Makkah's Tax authority said in a tweet that all those wishing to avail an exemption must get an approval from the airport's arrivals hall
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The event, attended by the Consul-General of Japan Daisuke Matsunaga and officials from the Japan External Trade Organisation and the Japan Business Council, aimed at further strengthening relations with Japanese investors, and providing information on the highly advanced, modern facilities and services provided by the Freezone.
“As the number one Free zone in the world, Dafza offers a wealth of opportunities to companies operating within the Freezone that Japanese investors can hugely benefit from. The state-of-the-art infrastructure and facilities we provide ensure that we make every effort to make our tenant’s investment profitable,” Dafza assistant director-general Nasser Al Madani said at the event.
“The event has been a great success for us in bringing together Japanese investors from across the UAE and in generating interest to start their business in Dafza. This helps Japanese businesses to meet their strategic business goals and also makes a positive impact in supporting the UAE’s in its mission to bring in foreign investment.”
“This event gave us a great platform to discuss strategic partnerships and allow the opportunity to exchange the technological know-how and best practices that Dafza offers being the fastest growing and the best free zone in the world,” Matsunaga said.
He also stressed that Japan is seeking to further strengthen the relations with the UAE through strategic business partnerships, saying: “It is the award-winning services of Dafza, and accommodative investment laws and legislation in the UAE that make it such a popular business hub amongst foreign investors to set up their Middle East headquarters in Dubai.”
In 2012, the UAE maintained its position as the largest market for Japanese products in the Middle East, with the value of bilateral trade rising by 37.58 per cent to $50.38 billion, compared to $36.62 billion in 2010. Exports to the UAE grew by 1.82 per cent to $7,466.13 million, while imports grew by 46.53 per cent to $42,912.73 million in 2011.
Asian companies in Dafza represent more than 17 per cent of the tenants, with Japanese companies representing more than 32 per cent of the Asian sector.
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