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INFRASTRUCTURAL DEVELOPMENT - FREE ZONES

Jebel Ali Port receives four of world's largest quay cranes

Posted on 17/12/2013

Four of the largest and most modern Ship To Shore (STS) quay cranes have arrived at DP World's new Jebel Ali Container Terminal 3 (T3), due to open next year. This is the first batch of 19 quay cranes due to be delivered in the next few months and installed on the 1,860 metre long and 17 metre deep quayside at the 4 million TEU (twenty-foot equivalent unit) capacity terminal. They join the first four of 50 Rail Mounted Gantry (RMG) cranes that arrived there last month. Each quay crane is ...  >>MORE

Jafza seeks to attract more Asian auto majors into the Free Zone

Posted on 11/12/2013

Jebel Ali Free Zone (Jafza), the flagship free zone operation of Economic Zones World (EZW), will be participating in Automechanika Shanghai 2013, being held at Shanghai New International Expo Centre from December 10-13 in China. Jafza will be highlighting Middle East's rapidly growing automotive markets at the international trade fair for automotive parts, equipment and service suppliers. Jafza, as the Middle East region's trade and logistics hub, seeks to attract more Chinese and other Asian ...  >>MORE

JafzaOne phase 1 completed

Posted on 25/11/2013

The complex is ready to be leased out to customers and Jafza will soon start accepting down payment, the free zone officials said at a news conference. It will be ready for delivery on December 1, 2014, they added. Designed to be one of the UAE's landmark structures, JafzaOne is a self-contained business hub, providing companies with a single location for all their business needs. "We are going according to our plan and nothing stopped us,” Talal Al Hashemi, chief operating officer said. He ...  >>MORE

DAFZA announces new initiatives to international partners and business consultants for 2014

Posted on 30/10/2013

Dubai Airport Freezone (DAFZA) yesterday announced a series of brand new initiatives to its network of global business consultants, who are responsible for bringing many of DAFZA's most prestigious international clients to Dubai. At a ceremony held at the Burj Al Arab Hotel, DAFZA congratulated their overseas partners and introduced them to several innovative changes, such as its first ever mobile app, which provides users with access to more than 120 services including new business enquiries ...  >>MORE

Al Zarooni highlights success of Dubai's Free Zones at Latin American Conference of Free Zones in Puerto Rico

Posted on 28/10/2013

Dr. Mohammed Al Zarooni, Vice-Chairman and CEO of Dubai Silicon Oasis Authority (DSOA) and Director- General of Dubai Airport Free Zone, provided insights on the fundamental concept and future development of Dubai's free zones to participating delegates at the 15th Latin American Conference in Ponce, Puerto Rico, that ran from October 23-25. Addressing an elite audience including members of the National Association of Foreign Trade Zones and the Association of Free Zones of the Americas from ...  >>MORE

Jafza launches Mobile App

Posted on 08/10/2013

Jafza, the world's fastest-growing free zone, announced the launch of its electronic services on mobile devices, with the introduction of the Jafza Mobile App. The app, which is available for iPhone, Android and Blackberry platforms, brings Jafza's electronic services to the palms of its customer's hands round-the-clock. Salma Ali Saif bin Hareb, Chief Executive Officer of Economic Zones World, the parent company of Jafza, said: "Jafza is at the forefront of Dubai and the UAE's drive for ...  >>MORE

DMCC now largest FZ

Posted on 22/09/2013

The Dubai Multi Commodities Centre, or DMCC, Free Zone is now the UAE's largest free zone with over 7,330 active registrations. With an average of 200 companies choosing to join the DMCC each month and a 94 per cent retention rate, the centre also remains the UAE's fastest-growing free zone. Ahmed bin Sulayem, executive chairman of the DMCC, said: "We are now the UAE's largest and fastest-growing free zone with over 7,330 active member companies; we remain committed to further growth in ...  >>MORE

Government entities in Abu Dhabi discuss transition to the new Sky City at Abu Dhabi Airport

Posted on 14/09/2013

The Department of Economic Development - Abu Dhabi recently held in its headquarters a coordination meeting that was attended by 40 persons from a number of government agencies and regional and international companies operating in Abu Dhabi, specialising in logistics services sector in order to discuss the challenges of moving to the new Sky City at Abu Dhabi Airport. During the meeting, called for by the Logistics Support Unit s at the DED's Planning and Statistics Department, attendees ...  >>MORE

Dubai Airport Freezone sustains strong economic ties between UAE and Australia

Posted on 31/08/2013

The Dubai Airport Freezone (DAFZA) is to host three seminars in Melbourne, Adelaide and Brisbane to highlight the UAE's strong economic ties with Australia. The seminars, organised by the Arab-Australia Chamber of Commerce in each state, will discuss the benefits of investing in Dubai, specifically DAFZA. The seminars come at an appropriate time, as it has recently been revealed that in 2011-12, two-way merchandise trade between Australia and the UAE was worth over AU$ 5.9 billion. Of this, ...  >>MORE

Jafz gets 300 new investors

Posted on 12/08/2013

Nearly 300 local and foreign investors joined Jebel Ali Free Zone in the first half of 2013 to push the total number of companies operating in the region's largest free zone to more than 7,000 for the first time, an official was quoted on Sunday as saying. Jebel Ali, served by the world's largest man-made port, had around 6,750 companies at the end of 2012, making it's the largest free zone in the oil-rich Gulf. "The zone attracted around 300 new companies in the first half of 2013 to push ...  >>MORE

RAK FTZ posts 70% YoY increase in new company registrations

Posted on 01/08/2013

Ras Al Khaimah Free Trade Zone (RAK FTZ) - one of the most cost-effective and business-friendly freezones in the UAE - on Wednesday reported a 70 per cent year-on-year (YoY) increase in new company registrations for the first half of the year ended June 30, 2013. A record-breaking 1,994 new companies have joined RAK FTZ in the first six months of 2013, a substantial increase over the 1,170 companies registered in the same period in 2012. Revenues from the new company registrations have ...  >>MORE

Philippines seeks to strengthen commercial relations with JAFZA

Posted on 16/07/2013

A Philippine Government delegation comprising Grace Princesa, Ambassador of the Republic of Philippines to the UAE and Frank Cimafranca, the Consul-General, visited JAFZA recently, meeting with Ibrahim Mohamed Al Janahi, Deputy CEO and Chief Commercial Officer, to discuss opportunities to further strengthen bilateral trade relations between the two countries. In the discussions, officials on both sides reiterated the need to strengthen Philippines-JAFZA trade ties, which effectively means ...  >>MORE

Dubai Airport Freezone sustains strong economic ties between UAE and South Korea

Posted on 24/06/2013

Dubai Airport Freezone (DAFZA) recently hosted two seminars in Seoul and Busan to maintain the United Arab Emirates' strong economic ties with South Korea. The seminars discussed the benefits of investing in Dubai, specifically DAFZA, and were held in the Chambers of Commerce and Industry in each city. The seminars were attended by more than 100 representatives from the private and public sectors. This comes at an appropriate time as the UAE-South Korea trade through the free zones areas ...  >>MORE

UAE's Dubai Airport Freezone ranked 1st in the Middle East by fDi

Posted on 22/06/2013

Dubai Airport Freezone (DAFZA) has once again been awarded the title of the top Middle East Free Zone of the future 2013/14 by the Foreign Direct Investment (fDi) Magazine biannual Ranking. This is the third time in sequence DAFZA to be named the fDi's Middle East of the Future including the years 2011, 2012 and 2013. DAFZA is recognized as a world leader in providing quality services and infrastructure to its tenants, attracting foreign investment to the region as well as strengthening its ...  >>MORE

ADDED signs cooperation agreements with Khalifa Industrial Zone (Kizad)

Posted on 01/06/2013

Abu Dhabi Department of Economic Development (ADDED), represented by its two affiliates, the Abu Dhabi Business Center, and the Industry Development Bureau, at the Press Club of ADDED's Headquarters, signed two cooperation agreements for cooperation with "ZonesCorp" and Abu Dhabi Ports Company at "Kizad". The agreements aim at strengthening coordination and cooperation to simplify, facilitate and develop procedures for obtaining business and industry licenses and improve services for investors ...  >>MORE

Tecom unveils new operational structure

Posted on 22/05/2013

Tecom Investments, a subsidiary of Dubai Holding, announced on Tuesday a new operational structure to enable the company to further focus on its core business of developing and operating business parks. According to Tecom, the implementation of a new structure comes at a time when the region's macroeconomic fundamentals are increasingly positive, offering an opportunity for it to ensure it is strongly positioned to capitalise on Dubai's future growth prospects. In 2010, Tecom, a diversified ...  >>MORE

Jafza - DP World's US$30m infrastructure project on track

Posted on 20/05/2013

The US$ 30 million Jafza - DP World joint project to build a new Gate 4 and restructure Roundabout 6 is moving on track. The initiative, launched in September 2012, is scheduled to finish and become fully functional in the first quarter of 2014. On completion, the project is expected to make the traffic flow and the connectivity to and from the Free Zone smooth and seamless. The new Gate 4 will put in place 16 lane entry and exit facility to enable smooth passage. Gate 4 at present provides ...  >>MORE

Dafza seeks to attract Chinese investment

Posted on 08/05/2013

Dubai Airport Freezone (Dafza) hosted a seminar in Shanghai, China, to showcase the benefits of investing in Dubai and specifically Dafza to representatives from major Chinese companies looking to enter the Middle East and North African market. Jamal bin Marghoob, Director of Marketing and Corporate Communications department, Dafza, said, "China is a world leader and has seen rapid economic growth, putting it in an excellent position for foreign investment, with regards to the distribution of ...  >>MORE

Kizad awards Dh100 million pre-built warehousing contract to System Construct

Posted on 08/04/2013

Khalifa Industrial Zone Abu Dhabi (Kizad), the new industrial and logistics zone situated next to Abu Dhabi's Khalifa Port, yesterday announced the award for construction of phase 1 of its pre-built warehousing (PBWH), to System Construct LLC. The value of the contract is placed at just over Dh100 million with Kizad sources confirming that the delivery of the first units will be in Q4 of 2013. The PBWH project has been divided into three phases, with a total of 105 units, covering 118,965m2 ...  >>MORE

Kizad attracts added-value projects to the national economy

Posted on 24/03/2013

Abu Dhabi aims to attract new industrial projects that add value to the UAE national economy, Khaled Salmeen, CEO '&' Managing Director of the Khalifa Industrial Zone Abu Dhabi (Kizad), Khaled Salmeen, stated. Abu Dhabi, in the last two years, signed two Musataha contracts covering 27% of the total space allocated for industrial projects in the zone, an increase of 35% than the original intended space, he said in a press conference on the sidelines of the World Ports and Trade Summit 2013 ...  >>MORE

Jebel Ali Free Zone in high growth mode

Posted on 04/03/2013

Jebel Ali Free Zone (Jafza), the flagship Free Zone operation of Economic Zones World (EZW), has seen 454 multi-national companies joining the Free Zone in 2012, an increase of 26% on the number of new joiners, last year. The growth is quite significant especially that most of the new companies are large multi-nationals and market leaders in their respective fields. 27% of the new companies are from Europe, 25% from the GCC, 21% from Asia Pacific, 9% from Americas and 18% from Africa and West ...  >>MORE

SAIF ZONE launches 1st SEA 2013

Posted on 10/02/2013

Under the slogan "Your Commitment Deserves Recognition", Sharjah Airport International Free Zone Authority announced the launch of the first edition of excellence award (SEA). The award is one of SAIF ZONE's initiatives to enhance partnerships with investors in the free zone and reinforce competition among existing organisations by motivating them to develop the quality of their services and business mechanisms to serve the business community and help achieve the zone's strategic objectives of ...  >>MORE

Dafza trade volume rises to Dh164b in ’12

Posted on 16/01/2013

Dubai Airport Freezone, or Dafza, on Tuesday reported a record 73 per cent growth in trade volume and 26 per cent surge in sales revenue in 2012 compared to 2011. International firms registered at the freezone have collectively grown the value of their exported and imported goods by Dh164 billion in 2012, up Dh69 billion from Dh 95 billion in 2011, Dafza said in a statement. The total number of firms operating in Dafza currently stands at more than 1,600. In 2012, the airport free zone saw ...  >>MORE

Jafza posts 32% increase in the number of new companies in Q3

Posted on 19/12/2012

Jebel Ali Free Zone (Jafza), the flagship free zone operations of Economic Zones World (EZW), has seen continued growth in the number of new companies joining the Free Zone. At the end of Q3 the number of new companies that joined the Free Zone stood at 347. 28% of the new companies were from Europe, 23% from the GCC, 22% from Asia Pacific, 10% each from Americas and the Middle East and 7% from Africa. In terms of countries the largest chunk came from the UAE followed by India, United ...  >>MORE

Identifying priorities key to businesses: RAK FTZ

Posted on 25/11/2012

Ras Al Khaimah Free Trade Zone, or RAK FTZ — one of the fastest-growing and most cost-effective free trade zones in the UAE — recently organised a special business event for its clients in Dubai. The event showcased a series of presentations from prominent speakers, which shed light on key priorities in the changed business landscape across the region. It was attended by more than 400 clients of the free trade zone, from different industries such as trading, consulting, and industrial. Maryam ...  >>MORE

Jebel Ali Free Zone to contribute 20% to Dubai’s economy

Posted on 06/11/2012

Jebel Ali Free Zone, home to the largest port and free zone in the Middle East, contributes a fifth to Dubai's Dh300.83 billion economy, a top official said on Monday. "There are 6,700 companies based in Jebel Ali Free Zone, which collectively employ 170,000 people, of which 135,000 are directly sponsored by the companies based within the Free Zone,” Ebrahim Al Janahi, Deputy Chief Executive Officer of Jebel Ali Free Zone Authority (Jafza), told Gulf News on the sidelines of the Big 5 Show. ...  >>MORE

Ajman Free Zone Goes Google

Posted on 20/10/2012

Ajman Free Zone Authority (AFZA) has selected Google Apps to provide productivity and communications solutions to its 3,000+ corporate customers. Commenting on the decision, His Excellency Sheikh Ahmed Bin Humaid Al Nuaimi stated: "Our objective is to meet investor needs by facilitating business activity and providing a pro-business milieu for foreign direct investment. We are confident Google Apps will significantly improve collaboration, communication, and productivity within the free zone." ...  >>MORE

Dafza H1 revenues soar 82%

Posted on 30/09/2012

The Dubai Airport Freezone, or Dafza, has reported an impressive growth rate of 82 per cent in sales revenues for the first half of 2012, with a 90 per cent increase in rental of warehouse space, compared to the same period in 2011. As well as the increase in new tenants, the results show that during the first half of the current year there was an increase of eight per cent in requests for additional space requests, compared to same period in 2011. These requests were mostly made by European ...  >>MORE

UAE free zones prove attractive to global firms

Posted on 14/06/2012

Dubai Airport Freezone has been named the world's top economic cluster in a report by the Financial Times' Foreign Direct Investment (fDi) magazine. Jumeirah Lakes Towers (JLT) Freezone, was also ranked 11th globally in a strong showing by the UAE, which is still proving an attractive proposition for global companies keen to establish a presence in the region. The survey, which is carried out every two years, is based on several factors including growth and expansion plans, the presence ...  >>MORE

Jafz issues US$650m sukuk due 2019

Posted on 14/06/2012

Jebel Ali Free Zone FZE (Jafz) announced it has successfully priced the issuance of US$650m Sukuk Certificates due 2019, marking the company's first US dollar-denominated issuance and its first transaction in the international debt capital markets since 2007. The certificates pay a profit rate to investors of 7 per cent per annum. The proceeds of the sukuk will be used to partly refinance Jafz's outstanding Dh7.5bn sukuk due November 2012, ahead of the stated maturity. Jafz will also ...  >>MORE

Jafza to raise US$1.85b for redemption

Posted on 06/06/2012

Dubai's Jebel Ali Free Zone (Jafza) plans to raise US$1.85 billion towards the redemption of its US$2-billion Islamic bond this year by issuing another sukuk and obtaining an Islamic financing facility, a source familiar with the plan said on Tuesday. The source, who declined to be named ahead of any official announcement, said Jafza aimed to raise US$650 million from the new sukuk and US$1.2 billion from the Islamic facility. The Islamic facility is expected to be a borrowing arrangement ...  >>MORE

Jebel Ali Free Zone targets 400 new businesses by year's end

Posted on 30/05/2012

Companies operating out of the Jebel Ali Free Zone employ 170,000 people, roughly a tenth of Dubai's workforce, Gulf News has learnt. The emirate is home to more than 2.04 million residents, with approximately 1.6 million in the workforce. Jebel Ali Free Zone, one of the world's largest free zones, attracted 100 new companies during the first quarter of this year, taking the total number to 6,700 — one of the largest concentrations of businesses operating within a single cluster. "We ...  >>MORE

Horizon Terminals Ltd marks groundbreaking of US$142 million Bulk Liquid Petroleum Terminal in Jebel Ali Free Zone

Posted on 29/05/2012

Horizon Terminals Ltd (HTL), the wholly owned subsidiary of Emirates National Oil Company (ENOC) focused on terminalling operations, yesterday marked the groundbreaking ceremony of its new US$142 million bulk liquid petroleum terminal in the Jebel Ali Free Zone, Dubai. The fully automated terminal, with a storage capacity of 141,000 cubic metres and a dedicated 58 km pipeline connecting directly to the Dubai International Airport for the supply of jet fuel oil, is scheduled for commissioning ...  >>MORE

Automotive sector in Jafza posts 20 percent growth in 2011

Posted on 26/05/2012

The automotive sector in Jafza is estimated to have generated trade worth over Dh14 billion in 2011 posting a growth of over 20 percent against 2010. The automotive sector's robust growth in 2011 reflects the sector's rapid recovery in the year, said Jafza officials at the recently held EZW Customer Forum for Jafza companies in Automotive Industry that comprises auto spares and accessories, automobile and other type of transports and construction equipment and machinery industry segments. ...  >>MORE

Dubai Trade achieves cost savings of Dh148 billion for the country in five years

Posted on 01/05/2012

The time-saving efficiency of e-services developed by Dubai Trade FZE, the leading trade facilitator under Dubai World, is leading to billions of dollars in annual savings for the public sector and numerous benefits for traders and the economy as a whole, according to a recent, independent case study carried out by the Emirates Competitiveness Council (ECC). The study says the reduction in the number of days required to import or export goods via Dubai ports from 12 days to seven days has ...  >>MORE

UAE free zones grow by thousands of businesses

Posted on 07/02/2012

Thousands of new companies registered in UAE free zones last year, in spite of economic uncertainty elsewhere in the world that curbed many business start-ups and expansions. A total of 2,033 businesses signed up with Ras Al Khaimah Free Trade Zone (RAK FTZ), an increase of 17 per cent compared with 2010. That brings the total of businesses registered at RAK FTZ to nearly 10,000, a growing portion of which are seeking smaller, more affordable office space. "We have a lot of shared services. ...  >>MORE

New law allows full company ownership

Posted on 19/12/2011

Foreign companies setting up in specialised economic zones or making major investments in strategic sectors such as tourism and manufacturing may obtain full equity ownership, said Abdullah Al Saleh, Undersecretary in the Ministry of Foreign Trade. His comments clarified a doubt on the draft companies law approved by the UAE cabinet last week. The law will allow the cabinet to issue a resolution specifying the types of businesses and sectors in which a foreign partner may hold more than 49 ...  >>MORE

ZonesCorp attracts US$6b in investments

Posted on 16/11/2011

Abu Dhabi's industrial development body has attracted US$6 billion in investments since its launch but future growth hinges on a recovery in the global economy, its top official said on Tuesday. The Higher Corporation for Specialised Economic Zones (ZonesCorp) was set up in 2004 to create industrial clusters in the capital of the UAE. Since then, ZonesCorp has set up three industrial cities in Abu Dhabi and two in Al Ain. "Investments in all the industrial cities of Abu Dhabi and Al ...  >>MORE

Fujairah Free Zone lures China investment

Posted on 25/09/2011

Yinchuan, China - The presence of Chinese investors in Dubai and Abu Dhabi may be old news in 2011, but Fujairah is now keen to get in on the action. Fujairah's Free Zone Authority (FFZA) is making a push for investments by Chinese companies that can come in independently or in collaboration with local businesses, its director general Sharif Habib Al Awadi told a meeting during the ongoing second China-Arab States Trade Forum in the western Chinese city of Yinchuan. FFZA is working on plans ...  >>MORE

Ras Al Khaimah Free Trade Zone ranked in top five Middle East Free Zones

Posted on 07/09/2011

Ras Al Khaimah Free Trade Zone (RAK FTZ) one of the fastest-growing and most cost-effective free trade zones in the UAE - has received major industry recognition from fDi Magazine and Financial Times Business, making the top five best overall Middle East Free Zones of the Future listing. Ranked in fourth place out of more than 115 international free zones, the accolade was revealed in the recently launched fDi Magazine Middle East Free Zones rankings for 2011-2012. RAK FTZ was also rated ...  >>MORE

Dubai Airport Freezone ranked first overall Middle East Free Zone for second consecutive year: Financial Times

Posted on 21/08/2011

Dubai Airport Freezone has been ranked 1st Overall Middle East Free Zone 2011-2012 in the Middle East and North Africa region, in this year's Middle East Free Zone Rankings, released by Foreign Direct Investment (fDi) Magazine, a premier publication of The Financial Times. The Dubai Airport Freezone has also achieved first place in the Best Transportation Links category. The ranking comes as a result of the continuous efforts of Dubai Airport Freezone in providing quality services and ...  >>MORE

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Quick List

Jebel Ali Port receives four of world's largest quay cranes


Jafza seeks to attract more Asian auto majors into the Free Zone


JafzaOne phase 1 completed


DAFZA announces new initiatives to international partners and business consultants for 2014


Al Zarooni highlights success of Dubai's Free Zones at Latin American Conference of Free Zones in Puerto Rico


Jafza launches Mobile App


DMCC now largest FZ


Government entities in Abu Dhabi discuss transition to the new Sky City at Abu Dhabi Airport


Dubai Airport Freezone sustains strong economic ties between UAE and Australia


Jafz gets 300 new investors


RAK FTZ posts 70% YoY increase in new company registrations


Philippines seeks to strengthen commercial relations with JAFZA


Dubai Airport Freezone sustains strong economic ties between UAE and South Korea


UAE's Dubai Airport Freezone ranked 1st in the Middle East by fDi


ADDED signs cooperation agreements with Khalifa Industrial Zone (Kizad)


Tecom unveils new operational structure


Jafza - DP World's US$30m infrastructure project on track


Dafza seeks to attract Chinese investment


Kizad awards Dh100 million pre-built warehousing contract to System Construct


Kizad attracts added-value projects to the national economy


Jebel Ali Free Zone in high growth mode


SAIF ZONE launches 1st SEA 2013


Dafza trade volume rises to Dh164b in ’12


Jafza posts 32% increase in the number of new companies in Q3


Identifying priorities key to businesses: RAK FTZ


Jebel Ali Free Zone to contribute 20% to Dubai’s economy


Ajman Free Zone Goes Google


Dafza H1 revenues soar 82%


UAE free zones prove attractive to global firms


Jafz issues US$650m sukuk due 2019


Jafza to raise US$1.85b for redemption


Jebel Ali Free Zone targets 400 new businesses by year's end


Horizon Terminals Ltd marks groundbreaking of US$142 million Bulk Liquid Petroleum Terminal in Jebel Ali Free Zone


Automotive sector in Jafza posts 20 percent growth in 2011


Dubai Trade achieves cost savings of Dh148 billion for the country in five years


UAE free zones grow by thousands of businesses


New law allows full company ownership


ZonesCorp attracts US$6b in investments


Fujairah Free Zone lures China investment


Ras Al Khaimah Free Trade Zone ranked in top five Middle East Free Zones


Dubai Airport Freezone ranked first overall Middle East Free Zone for second consecutive year: Financial Times