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INFRASTRUCTURAL DEVELOPMENT - FREE ZONES

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

More companies register to operate from RAK free zones

Posted on 29/07/2008

The Ras Al Khaimah Free Zone has witnessed a sharp rise in the number of companies as 847 new firms were registered at the zone during the first half of the year to bring the total number of companies operating from the zone to 4,773 companies with a total investment of Dh10 billion. "The first half of the current year has witnessed the a record rise in the number of international companies, which registered at the zone to benefit from the logistic services we provide for our clients and ...  >>MORE

Sharjah’s free zones to bring in Dh1.6 billion

Posted on 26/06/2008

Free zones in Sharjah should net Dh1.6 billion (US$436 million) in investments this year, making them the emirate's leading source of revenue, authorities said. Sharjah Free Zones boast 4,716 companies and new zones are planned to attract more lucrative foreign investment. A plot of land near the airport has already been set aside for such developments. The Sharjah Consultative Council, in its final session of the year on Thursday, made several recommendations for improving services to the ...  >>MORE

Abu Dhabi set for free zone at Al Guwaifat border exit

Posted on 25/06/2008

Abu Dhabi Customs in January next year will start to establish a Dh500-million free zone at the western region's border exit of Al Guwaifat. The free zone is expected to lead to an increase in the number of individuals and companies transiting through outlet, according to a customs official. Director Customs Operations – Western Region of Abu Dhabi Customs Department Mohamed Abdulla Al Hameli said the zone aims to introduce the economic openness currently experienced by Abu Dhabi. Al Hamili ...  >>MORE

RAK FTZ opens German office

Posted on 23/06/2008

Ras Al Khaimah Free Trade Zone (RAK FTZ) has opened an office in Cologne, Germany, to provide companies from Germany and other European countries with information and assistance aimed at helping them establish their business in Ras Al Khaimah. The move is a part of the Zone's strategy to expand its business activities internationally. The office will conduct marketing activities, provide information and meet potential clients on the one-to-one basis. In addition to attracting businesses to ...  >>MORE

JAFZA to introduce new numbering system

Posted on 16/06/2008

Jafza has announced that it will soon introduce the Dun and Bradstreet Data Universal Numbering System (D-U-N-S Number) for all its member companies, in order to facilitate them to enhance their business profile and expand operations globally. This initiative will enable them to provide an internationally recognized corporate identifier, which will function like a globally-enabled trade license number to all its members. Jafza has partnered with Dun and Bradstreet to generate and assign DUNS ...  >>MORE

Abu Dhabi plans free zones

Posted on 11/06/2008

Free zones are to be set up in Abu Dhabi to attract local and foreign investment and diversify the economy away from dependence on oil. The zones will serve a number of industrial sectors, said Jaber Hareb Al Khaili, Chief Executive Officer of the Higher Corporation for Specialised Economic Zones. "The government is studying the possibility of setting up free zones in the emirate," he told Emirates Business. "The first will be announced very soon." He said comprehensive studies were being ...  >>MORE

Capital plans new industrial city

Posted on 11/06/2008

A massive new industrial city is to be built in Abu Dhabi by the Higher Corporation for Specialised Economic Zones (ZonesCorp). It will be developed at Mussafah alongside the existing three Industrial Cities of Abu Dhabi, or Icads. "All the preparations for Icad IV have been completed and now the project is in its master-planning stage," said Jaber Hareb Al Khaili, Chief Executive Officer of ZonesCorp, a government authority that establishes and manages industrial cities for cluster industries. ...  >>MORE

UAE Free Zones Directory released

Posted on 21/05/2008

The UAE free zones have been among the strong pillars of the country's economic performance attracting much foreign investments, creating thousands of jobs, and facilitating the needed technology transfer of technology into the country, according to the 2008 Golden Rainbow UAE Free Zones Directory. Together, the free zones account for more than half of the country's non-oil exports and underpin the UAE's ranking as the third most important re-export centre in the world. Released by Global ...  >>MORE

ZonesCorp, Sembcorp sign MoU to establish utility company

Posted on 13/03/2008

Abu Dhabi's Higher Corporation for Specialised Zones (ZonesCorp) and Sembcorp Industries (Sembcorp) of Singapore yesterday signed a Memorandum of Understanding to jointly establish a world-class Utility Services Company. The agreement was signed by ZonesCorp CEO Engineer Jaber Hareb Al Khaili and Tan Cheng Guan, the Executive Vice President of Sembcorp on the sidelines of a meeting of the Abu Dhabi-Singapore Business Forum, being held at the Emirates Palace Hotel in Abu Dhabi. The new company ...  >>MORE

Jafza opens US office to aid US$600m expansion

Posted on 13/03/2008

Jafza International, the global free zone management and consultancy arm of Economic Zones World (EZW), opened its North American office in Charleston, South Carolina, recently. The office has become fully functional with the various administrative and business operations set in motion. The opening of the headquarters is in line with Jafza International's time-bound plan to launch its landmark project of setting up a modern logistics and business park in Orangeburg. The estimated US$600 million ...  >>MORE

Free zone status for renewable energy

Posted on 11/02/2008

Masdar City will enjoy a free zone status for renewable energy industry, said Dr Sultan Al Jaber, CEO Abu Dhabi Energy Company (Masdar). At a Press briefing after the groundbreaking ceremony late on Saturday, he said US$22 billion project would provide a launching pad for 1,500 firms involved in innovation, research and development. "The details of the incentives to be offered to the investors in the city would be announced in due course of time," he said. The city, to be built in over eight ...  >>MORE

Abu Dhabi industrial cities to get Dh30b investment

Posted on 04/02/2008

The three industrial cities of Abu Dhabi - ICAD-I, ICAD-II and ICAD-III - are likely to cumulatively attract investment exceeding Dh30 billion by 2009, the chief executive of ZonesCorp said on Sunday. "Investments in ICAD-I and II together have exceeded Dh20 billion. We expect ICAD-III also to attract above Dh10 billion. It's on its way to get completed this year," Jaber Hareb Al Khaili, told Gulf News on the sidelines of the Abu Dhabi Economic Forum. Al Khaili said in the three industrial ...  >>MORE

Ajman’s free zone to focus on industry

Posted on 03/02/2008

The emirate of Ajman is pushing ahead with an ambitious free zone project to attract industrial investment and it will be completed on schedule in the second quarter of this year, according to a senior official. The new zone complements Ajman's Free Zone (AFZ), which has attracted a large number of foreign companies and has the highest number of ready-made garments factories in the world, Sheikh Mohammed bin Abdullah Al Nuaimi, AFZ General Manager told Oxford Business Group in an interview made ...  >>MORE

RAK Free Trade Zone signs MoU with BSA to tackle software

Posted on 23/07/2007

Ras Al Khaimah Free Trade Zone Authority (RAK FTZ) announced the signing of a Memorandum of Understanding (MoU) with Business Software Alliance (BSA), the world's foremost organization dedicated to promoting a safe and legal digital world, to ensure a piracy-free environment within the free zone through the use of only genuine software. 'The MoU will leverage the combined resources of the RAK FTZ and BSA to reinforce anti-piracy initiatives, involved with strategically important, high value ...  >>MORE

Hamriyah Free Zone FZ bags Gold Award of World Water Conference

Posted on 08/07/2007

Hamriyah Free Zone in Sharjah (HFZ) has been awarded the Gold Medal of the 9th International Symposium on Water which was hosted recently by Cannes, France. Over 1500 delegates and experts from around 35 countries took part in the global event which was organised by United Nations Educational, Scientific and Cultural (UNESCO), Islamic Educational, Scientific and Cultural Organization (ISESCO), the Euro-Arab Research Network (EARN) United Nations University and the University of Nice-Sophia ...  >>MORE

Tajikistan seeks Dubai World role in developing free zones

Posted on 14/04/2007

The President of the Republic of Tajikistan, Emamali Rakhmonov, has praised Dubai for creating an investor-friendly business environment and said his Government wishes to see Dubai World playing a role in developing special economic zones in his Central Asian country. President Rakhmonov made the remarks during his visit to the Jebel Ali Port and Free Zone, where he was received by Dubai World Chairman, Sultan Ahmed Bin Sulayem. The talks, which focused on investments and trade, were ...  >>MORE

Dh18 billion of Chinese goods pass through Jebel Ali Free Zone: Jafza CEO

Posted on 25/03/2007

China tops the list of trading partners for both Jafza and Dubai, and last year alone Chinese goods worth Dh18 billion passed through the Jebel Ali Free Zone (Jafza), said CEO of Jafza and Economic Zones World Salma Hareb. "The past decade has seen relations between China and Dubai grow exponentially as a result of the all-round developments we have been witnessing in Dubai and the rest of the UAE", she added. "By partnering with one of the world's fastest-growing free-zones, Shanghai ...  >>MORE

Jafza will build Dh9.1bn free zone in Abu Dhabi

Posted on 14/02/2007

The Jebel Ali Free Zone Authority (Jafza) has signed preliminary agreements to develop an industrial and free zone area – the Dh9.1 billion Khalifa Port and Industrial Zone – in Abu Dhabi, said Jafza's chief executive. Jafza will sign the contract by the end of this month or early next month, Salma Hareb told Zawya Dow Jones. "We identified the project and then suggested some changes in the master plan,” she said, adding that these revised plans will be finalised before the end of the ...  >>MORE

RAK free zone reports 190% rise in registrations

Posted on 07/02/2007

The Ras Al Khaimah Free Trade Zone (RAK FTZ) has reported 190 per cent growth in the number of registered companies, and last year it attracted capital investments of Dh3.3 billion. A total of 1,307 new companies registered with RAK FTZ in 2006, bringing the total number of registered companies in the zone to 2,653. Among them, 31 per cent came from the Middle East, 30 per cent from Asia, 27 per cent from Europe, 7 per cent from North America and 5 per cent from other regions. Osama Al ...  >>MORE

Dubai's free zones taste success

Posted on 04/02/2007

Dubai's non-oil foreign trade through its eight free zones recorded an 8.9 per cent increase in 2006, according to statistics compiled by Dubai World. Figures released last week show that the total value of non-oil trade that passed through the free zones last year amounted to Dh193.6 billion, compared to Dh177.8 billion in 2005. China topped the list of exporters to Dubai's various free zones, sending goods worth Dh18 billion, followed by Japan, the US, Finland and Germany. Iran was ...  >>MORE

Dubai to invest in trade zones worldwide

Posted on 23/01/2007

Dubai is to export its proven expertise in the free zone management by investing Dh29 billion in setting up industrial parks in different parts of the world. Economic Zones World (EZW), a new commercial entity created under government-owned holding company Dubai World, already has several projects under discussion in Pakistan, India, Oman, South Korea and Morocco. EZW plans to invest Dh29 billion in developing and managing industrial zones both in the UAE and abroad over the next three to ...  >>MORE

Free zone trade hits Dh143b

Posted on 18/12/2006

Dubai's non-oil foreign trade through the free zones jumped 30.15 per cent reaching Dh143 billion during the first nine months of 2006, compared to Dh127 billion recorded for the same period in 2005, a statement by Dubai World, said. Jebel Ali Free Zone (Jafza) had the biggest share of 68.81 per cent at Dh98 billion, followed by the Dubai International Airport Free Zones at Dh37 billion, which is 26.14 per cent of the total non-oil free zone trade, while the Dubai Multi Commodities Centre at ...  >>MORE

RAK site of Dh7b Emirates Flag project

Posted on 24/09/2006

A group of UAE investors has launched Emirates Flag, a cluster of 21 commercial buildings worth Dh7 billion to be set up in Ras Al Khaimah that will bear the UAE flag on the rooftops. Dubai-based High Rise Real Estate, Dream Industrial Park FZCO and A&A Investment Holding have formed a holding company, Emirates Flag Free Zone Co, to set up the Dh7 billion project at the Dream Industrial Park in the Ras Al Khaimah Free Trade Zone, officials said. The project will be offered to investors on a ...  >>MORE

RAK attracts Dh12b into free zones

Posted on 24/09/2006

Ras al-Khaimah has attracted Dh12 billion worth of investment in its free zones which a top official said would accelerate in the coming months. "We have invested Dh5 billion in creating the necessary infrastructure including the free zones both at the airport and port, built roads, IT infrastructure to attract investment," Oussama El Omari, director-general of the Ras al-Khaimah Free Trade Zone (RAKFTZ) told Gulf News. The organisation recently announced the setting up of an offshore ...  >>MORE

RAK aims to become offshore tax haven

Posted on 18/09/2006

The government of Ras Al Khaimah has launched an offshore facility, the second in the UAE, that is expected to lure investors looking for a new tax haven. The initiative, called "International Companies Registry", will allow foreign investors to register offshore companies in the Ras Al Khaimah Free Trade Zone (RAK FTZ) without the need to establish a physical presence, the zone's chairman Sheikh Faisal Bin Saqr Al Qasimi said yesterday. Ras Al Khaimah officials hope foreign companies ...  >>MORE

New free trade zone under development

Posted on 18/09/2006

Ras Al Khaimah is developing a new free trade zone covering an area of 27 square kilometres, an official said. "The new zone will cater mainly to heavy industries that require large space," Osama Al Omari, Ras Al Khaimah Free Trade Zone (RAK FTZ) chief executive officer, told Gulf News. He said the emirate has adopted a "multi-location" strategy in developing special economic areas covering different sectors. RAK FTZ has so far attracted 2,147 companies, a large number of them from India and ...  >>MORE

Abu Dhabi planning new port in Mussaffah industrial township

Posted on 16/08/2006

After the announcement of the Khalifa Port in Taweelah, Abu Dhabi is planning another port in Industrial township of Mussaffah scheduled to be operational by 2009. The Higher Corporation for Specialised Economic Zones, (ZonesCorp) which is responsible for developing and regulating the industrial free zones in the emirate, yesterday signed a contract with Royal Haskoning Consultants for carrying out a project feasibility study. The port will have a capacity to handle industrial cargoes to ...  >>MORE

ZonesCorp to launch Dh4b Oil & Gas City

Posted on 02/08/2006

The Higher Corporation for Specialised Economic Zones, or ZonesCorp, will launch an Oil & Gas City — a specialised economic cluster in the Industrial City of Abu Dhabi (ICAD) — which will offer benefits to foreign companies to set-up their regional offices at a cost of Dh4 billion. "The Oil & Gas City, a part of government initiative to create specialised economic zones in Abu Dhabi's industrial city and Al Ain, will attract offshore companies specialising in industry-specific services, ...  >>MORE

Jafza to manage Salalah Free Zone

Posted on 26/07/2006

The Jebel Ali Free Zone Authority (Jafza) will sign a memorandum of understanding (MoU) with Salalah Free Zone Corporation today to help further develop the Omani facility. Under the MoU, the two sides will lay down a framework for Jafza to take over the management of the Salalah zone. A joint team will be set up to prepare a feasibility study and Jafza will present its proposal for managing the free zone within three weeks of signing the MoU. The two sides will then negotiate the terms of ...  >>MORE

Virtual free zone created by JAFZA

Posted on 09/04/2006

Tejari, the online business-to-business marketplace has launched, with Jebel Ali Free Zone, authority the first Virtual Free Zone in Dubai. The move is aimed at developing e-commerce in Jebel Ali among the more than 5,000 companies located within JAFZA. The virtual free zone will, among other things, allow the companies within JAFZA to send and receive trade leads, create online company profiles and product showrooms and find trading partners through the business-to-business platform set up by ...  >>MORE

New-look RAK trade zone website launched

Posted on 15/03/2006

The Ras Al Khaimah Free Trade Zone (RAK FTZ) has launched its new website with a host of user and investor friendly features. Free zone bosses say the site, http://www.rakftz.com, is a one-stop shop for comprehensive information about the Free Trade Zone and its activities. Within the "RAK Free Trade Zone" section there is information about its location, the various departments and the services they provide. In ...  >>MORE

RAK free trade zone records 70 per cent growth in 2005

Posted on 15/02/2006

The RAK Free Trade Zone (RFTZ) has achieved a phenomenal 70 per cent growth in 2005 as far as number of registered companies is concerned. The facility also recorded capital investment value of Dh75 million in the same year. 'We have registered around 687 new companies during the last financial year,' Asma Subaa of RFTZ said in a statement yesterday. Most of the registered companies are from India, Iran, Egypt, UK and Pakistan. 'Some 38 per cent of them are from the Middle East, 33 per cent ...  >>MORE

Dubai Airport Free Zone companies soar 62%

Posted on 12/02/2006

The Dubai Airport Free Zone (DAFZ) experienced a 62 per cent jump in the number of operating companies last year. More than 318 multinational and regional companies set up shop in the free zone, which is next to Dubai International Airport, last year. The total number of companies operating now in the zone is 825, said a top official. Dr Mohammad Al Zarouni, director-general of the Dubai Airport Free Zone Authority (DAFZ), which governs the zone, said as a result of the surge in demand from ...  >>MORE

Ras al Khaimah Free Trade Zone - continues to spread its wings

Posted on 21/12/2005

Since its inception in May 2000, the Ras al Khaimah Free Trade Zone has been growing rapidly with over 1,400 companies established. The Zone continues to spread its wings in the industrial horizon with more and more companies willing to set up shop in the investor friendly environment. As a result of an aggressive marketing push in the Middle East, India and Iran, it has this year attracted 520 companies and the number will soon cross 600. Last year the Zone attracted 360 companies, a report ...  >>MORE

Dubai media zone attracts Dh1b

Posted on 12/12/2005

The International Media Production Zone (iMPZ) will float tenders for a number of projects in the coming years as part of its Dh5 billion development, said officials. Tenders for the main construction package the 18-storey Publishing Tower will be floated in February. Dubai-based Archon is the consultant for the project the first media tower out of the 11 planned by iMPZ. iMPZ is currently negotiating with a number of developers for its Lake District that will house hotels, retail outlets, ...  >>MORE

Airbus, DAFZA sealed the lease of the land for A380 Spares Centre

Posted on 07/12/2005

Airbus and the Dubai Airport Free Zone Authority DAFZA ) signed a 15-year lease contract for a 5100 m? site inside the free zone area at Dubai International Airport, which is to serve as the latest of 6 Airbus Spares Centres worldwide. Dr. Mohammed A. Al Zarouni, DG of Dubai Airport Free Zone Authority, DAFZA, and Bernard Pain, Airbus Head of Enterprise, Consumable Procurement signed the contract during a ceremony held at DAFZA. Dubai International Airport Apron is the most modern and ...  >>MORE

Agreements signed to set up new industry at Hamriyah Free Zone

Posted on 10/07/2005

The Hamriyah Free Zone Authority, HFZA has signed an agreement with the Oman Chemical and Pharmaceutical Company, OCPC, to establish an ammonia industry at the Hamriyah free zone. A total amount of Dh200 million is to be invested in the new industry which will have an initial production capacity of 400,000 metric tonnes of ammonia per annum and would later during the second phase produce Urea and other products. Sheikh Khalid bin Abdullah bin Sultan Al Qasimi, Member of the Sharjah ...  >>MORE

Jafza unveils new information tools

Posted on 11/06/2005

Jafza (Jebel Ali Free Zone Authority) has unveiled its new information packed promotional tools, including a revamped website, a new corporate video, Jafza directory, brochure, investor guide and a rules & regulations guide, to update prospective clients, government organisations and the general public on the recent developments, growth and achievements of the free zone. This initiative by Jafza is expected to attract more clients to the free zone as it will draw attention to the various ...  >>MORE

Hamriyah Free Zone to begin gas supplies

Posted on 11/04/2005

The Hamriyah Free Zone Authority in Sharjah plans to supply natural gas for industrial use within a year aimed at attracting major mainstream industries in petrochemicals, steel and fertilisers. The free zone, located in Sharjah, commenced operations in 1998 covering an area of 1.2 million square metres which today has expanded to 15 million square metres. Starting with two companies, it houses 748 companies and industries from 70 countries today. It has witnessed annual growth of 35 to ...  >>MORE

DOZ will become fully operational next year

Posted on 12/03/2005

Dubai Outsource Zone (DOZ) will become fully operational early next year once a major international company will start operations from the new park, according to a top official from Dubai Technology and Media Free Zone Authority. Quoted by Khaleej Times, Ahmad bin Bayat, director-general of Dubai Technology and Media Free Zone Authority, told the paper that it would be the first company to officially join DOZ. DOZ, which was launched late last year, is the world's first free zone dedicated ...  >>MORE

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Quick List

Dubai Airport Free Zone attracts 1,425 companies


More companies register to operate from RAK free zones


Sharjah’s free zones to bring in Dh1.6 billion


Abu Dhabi set for free zone at Al Guwaifat border exit


RAK FTZ opens German office


JAFZA to introduce new numbering system


Abu Dhabi plans free zones


Capital plans new industrial city


UAE Free Zones Directory released


ZonesCorp, Sembcorp sign MoU to establish utility company


Jafza opens US office to aid US$600m expansion


Free zone status for renewable energy


Abu Dhabi industrial cities to get Dh30b investment


Ajman’s free zone to focus on industry


RAK Free Trade Zone signs MoU with BSA to tackle software


Hamriyah Free Zone FZ bags Gold Award of World Water Conference


Tajikistan seeks Dubai World role in developing free zones


Dh18 billion of Chinese goods pass through Jebel Ali Free Zone: Jafza CEO


Jafza will build Dh9.1bn free zone in Abu Dhabi


RAK free zone reports 190% rise in registrations


Dubai's free zones taste success


Dubai to invest in trade zones worldwide


Free zone trade hits Dh143b


RAK site of Dh7b Emirates Flag project


RAK attracts Dh12b into free zones


RAK aims to become offshore tax haven


New free trade zone under development


Abu Dhabi planning new port in Mussaffah industrial township


ZonesCorp to launch Dh4b Oil & Gas City


Jafza to manage Salalah Free Zone


Virtual free zone created by JAFZA


New-look RAK trade zone website launched


RAK free trade zone records 70 per cent growth in 2005


Dubai Airport Free Zone companies soar 62%


Ras al Khaimah Free Trade Zone - continues to spread its wings


Dubai media zone attracts Dh1b


Airbus, DAFZA sealed the lease of the land for A380 Spares Centre


Agreements signed to set up new industry at Hamriyah Free Zone


Jafza unveils new information tools


Hamriyah Free Zone to begin gas supplies


DOZ will become fully operational next year