideal business destination, they have evolved into globally competitive models."
He added: "Members of the DFZ Council place high importance on collaboration, innovation and integration that are essential prerequisites for success and progress. This approach has gone a long way towards enhancing the attractiveness of Dubai's free zones for investors and major international companies." - Wam
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