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INFRASTRUCTURAL DEVELOPMENT - FREE ZONES

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

JAFZA unveils design for Dh2b South Zone

Posted on 20/02/2005

Jebel Ali Free Zone Authority (JAFZA)) yesterday announced the launch of a Dh2 billion business zone designed to cater to eight specific industry clusters. When the 40square kilometre business district — South Zone — becomes operational in a year, JAFZA, currently a base to more than 4,000 firms, will have room to accommodate 2000 more companies. The five million square metre Dubai Distribution Centre will play host to companies specialising in shipping, warehousing, transportation and ...  >>MORE

Businesses in Fujairah Free Zone increase

Posted on 14/01/2005

A total of new 117 companies began operations in the Fujairah Free Zone in 2004, an increase of 30 per cent over 2003, an official said. "The low costs incurred by investors when setting up businesses in our zone; the diversity of facilities, support and services they get from the government of Fujairah; our skilled marketing of the zone - these are among the factors behind the free zone's remarkable performance last year," said Sheikh Saif Bin Hamad Bin Saif Al Sharqi, Chairman of the ...  >>MORE

RAK Free Trade Zone completes one year

Posted on 10/01/2005

RAK Free Trade Zone finished off a successful year by taking part in the Gulf Exposition from December 24 to 31 in Doha, Qatar. They represented the UAE along with 45 national companies. RAK Free Trade Zone had over 150 businessmen and potential investors, both from Qatar and other countries, visit their stand. All of them were interested in promotional offer of US$6,000 to start up a business in RAK. The aim of the participating in the exposition was to build industrial foundations in the Gulf ...  >>MORE

JAFZ set for 24pc growth this year

Posted on 18/12/2004

Jebel Ali Free Zone is targeting a 40-45 growth in the number of companies operating from the zone by 2006 when the ongoing infrastructure expansion projects would be complete. The almost Dh1 billion expansion programme, which will see the Jebel Ali Free Zone Authority (JAFZA) building two 18-storey and one 7-storey office complexes in addition to new warehouses and internal road networks, is expected to boost the zone's capacity substantially, according to "Khaleej Times” report. This ...  >>MORE

Mohammed, Moroccan King inaugurate Tangier project

Posted on 12/10/2004

Dubai Crown Prince and UAE Defence Minister, General Sheikh Mohammed bin Rashid Al Maktoum, joined King Mohammed VI of Morocco to witness yesterday the signing of a partnership agreement between the Jebel Ali Free Zone International JAFZI and Morocco's Tangier Mediterranean Special Agency (TMSA), on the Tangier Mediterranean Free Zones. The two leaders, accompanied by a number of senior officials from both sides, made a tour of the Tangier Mediterranean Free Zones project, which oversees the ...  >>MORE

RAK free trade zone attracts 200 companies this year

Posted on 29/09/2004

From January to September about 200 new companies have registered with the Ras Al Khaimah Free Trade Zone. The zone has now a total of 700 registered companies before the end of the year. With information technology playing a crucial role in today's business scenario, the zone is offering to partially fund IT projects and companies that wish to register with the free zone. (The Gulf News) ...  >>MORE

Huge growth ahead for UAE free zones

Posted on 30/08/2004

It is estimated that there are more than 4,000 companies in the various free zones across the UAE with an investment of more than Dh15 billion. The amount of trade emanating from these zones already amounts billions of dirhams, according to a report by Emirates Industrial Bank (EIB). According to the report by Dubai Chamber of Commerce and Dubai (DCCI), the free zones in Dubai generated more than Dh90 billion and recorded 28.5 per cent growth in 2003. Recently, Abu Dhabi unveiled a massive ...  >>MORE

Abu Dhabi eyes Dh35b for free zones

Posted on 28/08/2004

Abu Dhabi has embarked on a massive programme to build a strong non-oil industrial base and plans to attract nearly Dh35 billion for its emerging free zones as part of its long-term strategy to diversify its oil-reliant economy. According to Sheikh Hamed Bin Zayed Al Nahyan, chairman of the Department of Economy, launching an industrialisation programme should not be just for the sake of industry because it could fail without the necessary support. "Focusing on the industrial sector is not ...  >>MORE

DFZ bags in AED91 billion dirham on trade

Posted on 01/08/2004

Total trade volume at the Dubai free zones surged last year by 28. 5 per cent to bag in Dh91 billion, including a 30 per cent rise in import which reached Dh50 billion, while re-export also rose by 27 per cent to reach Dh41 billion. According to an economic bulletin issued today by the Dubai Chamber of Commerce and Industry, DCCI, trade in machineries, electrical items and electronics accounted for nearly half the total amount of the zones' foreign trade. Top on the list of these items are ...  >>MORE

Hamriyah Free Zone achieves massive growth

Posted on 10/07/2004

Hamriyah Free Zone (HFZ) is growing year-on-year with new investors and expansion, and is ranked second best marketer in the Arab World for the past decade. Last year, it received the ISO14001 certification for environmental management and was also awarded the first prize for higher standards in customer service and strategic planning at the Geneva International quality conference. Recently, Hamriyah Free Zone witnessed a growth of 195 new investors within the first six months of this year ...  >>MORE

Dubai-managed free zone in Djibouti opened

Posted on 07/06/2004

President Ismail Omar Gulleh of Djibouti, lauded the excellent fraternal relations between his country and the UAE under the leadership of President H.H. Sheikh Zayed bin Sultan Al Nahyan. In a statement on the inauguration of the Dubai-managed free zone in Djibouti, Gulleh said that his country is proud of the ideal and active partnership that has been cemented between Djibouti and the Emirate of Dubai. Gulleh pointed out that the partnership is considered a model to be followed, adding that ...  >>MORE

Zayed issues financial free zones law

Posted on 01/04/2004

H.H. President Sheikh Zayed bin Sultan Al Nahyan has issued a federal law on the formation of financial free zones in the country. By virtue of Article 2 of law No. (8) for 2004, financial free zones shall be established by a federal decree and shall have a body corporate, and be legally represented by a board chairman. The zones shall be solely responsible for any obligations originating from activities they practice. The Cabinet will specify the locations and areas of these free zones. ...  >>MORE

UAE Free Zones lure Indian investors

Posted on 22/02/2004

Four Free Zones from the UAE are taking part in a big way at an exhibition here to seek Indian business investment. The Jebel Ali Free Zone (JAFZ), Sharjah International Airport Free Zone (SAIFZone), Hamriyah Free Zone (HFZ) and Fujairah Free Zone (FFZ) are among the several UAE companies represented at the Free Trade Expo being held in New Delhi. According to HFZ Director General Rashid al Leem, relations between India and the Gulf, particularly the UAE, are vibrant and Indian businessmen ...  >>MORE

50 new companies set up during 2003 in Fujairah Free Zone

Posted on 14/02/2004

Fifty new commercial and industrial companies were set up in the Fujairah Free Zone during 2003, recording an increase of 22 per cent over the number of projects registered and operated at the zone in 2002. Sharief Habib Al Awadhi, Director General of the Fujairah Free Zone Authority, told Gulf News that they are still having good business over the last few years represented by the increasing number of operational projects setting up in the region. He pointed out that the increase in the ...  >>MORE

FNC approves draft law regulating financial free zones

Posted on 17/01/2004

The Federal National Council (FNC) has approved draft rules regulating the establishment of financial free zones in Abu Dhabi. The draft law was presented to the council by the Cabinet for review and approval before its final confirmation by the government and Presidential assent. It had a rough passage before it was eventually passed by the council, some of whose members resisted its progress, complaining it was not on the agenda. The session was attended by Minister of State for Financial ...  >>MORE

UAE Cabinet clears draft law on creation of financial free zones

Posted on 27/12/2003

The Cabinet in its last meeting approved a federal draft law concerning the creation of UAE financial free zones any where in all emirates of the country. According to the draft law, the free zone will have a body corporate, and will be legally represented by a board chairman. The zones shall be solely responsible for any obligations originating from activities they practice. The Cabinet will specify the locations and areas of these free zones. The draft also exempts all zones from provisions ...  >>MORE

Firms flock to RAK FZ; Zone secures ISO 9001:2000

Posted on 22/12/2003

The number of companies registered in the Ras Al Khaimah Free Zone has reached 370 and more international companies have shown interest in setting up their units at the free zone, according to RAK Free Zone Authority Project Director-General Oussama El Omari. RAK Free Zone has established new buildings in its three parks. In the Business Park, Phase II of the World Trade and Business Innovation Centre, due for completion in July 2004, is 70 per cent pre-let. The newly-established warehouses ...  >>MORE

Sharjah free zone voted best Arab marketer

Posted on 13/12/2003

Sharjah's Al Hammriya Free Zone has been voted the second best marketer in the Arab World for the past decade, adding a new honour to its record of achievements. The honour was bestowed on the free zone by the 'Gulf Marketing Review' magazine. Sheikh Khalid bin Sultan Al Qasimi, Chairman of the zone, said that the honour was a fruit of persistent development plans and strict application of higher international standards of quality management. The zone has received the 'Century International ...  >>MORE

Hamriyah Free Zone's third phase to start in early 2004

Posted on 22/11/2003

The third phase of Sharjah's Hamriyah Free Zone expansion plan will commence in the first quarter of 2004, according to the free zone chief. "The third phase includes construction of 50 stores, modern administration buildings accommodating 100 offices for investors, and housing units for 500 staff and extension of four kilometre-long inner road network," said Rashid Al Leem, director general of Hamriyah Free Zone. The zone has 94 stores and 170 offices. "The free zone recorded record growth ...  >>MORE

DAFZA expansion in full swing

Posted on 22/10/2003

Dubai Airport Free Zone Authority (DAFZA) has successfully completed the zone's third phase of development. It will commence the fourth phase soon. The third-phase - which already has a 70 per cent occupancy rate, with 100 per cent occupancy expected by the first quarter of 2004 - consists of approximately 21,000 square metres of office space, and 28 light industrial units. Forty-eight additional warehouses are in the process of construction. Shahla Abdul Razak, director for sales and ...  >>MORE

Final Silicon Oasis plan by year-end

Posted on 18/10/2003

The master plan for the ambitious Dubai Silicon Oasis (DSO) project is to be completed by year-end, according to a top official at Dubai Airport Free Zone (DAFZA). The plan is being prepared by IDC-CH2M, the US engineering consultancy. Details such as the cost of the venture and the end user markets for the semi-conductor products that will be manufactured by plants there will also be finalised. Land measuring 6.1 million square metres for the four-phase project has already been reserved on ...  >>MORE

DAFZA to showcase Silicon Oasis

Posted on 15/10/2003

Dubai Airport Free Zone Authority (DAFZA), the premier Airport Free Zone in the region, has announced its participation in GITEX Dubai 2003, the Middle East's most significant IT event. This is the 4th year running that DAFZA is taking part in the exhibition. The focus of this year's participation will be on the brand awareness of Dubai Silicon Oasis (DSO) the global collaborative initiative under the leadership of the DAFZA. DSO is on course to become a world-class technology park ...  >>MORE

JAFZA sees 15-20pc growth

Posted on 07/09/2003

Jebel Ali Free Zone Authority (JAFZA) projects an overall growth between 15 and 20 per cent in the current fiscal year, according to a senior official from JAFZA. Abdullah Lootah, senior sales manager at JAFZA, said that this included not only the increase in the number of companies but also in terms of revenue enhancements and profile built-up. Going by available indicators, JAFZA might even exceed this year's targets, he said, adding that a large number of companies were showing interest in ...  >>MORE

Hamriyah Free Zone achieves milestone

Posted on 24/08/2003

Sharjah's Hamriyah Free Zone (HFZ) is a trendsetter in many areas as it is the first in the Middle East to obtain ISO14001 certification for environmental management and the first to be awarded for higher standards in customer satisfaction, leadership and strategic planning at the Geneva international quality conference. HFZ is setting higher standards not just for itself but also for others in the Middle East to follow, says Rashid Al Leem, director-general. When asked about its special ...  >>MORE

PCFZC arms merged to form Dubai International

Posted on 02/07/2003

The Ports, Customs & Free Zone Corporation (PCFZC) has merged its international divisions -- Dubai Ports International (DPI) and Jebel Ali Free Zone International (JAFZI) -- to form a new entity, Dubai International. The new body will evaluate and pursue new projects in Europe, Africa, the Americas and Asia, according to a press release. "Dubai International combines the strengths, successes and expertise of the region's leading ports and free zone operators, DPA and JAFZA, for the ...  >>MORE

Offshore firms can own Palm property

Posted on 19/05/2003

The offshore companies to be set up in Jebel Ali Free Zone (JAFZ) can own real estate properties on Palm Islands or Jumeirah Islands or any properties owned by Nakheel Company LLC or any other real estate properties approved by the Jebel Ali Free Zone Authority (JAFZ). This provision by JAFZ is part of the new set of regulations for offshore companies to be set up in the free zone. The regulations for the offshore companies also state the free zone will not allow the 'bearer shares' system ...  >>MORE

Iraqis set up Dh367m offshore venture in JAFZ

Posted on 18/05/2003

A group of 100 Iraqi businessmen has set up a new offshore company at Jebel Ali Free Zone (JAFZ) with a view to taking up reconstruction projects in their home country in the aftermath of the war. Group representatives yesterday held a meeting with General Sheikh Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and UAE Defence Minister. Sheikh Mohammed has extended the Dubai government's support for the new venture. They have already held a series of meetings with officials. The new ...  >>MORE

New JAFZA rules for offshore firms

Posted on 14/05/2003

The Jebel Ali Free Zone Authority has issued new regulations governing offshore companies registered with it. The new JAFZA Offshore Companies Regulations are in line with the latest international practices, and are aimed to further the free zone's credentials as a centre for offshore firms, along the lines of British Virgin Islands and Jersey. To qualify as an offshore company registered with JAFZA each firm must have a minimum of two directors, and should issue a single class of shares. ...  >>MORE

RAK launches US$1b luxury free zone

Posted on 06/05/2003

Ras Al Khaimah is developing a US$1 billion free zone concept that combines luxury waterfront residential and resort facilities with a high tech Technology Park. Work has begun on the Jazirat Al Hamrah project that will include the five-star Al Hamrah Fort Hotel, an 18-hole golf course, beaches, lagoon and over 300 properties that can be purchased freehold by non UAE-nationals. There are also plans to add a smaller version of Dubai's Palm Islands. The 500-hectare Jazirat Al Hamrah scheme ...  >>MORE

Companies registered with JAFZA now exceed 2, 400

Posted on 29/04/2003

The number of companies registered with Jebel Ali Free Zone, JAFZA, has exceeded 2, 400 one of the highest in the free zones worldwide, said Sultan bin Ahmed bin Sulayem, Executive Chairman of Ports, Customs and Free Zones Corp, while inaugurating ArabRuss 2003 – a year round exhibition of Russian products. "Jebel Ali is considered the commercial hub and distribution point for several firms and investors targeting the Middle East, Africa and Far East. About 60 per cent of the new multi-storied ...  >>MORE

Syria in talks with JAFZA, seeks cooperation enhancement

Posted on 24/04/2003

Syria is presently engaged in talks with the Jebel Ali Free Zone Authority (JAFZA) to seek optimal means of making use of its expertise in port and free zone management, Syrian Economy Minister Ghassan Al Rifai has disclosed. "The Syrian authorities have invited officials of JAFZA to visit Syria and discuss various domains of cooperation," said Dr. Al Rifai, who was speaking to reporters on the sidelines of the annual meetings of Arab financial institutions, which wrapped up sessions on ...  >>MORE

DAFZ Phase I expansion leasing begins

Posted on 11/03/2003

Dubai Airport Free Zone Authority (DAFZA) has begun leasing office space of the Phase 1 expansion which is scheduled to be completed by October, said a senior DAFZA official. The free zone registered over 200 companies by January. Once the new building under the Phase I expansion is completed, it will add 24,000 square metres of leasable space, in addition to the existing 16,000 square metres. Meanwhile, Sheikh Ahmed bin Saeed Al Maktoum, president of Dubai Civil Aviation and chairman of ...  >>MORE

Free Zones contribute to industry growth

Posted on 09/03/2003

Free zones have played an instrumental role in attracting investments in the manufacturing sector and today, hundreds of factories covering a wide range of manufacturing units are spread across the country's 16 free zones. Strong government leadership, particularly from Dubai, has put the UAE firmly on the road to economic diversification and industrial growth, with the growth in the free zones a good example of this. Over 4,000 companies are now active in the UAE's 16 free zones, including ...  >>MORE

Year-ender: Over 60 new firms set up base in Fujairah Free Zone

Posted on 29/12/2002

More than 60 new companies were set up in the Fujairah free zone in 2002, which is an increase of 25 per cent over last year's figures. Sheikh Saif bin Hamad bin Saif Al Sharqi, Chairman of the Fujairah Free Zone Authority, said: "We are doing good business here. And we have become more experienced at attracting investors from all over the world. Our free zone has the benefit of a wide range of services offered by the Fujairah Government." Sharief Habib Al Awadhi, Director General of ...  >>MORE

Net foreign assets of UAE cross Dh125b

Posted on 30/11/2002

The UAE's net foreign assets have grown to Dh125.24 billion at the end of third quarter, from Dh120.69 billion, which the country recorded for the previous year. Revealing this in a statement to mark National Day, Mohammed bin Eid Al Muraiklhi, chairman of the UAE Central Bank, added that the economic policy adopted by UAE in 2001-02 depends on diversified sources of income. "Despite the fact that oil remains the major source of income as the country has oil and natural gas reserves ...  >>MORE

350 new firms in JAFZ in last 10 months

Posted on 18/11/2002

Jebel Ali Free Zone (JAFZ), one of the world's largest free zones, has seen significant growth and development this year with the number of national and multinational companies reaching over 2,300. A total of 350 new companies have set up operations in the free zone from January to October, as against 250 companies who had invested during 2001. Out of the 350 new companies, 52 are from the UAE, 44 from India, 25 from Iran, 24 from the UK, 22 from the U.S., 13 from Canada, 11 from Germany, 7 ...  >>MORE

Ajman Free Zone plans expansion

Posted on 20/10/2002

Ajman Free Zone announced plans yesterday to set up a Dh50 million offices building complex to house new corporate tenants. The designs have already been approved by His Highness Sheikh Humaid bin Rashid Al Nuaimi, Member of the Supreme Council and Ruler of Ajman. "We hope to have 1,500 companies operating out of our zone by end-2004, from 700 as at end-June this year," stated Sheikh Mohammed bin Abdullah Al Nuaimi, director general of the zone, and of Ajman Port and Customs Department. The ...  >>MORE

UAE free zones fastest-growing

Posted on 15/10/2002

The UAE, with 16 free zones hosting over 6,000 companies, stands out among the world's top countries in spreading the free zone concept among the business community, and experts say its free zones are fast outpacing others in terms of growth. "In ten years time the UAE has managed to establish itself as the most sought after economic hub in the region. Free zones stands out as one of its major achievements," said Juan Torrents, president of the Federation of World Free Zones, the apex body ...  >>MORE

DAFZ becomes the first UAE free zone to join Waipa

Posted on 18/09/2002

Dubai Airport Free Zone (DAFZ) has recently become a member of the World Association of Investment Promotion Agencies (Waipa) - a Geneva-based non-government organisation coordinating among the investment zones and authorities, said a senior DAFZ official. "We have become a member of the Geneva-based NGO, Waipa, in July this year, the first one in the UAE, and with Waipa we will jointly organise conferences and training programmes to boost foreign direct investment to the UAE," said Shahla ...  >>MORE

Saif Zone home to 818 firms

Posted on 09/09/2002

Sharjah Airport International Free Zone (Saif Zone) is now home to 818 companies by the end of the August this year and it is poised to grow further by attracting more companies into its fold, a top official of the free zone said late on Saturday. "I think it is a good achievement," said the Director General of Saif Zone Taryam Mattar Taryam, speaking to a business delegation led by the Associated Chamber of Commerce and Industry (Assocham), one of the leading trade and business chambers of ...  >>MORE

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Quick List

DOZ will become fully operational next year


JAFZA unveils design for Dh2b South Zone


Businesses in Fujairah Free Zone increase


RAK Free Trade Zone completes one year


JAFZ set for 24pc growth this year


Mohammed, Moroccan King inaugurate Tangier project


RAK free trade zone attracts 200 companies this year


Huge growth ahead for UAE free zones


Abu Dhabi eyes Dh35b for free zones


DFZ bags in AED91 billion dirham on trade


Hamriyah Free Zone achieves massive growth


Dubai-managed free zone in Djibouti opened


Zayed issues financial free zones law


UAE Free Zones lure Indian investors


50 new companies set up during 2003 in Fujairah Free Zone


FNC approves draft law regulating financial free zones


UAE Cabinet clears draft law on creation of financial free zones


Firms flock to RAK FZ; Zone secures ISO 9001:2000


Sharjah free zone voted best Arab marketer


Hamriyah Free Zone's third phase to start in early 2004


DAFZA expansion in full swing


Final Silicon Oasis plan by year-end


DAFZA to showcase Silicon Oasis


JAFZA sees 15-20pc growth


Hamriyah Free Zone achieves milestone


PCFZC arms merged to form Dubai International


Offshore firms can own Palm property


Iraqis set up Dh367m offshore venture in JAFZ


New JAFZA rules for offshore firms


RAK launches US$1b luxury free zone


Companies registered with JAFZA now exceed 2, 400


Syria in talks with JAFZA, seeks cooperation enhancement


DAFZ Phase I expansion leasing begins


Free Zones contribute to industry growth


Year-ender: Over 60 new firms set up base in Fujairah Free Zone


Net foreign assets of UAE cross Dh125b


350 new firms in JAFZ in last 10 months


Ajman Free Zone plans expansion


UAE free zones fastest-growing


DAFZ becomes the first UAE free zone to join Waipa


Saif Zone home to 818 firms