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INFRASTRUCTURAL DEVELOPMENT - FREE ZONES

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

Dubai Airport Freezone receives prestigious ISO 20000:2005

Posted on 04/07/2011

In a confirmation of its focus on improving customer service and maintaining international standards, the Dubai Airport Freezone became one of three organisations in Dubai to receive the coveted ISO 20000:2005 certification. This certification, that was adopted by the Information Technology Service Management Department in the free zone, will set mechanisms in place enabling the Dubai Airport Freezone to deliver quality technology services to its customers, further meet customer ...  >>MORE

Jafza wins ‘Best International Logistics Project' Award at leading Industry event in Spain

Posted on 16/06/2011

Jafza reaffirmed its all-round operational excellence by winning the Best International Logistics Project Award at the 7th Logistics Awards held recently in Spain as part of the International Logistics and Material Handling Exhibition (SIL) 2011. The award reflects Jafza's huge impact in global logistics industry in general and in Europe in particular. The high-profile event dedicated to Europe's logistics industry and held for the 13th consecutive year at Barcelona's Gran Via de Fira, saw ...  >>MORE

Jafza records approx Dh3.8 million in annual electricity savings in key areas

Posted on 07/06/2011

Jafza, the flagship entity of Economic Zones World (EZW), announced on the occasion of World Environment Day that it has been steadily energising its green efforts and actively managing utility usage to ensure minimal impact on the environment. The Free Zone has managed to save 4700KWH of electricity and Dh3.8 million in one year by curbing electricity consumption in buildings 14, 15, and 16. As part of World Environment Day celebrations and its overall strategy to contribute to long-term ...  >>MORE

Khalifa Industrial Zone Abu Dhabi (Kizad) offers South Korea unique investment opportunities

Posted on 01/06/2011

Abu Dhabi Ports Company (ADPC) launched the Khalifa Industrial Zone Abu Dhabi (Kizad), the industrial zone of tomorrow, at the Intercontinental Grand Seoul Parnas in South Korea as part of the Abu Dhabi Investment Forum organized by the Department of Economic Development. The Forum was held in partnership with the Korean Trade-Investment Promotion Agency (KOTRA) and discussed various trade and investment opportunities between Korea and Abu Dhabi, whereby Mr. Khaled Salmeen, Executive Vice ...  >>MORE

Trade volume of Free Zones in the UAE stood at Dh352.8 billion in 2010

Posted on 22/05/2011

The total trade volume in UAE free zones and markets grew 23 per cent Y-o-Y to approximately Dh352.8 billion in 2010, of which imports accounted for Dh201.4 billion, while exports and re-exports reached Dh151.4 billion. The total UAE trade volume (non-oil foreign trade and free zones trade) amounted to nearly Dh1.1 trillion in 2010, of which imports hit Dh754.3 billion, while exports and re-exports contributed Dh352.8 billion. The Federal Customs Authority (FCA) announced at a press ...  >>MORE

Sheikh Saud launches Dh520 million RAK Maritime City

Posted on 17/05/2011

His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, yesterday launched the RAK Maritime City, RAK's fifth port facility and the UAE's newest maritime free zone, at a function held at the Al Hamra Convention Centre here. The launch event also had the distinguished presence of H.H. Sheikh Mohammed bin Saud bin Saqr Al Qasimi, Crown Prince of Ras Al Khaimah, and several other sheikhs, members of the diplomatic corps, business leaders and senior ...  >>MORE

Dubai Airport Freezone contributes Dh52bn to total trade volume in Dubai

Posted on 12/05/2011

Dubai Airport Freezone recorded a significant contribution of Dh52bn to the total volume of Dubai trade in 2010. This represents 5.8% of the total volume, according to study released by the Dubai Airport Freezone. The total exports from Dubai were Dh355bn, out of which Dubai Airport Freezone contributed Dhs21.652bn constituting 6%. The overall imports into Dubai were Dh547bn, of which Dh30.64bn representing 5.6% was contributed by Dubai Airport Freezone. The efficiency per square meter from ...  >>MORE

Number of new firms in RAK free zone up by 17%

Posted on 20/04/2011

The Ras Al Khaimah Free Trade Zone (RAK FTZ) on Monday announced that 522 new companies registered with the free zone in the first quarter of 2011, a 17 per cent increase in registrations over Q1 2010. It also announced that a total of 970 licences were renewed during Q1 compared to 710 licences renewed in the corresponding period in 2010, representing an increase of 36.6 per cent. The phenomenal growth in new registrations and licence renewals achieved in the extremely challenging economic ...  >>MORE

Jafza underlines status as Dubai growth engine

Posted on 07/03/2011

Jebel Ali Free Zone (Jafza) — one of the world's largest free zones and the flagship entity of Economic Zones World — posted robust growth in 2010, generating trade worth over US$60 billion (Dh220.35 billion) and attracting fresh investments in diverse sectors. "The performance reaffirms Jafza's position as the region's leading business hub," a company statement said. Jafza accounts for more than a quarter of Dubai's total trade, in line with its performance since 2001 as a consistent ...  >>MORE

Dubai Airport Freezone sales surge 23 per cent

Posted on 02/03/2011

The Dubai Airport Freezone Authority said it registered a 23 per cent increase in sales in 2010 over the previous year. The growth was driven by the increasing number of new companies and expansion by existing companies working in the freezone. Out of the 102 new companies registered in 2010, 28 per cent are from Europe, 27 per cent from the Middle East, 21 per cent from Asia and the rest from the US, Japan and other countries. Aviation companies form the largest segment in the freezone ...  >>MORE

RAK free zone registers 1,740 new companies

Posted on 08/02/2011

The Ras Al Khaimah Free Trade Zone Authority (RAK FTZ) said it registered 1,740 new companies in 2010, and its International Companies (IC) division registered a record 1,499, a 14.65 per cent increase in the total number of registrations over 2009. Licence renewals also achieved a significant 16.49 per cent growth in 2010, with 3,271 companies renewing their business licences, "reinforcing the free zone's reputation as one of the most attractive investment zones in the Middle East", the free ...  >>MORE

RAK ups the pace as it looks to develop free-zone trade

Posted on 02/01/2011

Ras al Khaimah is staking its claim to become a leading free-zone operator as the emirate takes on established enterprise hubs in the region. And some manufacturing plants are already taking it up as RAK builds a business model based on light-touch bureaucracy and low rents in a bid to compete with centres such as Jebel Ali Free Zone (Jafza). Jafza is the oldest free trade zone in the UAE and one of the largest in the world, handling 11 million containers each month and contributing about ...  >>MORE

Trade volume in Free zones hits Dh286.6 billion in 2009

Posted on 20/12/2010

The total trade volume in UAE free zones amounted to approx. Dh286.6 billion in 2009 of which imports accounted for Dh167.897 billion, while exports and re-exports reached Dh118.7 billion. Accordingly, the total UAE trade volume (non-oil foreign trade and free zones trade) amounted to nearly Dh974 billion in 2009, of which imports hit Dh615.3 billion, while exports and re-exports contributed Dh331.7 billion. The Federal Customs Authority (FCA) announced in a press release yesterday that it ...  >>MORE

New logistics hub opens at Jafza

Posted on 17/10/2010

Dubai-based Centre Point Logistics (CPL) announced the opening of its logistics hub in Jebel Ali Free Zone (Jafza) on Saturday. The new logistics complex occupies an area of two million square feet adding a notch up to Dubai's established position as a regional and global leader in the logistics sector. "The timely completion of our logistics hub in Jafza will enable us to keep pace with the growing demand which signalled the regional economic recovery," said Saleh Saeed Lootah, Chairman, ...  >>MORE

RAKIA Industrial Parks named world's 10 'Best Economic Potential' free zones

Posted on 21/09/2010

The Ras Al Khaimah Investment Authority (RAKIA) Industrial Parks has been named as one of the world's 10 "Best Economic Potential" free zones in FDI Magazine's inaugural global ranking of economic zones. According to Ras Al Khaimah Investment Authority (RAKIA) the FDI Magazine rankings covered more than 700 economic zones worldwide, which were assessed based on qualitative and quantitative data. RAKIA Industrial Parks, the free zones being managed by RAKIA, are fast emerging as a ...  >>MORE

Dh300m China Complex to be set up in Ajman

Posted on 20/09/2010

Ajman Free Zone Authority and Gulf Chinese Trading Corporation (GCTC) located at Al Jarf, Ajman are opening a Dh300 million commercial complex, said Sheikh Mohammed bin Abdullah bin Sultan Al Nuaimi, Director-General of Ajman Ports and Customs Department and Ajman Free Zone Authority. Addressing a Press conference here yesterday, Al Nuaimi said the project aims at stepping forward towards a specific marketing process and variation of goods and international trademarks. The project includes ...  >>MORE

Economic Zones World's US industrial park project gathers momentum

Posted on 06/09/2010

Economic Zones World announced the construction of the first building, a multi-purpose training facility in its US-based, 1,324 acre logistics and distribution hub, Jafza Magna Park located in Santee, South Carolina. The 20,000 square feet training centre, office will be a multi-use facility that will consist of shared office facilities, training labs and general warehouse space known as Leased Industrial Units. Economic Zones World acquired over 1,300 acres just outside of the town limits ...  >>MORE

Dubai Airport Freezone sales climb 63% in first half

Posted on 18/08/2010

Dubai Airport Freezone (DAFZ), home to some of the world's major corporate names, saw first-half sales increase 63 per cent over the same period last year, a clear sign of returning investor confidence in the city. "The results of the first six months recorded by DAFZ is evidence of the healthy business environment in Dubai in particular and the UAE in general. It also shows the interest of international companies to establish their operations in the country," Sheikh Ahmad Bin Saeed Al ...  >>MORE

Jafza introduces e-licence service

Posted on 18/08/2010

Jebel Ali Free Zone Authority (Jafza) has introduced e-licence, its latest value-added service to customers, which simplifies all licence-related processes to a quick-response online transaction. Free zone licences will be processed only online in the future. The scheme, facilitated through the portal of Dubai Trade, the leading integrated online solutions provider and business facilitator under Dubai World, will enable customers to renew their licences or get new ones without having to ...  >>MORE

RAK FTZ posts 9% H1 revenue growth

Posted on 17/08/2010

The Ras Al Khaimah Free Trade Zone (RAK FTZ) on Monday announced that it has posted a nine per cent growth in revenue in the first half of 2010, compared to the same period in 2009. Oussama El Omari, CEO of RAK FTZ, said that the zone’s 360-degree approach to customer care and increased marketing and public relations activities have strengthened its market presence in the first six months of 2010. The free zone registered 875 new companies in the first half. RAK FTZ’s active ...  >>MORE

Economic Zones World to build new integrated office building in Djibouti Free Zone

Posted on 12/08/2010

Economic Zones World (EZW) yesterday announced its plans to construct a high quality office building facility at the Djibouti Free Zone (DFZ) to cater for its customers' growing business needs and provide them with a qualitative integrated service offering distinct from others in the country. Managed by EZW the DFZ, with its investment friendly business environment and modern logistics infrastructure, has emerged as one of the most important strategic logistics platforms in East Africa. The ...  >>MORE

RAK eyes free trade zone expansion

Posted on 26/07/2010

Ras Al Khaimah is planning projects worth US$5 billion (Dh18.36bn) to 2020 with the help of foreign investors, officials said on Sunday. Its free trade zone -- RAK FTZ -- home to around 4,000 companies, is trying to turn itself into a business hub for small and medium enterprises and lure more multinational investors for its infrastructure and airport expansion plans. "We forecast 2,250 additional companies in 2010," said Oussama Al Omari, CEO of RAK FTZ. In 2009, registrations and company ...  >>MORE

Dubai Airport Freezone registers robust growth

Posted on 15/04/2010

Dubai Airport Freezone registered a robust growth of 55 per cent in new investments in the first quarter of this year compared to same period in 2009. Sheikh Ahmad Bin Saeed Al Maktoum, Chairman of Dubai Airport Freezone, said: "This strong 55 per cent growth in investments is a natural result of the increase in the number of new companies registered in the first quarter. In addition, existing companies at the Freezone expanded by 38 per cent in their premises space. Sheikh Ahmad added that ...  >>MORE

Dubai airport freezone registers 30% increase in revenues in 2009

Posted on 01/02/2010

Dubai Airport Freezone recorded remarkable growth rates in 2009 compared to the previous year with the revenue rising by 30% part of which has come as a result of considerable expansion in office space by major European and American companies based in the Free zone. H.E Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of the Dubai Airport Freezone, said that "The Freezone's contribution to GDP for Dubai has exceeded 2.2% in 2007 assuring the importance of free zones to attract foreign investment ...  >>MORE

Virtual Fujairah free zone to cut out costs

Posted on 23/12/2009

A virtual free zone in Fujairah, the first in the Emirates, will let foreign-owned companies do business in the UAE for a fraction of the costs charged by established free zones. Part of the Fujairah Creative City free zone, Virtuzone allows companies to submit web-based registration applications and issues trade licences within 10 days of receiving an application. A start-up company can operate from Virtuzone for about Dh35,000 (US$9,528) a year, about half the cost of registration and basic ...  >>MORE

RAK Free Trade Zone posts higher revenue, attracts more companies

Posted on 21/07/2009

Ras Al Khaimah Free Trade Zone (RAK FTZ) posted a 14.5 per cent increase in revenue in the second quarter of this year, compared to the same period in 2008. New company registrations for April June 2009 climbed to 554, a marked 14.7 per cent increase over last year's registrations and a 13.6 per cent increase compared to the first quarter of this year. "Our target for 2009 is to have 2,000 new companies by the end of the year," said Osama Al Omari, CEO of RAK FTZ. "With 931 companies ...  >>MORE

Economic Zones World, Dubai World Central to create "The Dubai Logistics Corridor"

Posted on 14/07/2009

Economic Zones World, through its flagship entity Jafza, and Dubai Aviation City Corporation (responsible for the Dubai World Central "aerotropolis" development) are entering into a collaboration that could result in the doubling of Dubai's top notch industrial and logistics infrastructure. The agreement sets out to create "The Dubai Logistics Corridor" a transport and logistics corridor, linking sea, land and air, bringing together for the first time in the Middle East all of the components ...  >>MORE

Dubai Airport Freezone to double capacity

Posted on 21/05/2009

Dubai Airport Free Zone will invest Dh1.3 billion to almost double its capacity with six new buildings and a hotel. The expansion comes at a time of significant growth and expectations of high demand from companies relocating to the free zone in the coming years. In the first quarter of this year, it saw a 48 per cent increase in revenues and a 49 per cent increase in net profits compared to the corresponding quarter in 2008. "The growth is an indicator that we are doing good and foreign ...  >>MORE

Dubai Airport Freezone unveils new brand

Posted on 18/05/2009

H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Airport Freezone, yesterday unveiled the organisation's new brand. The new brand signals a fresh phase of growth and expansion for the company and the world-class facilities and services that it offers to worldwide organisations. Celebrating the launch of Dubai Airport Freezone's striking new brand, Sheikh Ahmed said: "Dubai Airport Freezone has a vital and strategic role to play in delivering qualitative, value-added investments to ...  >>MORE

Jebel Ali Port voted 'Best Seaport in the Middle East'

Posted on 01/05/2009

Jebel Ali Port, the flagship facility of Global marine terminal operator DP World's UAE Region, has been voted 'Best Seaport in the Middle East' for the 15th consecutive year at the 23rd Asian Freight and Supply Chain Awards (AFSCA). Readers of Hong Kong-based Cargonews Asia, a leading transport and logistics publication, served as competition judges, voting for the best-performing companies in the Asian transport and supply-chain sector, across a number of categories. Since Cargonews Asia ...  >>MORE

Ras Al Khaimah Free Trade Zone first quarter revenues increase 16 per cent

Posted on 29/04/2009

Ras Al Khaimah Free Trade Zone (RAK FTZ) reported a 16 per cent increase in revenues in the first quarter of 2009, compared to the first quarter of last year. RAK FTZ, one of the fastest-growing free trade zones globally, also reflected a four per cent increase in company registrations compared to the same period in 2008. So far 378 new companies have registered this year, the five largest being Jamal Travel Agency, Middle East Spark Trading, Al Mohandis International, Info Seven and Aysha ...  >>MORE

Sharjah Ruler inspects port project in Hamriah Free Zone

Posted on 08/01/2009

HH Dr Sheikh Sultan bin Mohammed Al Qasimi, UAE Supreme Council Member and Ruler of Sharjah made an inspectional tour yesterday to the Hamriah Free Zone (HFZ) where the third and the forth phases of the Dh 450mn deep water port project is in progress. The Ruler also visited the factory of Techno Casting, the leading manufacturer of alloy steel built at a cost of Dh 400mn. Sheikh Sultan was accompanied by Chairman of the Sharjah Department of Ports and Customs Sheikh Khalid Bin Abdullah Al ...  >>MORE

Jafza to set up free trade zone in India

Posted on 21/12/2008

Jebel Ali Free Zone Authority (Jafza), the flagship brand of the world's biggest developers and operators of economic zones and business parks, Economic Zones World (EZW), will set up a free trade warehousing zone (FTWZ) at Raigad, in Maharashtra, India. Jafza has been given an ‘in-principle' clearance by the Board of Approval in the Commerce Ministry for setting up a SEZ on the country's western coast. The SEZ to be built over an 85.12-hectare area will host free trade warehousing firms, ...  >>MORE

Dubai Airport Free Zone's Dh 446 mn expansions nears completion

Posted on 30/11/2008

The Dubai Airport Free Zone's expansion plans are on track with the six new buildings already completed, said Mr. Adel Ghafan, Executive Director of Technical Services Department, Dubai Airport Free Zone. "Over the past 12 years, Dubai Airport Free Zone has grown into one of the most successful economic ventures in the Gulf region. The Free Zone is now home to more than 1,500 multinational companies with flexible operations processes that meet client's demand," Mr. Ghafan said. To meet ...  >>MORE

ZonesCorp launches regulatory framework of the code of practice of 'EHS' for the industrial sector

Posted on 04/11/2008

ZonesCorp CEO Jaber Hareb Al Khaili announced on Monday, the launching of the regulatory framework of the code of practice of 'Environment, Health, and Safety' for the industrial sector of the Emirate of Abu Dhabi. The EHS code of practice launching ceremony was held under the patronage of HH Sheikh Hamed Bin Zayed Al Nahyan, Chairman of the Higher Corporation for Specialized Economic Zones (ZonesCorp). The ceremony was attended by a number of businessmen, investors, directors of the ...  >>MORE

Dubai Airport Free Zone records 84% increase in net profit

Posted on 28/10/2008

H.H Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of the Dubai Airport Free Zone, said that Dubai has become more attractive to international investments during the global financial crisis and this critical stage that the markets are currently experiencing. Sheikh Ahmed added that free zones in the country, Dubai Airport Free Zone in particular, now serves as key attraction with the increasing number of companies seeking to launch their operations in Dubai Airport Free Zone to extend their ...  >>MORE

Abu Dhabi's media free zone opens on Sunday

Posted on 12/10/2008

A mega media park will be launched today to "create content by Arabs for Arabs," according to a senior executive. "Abu Dhabi has the opportunity of becoming a creative hub for the media as well as arts and culture," Tony Orsten, CEO of the Abu Dhabi Media Park, told Gulf News. He said in five to 10 years, there will be a broad media industry in the UAE capital. "Production companies, editing and content will be made here not because it is cheaper than Cairo or Beirut, but because the quality ...  >>MORE

Dubai Duty Free sales rise 27% as perfumes retain top spot

Posted on 07/10/2008

Dubai Duty Free reported sales of Dh2.8 billion (US$780 million), a 27 per cent increase in the first nine months of the year over the same period last year. Perfumes remained the top category as sales rose to Dh401 million (US$110 million), while gold sales rose by 35 per cent to Dh330 million. Other notable increases occurred in electronics, (19 per cent to Dh237 million) and confectionery (36 per cent to Dh208 million). "We have had a fantastic year so far and are looking ahead to the ...  >>MORE

Dubai EDC and Jafza sign MoU to increase export efficiency

Posted on 02/09/2008

Dubai Export Development Corporation (EDC) and the Jebel Ali Free Zone Authority (Jafza) member of Economic Zones World, have signed a Memorandum of Understanding (MoU) confirming their joint commitment to contribute to Dubai's economic development by fostering its external trade potential. EDC predicts a 10pc increase in export performance of Jafza-based companies in terms of exports value, market reach and enhanced operational efficiency post the rolling out of this agreement. The ...  >>MORE

Dubai Airport Free Zone attracts 1,425 companies

Posted on 10/08/2008

Dubai Airport Free Zone has attracted more than 1,425 companies and it continues to attract increasing investment into the country. "The location of the free zone within the boundaries of Dubai International Airport is a key benefit that has attracted a large number of companies to the Dubai Airport Free Zone," said Ebrahim Ahli, director of marketing at the free zone. "We now play an increasingly important role as the major business and financial link between East and West - with more than ...  >>MORE

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Quick List

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


Dubai Airport Freezone receives prestigious ISO 20000:2005


Jafza wins ‘Best International Logistics Project' Award at leading Industry event in Spain


Jafza records approx Dh3.8 million in annual electricity savings in key areas


Khalifa Industrial Zone Abu Dhabi (Kizad) offers South Korea unique investment opportunities


Trade volume of Free Zones in the UAE stood at Dh352.8 billion in 2010


Sheikh Saud launches Dh520 million RAK Maritime City


Dubai Airport Freezone contributes Dh52bn to total trade volume in Dubai


Number of new firms in RAK free zone up by 17%


Jafza underlines status as Dubai growth engine


Dubai Airport Freezone sales surge 23 per cent


RAK free zone registers 1,740 new companies


RAK ups the pace as it looks to develop free-zone trade


Trade volume in Free zones hits Dh286.6 billion in 2009


New logistics hub opens at Jafza


RAKIA Industrial Parks named world's 10 'Best Economic Potential' free zones


Dh300m China Complex to be set up in Ajman


Economic Zones World's US industrial park project gathers momentum


Dubai Airport Freezone sales climb 63% in first half


Jafza introduces e-licence service


RAK FTZ posts 9% H1 revenue growth


Economic Zones World to build new integrated office building in Djibouti Free Zone


RAK eyes free trade zone expansion


Dubai Airport Freezone registers robust growth


Dubai airport freezone registers 30% increase in revenues in 2009


Virtual Fujairah free zone to cut out costs


RAK Free Trade Zone posts higher revenue, attracts more companies


Economic Zones World, Dubai World Central to create "The Dubai Logistics Corridor"


Dubai Airport Freezone to double capacity


Dubai Airport Freezone unveils new brand


Jebel Ali Port voted 'Best Seaport in the Middle East'


Ras Al Khaimah Free Trade Zone first quarter revenues increase 16 per cent


Sharjah Ruler inspects port project in Hamriah Free Zone


Jafza to set up free trade zone in India


Dubai Airport Free Zone's Dh 446 mn expansions nears completion


ZonesCorp launches regulatory framework of the code of practice of 'EHS' for the industrial sector


Dubai Airport Free Zone records 84% increase in net profit


Abu Dhabi's media free zone opens on Sunday


Dubai Duty Free sales rise 27% as perfumes retain top spot


Dubai EDC and Jafza sign MoU to increase export efficiency


Dubai Airport Free Zone attracts 1,425 companies