Dubai Airport Freezone woos German investors

DUBAI — The Dubai Airport Freezone organized a seminar in Frankfurt as part of a drive to woo German investors to the freezone.

By Issac John

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Published: Fri 26 Nov 2010, 11:15 PM

Last updated: Mon 6 Apr 2015, 11:34 AM

During the event, German businessmen were briefed on the immense commercial opportunities in Dubai. The investors were also informed of the Freezone’s exponential growth taking advantage of its suitable location in the centre of Dubai adjacent to the Dubai international airport.

Ibrahim Ahli, Director of Marketing and Corporate Communications in Dubai Airport Freezone, which was named the “Best Freezone in the Middle East region and 2nd in the world by the premier Foreign Direct Investment Magazine, explained the services provided in the Freezone, its future expansion plans, the advantage of setting up a business in Dubai Airport Freezone and the excellent world class facilities and the big international corporations presently operating at the Freezone.

“Over 100 businessmen and corporate representatives from various industries have attended the seminar with lots of enquires about the incentives and business environment the Freezone provides,” he said. Ahli explained the current strength of Dubai’s economy and the UAE as a whole, by pointing to the great performance of this area over the past few years. “Germany has led European countries in recovering from the recession and the big demand for German automobiles by newly prosperous economies such as India, China,” said Ahli.

Dubai has become a vital trade centre for all the companies that look forward to work in the Gulf region as it ensures safety, security, stability and transparency in laws and legislation.

Ahli explained companies were attracted to Dubai Airport Freezone by benefits offered to investors such as no import duties, tax exemptions and investments’ incentives.

As a matter of fact, this area has its unique position as the only Freezone located near the international airport, which attracts all the companies working in the export and re-export trade using air freight services.

“Over 1,450 international companies currently operate at the Freezone. In terms of the investments in this area, 38 per cent was from Europe and 37 per cent from the Middle East and GCC,” Ahli said.

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