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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

Sharjah's HFZ targets India investment

Posted on 12/08/2002

Sharjah's Hamriyah Free Zone Authority (HFZ) is targeting investment from India as it embarks on a massive expansion programme that will increase the zone's size by 20 per cent. The authority, which is spending Dh180 million on developing its inner harbour, will promote its facilities and services to South Asian businessmen as part of the UAE national pavilion at the World Free Trade Zones Expo, a dedicated international exhibition for free zones scheduled in Mumbai from September 30 to October ...  >>MORE

40pc growth in duty-free shops at Dubai ports

Posted on 08/08/2002

Duty free outlets in Dubai's three ports-Jebel Ali, Rashid and Dubai Creek - have witnessed a 40 per cent growth this year over its operations in 2001, said a top duty free official. Duty Free Dubai Ports FZE, which runs duty free shops in seven locations including three permanent, two temporary and two mobile units in Jebel Ali Free Zone, Port Rashid and Dubai Creek's Dhow Wharfage, is currently planning to set up another duty free shop in Hamriya Port next year. Duty Free Dubai Ports FZE ...  >>MORE

New markets help Ducamz reach higher volumes

Posted on 08/08/2002

Efforts at prising open new markets, particularly in Africa, have helped the Dubai Customs Zone Vehicles Free Zone (Ducamz) record volumes of 75,000 units in the first seven months of 2002. Shipments are going to some of the Central Asian republics, and in Africa, to Kenya, Tanzania, Somalia, Sudan, Ethiopia and Zambia. In the first seven months, Ducamz recorded volumes of 75,000 units, which is well over the 60,000 reported for the whole of 2001. Ducamz is presently processing between 500 and ...  >>MORE

HFZ to invest Dh180m for inner harbour expansion

Posted on 03/08/2002

Hamriyah Free Zone Authority is investing Dh180 million for the inner harbour development project which entails the construction of a total quay length of 5.5 kilometres, with alongside depth ranging from five to seven metres and width of the water basin will be at 350 metres, according to a local magazine. 'The development of the inner harbour will proceed in three phases, with the first phase costing Dh75 million and being scheduled for completion in April next year. The total project is ...  >>MORE

Fujairah FZA attracts foreign investments worth US$270m

Posted on 01/08/2002

Fujairah Free Zone Authority (FZA) attracted US$270 million of foreign investments by the end of last year, recording an increase of up to 25 per cent over the previous year. Indian subcontinent investments share is estimated to be at 70 per cent, local, Gulf and Asian share is around 18 per cent, while Europe and the US account for 12 per cent. A report in Al Ghorpha magazine said that the number of operational projects in the zone has also grown to stand at 172, including 90 trading ...  >>MORE

DIB to finance Dafz expansion

Posted on 17/07/2002

Dubai Islamic Bank (DIB) is to finance a Dh70 million Phase III expansion of the Dubai Airport Free Zone (Dafz). A contract to this end was signed yesterday between Sheikh Ahmed bin Saeed Al Maktoum, president of the Dubai Civil Aviation, Chairman of Emirates Group and President of Dubai Airport Free Zone Authority (Dafza); and Dr. Mohammed Khalfan bin Kharbash, Minister of State for Finance and Industry and chairman of DIB. Kharbash said this agreement confirms the growing role of DIB to ...  >>MORE

Dubai Automobile Free Zone second phase complete

Posted on 15/07/2002

The second phase of Dubai Automobile Free Zone (Ducamz) in Ras Al Khor has been completed at a cost of Dhs30 million, raising the total cost to Dhs80 million. With this, the capacity of the free zone has gone up to 57.2 per cent and total area to eight million square metres, said a press release. The free zone, promoted by the Dubai government under Customs and Free Zone Corporation, is managed by the Jebel Ali Free Zone (JAFZ). The second phase added 135 showrooms, raising the total to ...  >>MORE

Sharjah free zone receives international prize

Posted on 08/07/2002

Sharjah's Al Hammriya Free Zone has received the ‘Century International Prize for 2002”, becoming the first zone in the world to received such a prestigious prize. The zone was nominated by a panel of experts comprising engineers, economists, journalists and designers for its reputation, efficient services and investment laws. The panel followed two methods in the selection process, one being a research which covered major public and private sector firms in the areas of publishing, advertising ...  >>MORE

RAK Free Zone site wins award

Posted on 28/06/2002

The Ras Al Khaimah Free Zone website was ranked third at the Second World Free Zone Con-vention in London. The major attraction at the convention was a website competition, where sites of participating free zones were ranked taking into account, among other factors, their accessibility to users. "This noteworthy achievement is a result of the authority's constant efforts to keep its website regularly and diligently updated with the latest information," said Oussama El Omari, ...  >>MORE

DAFZA wins award for best website

Posted on 24/06/2002

The Dubai Airport Free Zone Authority (DAFZA) corporate website (http://www.DAFZA.gov.ae) has been named the world's best website of a free zone or an export processing zone. The award was presented to DAFZA during the recent Free Zones Convention 2002 in London. Yesterday DAFZA officials presented the award to Sheikh Ahmed bin Saeed Al Maktoum, president of Dubai Civil Aviation and chairman of DAFZA. An international ...  >>MORE

DAFZA expects 185 firms by year-end

Posted on 24/06/2002

By May this year, 158 companies were operating from Dubai Airport Free Zone (DAFZA), with this number expected to reach 185 by the end of the year. These figures released by the Dubai Airport Free Zone Authority show a more than sevenfold increase in the number of firms since 1998, when it stood at 21. The companies actually operating in the free zone are mainly oriented towards retail as well as commercial distribution, with 58 per cent of the licences granted to trading companies and 39 ...  >>MORE

Ajman Free Zone gets ISO 9001-2001

Posted on 16/06/2002

Ajman Free Zone Authority has obtained the new ISO 9001-2000 requirements, making it the first state department in the emirate to achieve such certification. The free zone claims to be the second-largest in the UAE, with the number of companies operating out of the complex having risen 15 per cent to 700 by end-2001. Sheikh Ahmed bin Humaid Al Nuaimi, chairman, Ajman Economic Department, and of the authority, received the certificate from Jeff Gardine, regional manager, ABS International ...  >>MORE

DAFZ embarks on third expansion

Posted on 08/06/2002

Dubai Airport Free Zone (DAFZ) is embarking on a third expansion that will add two new buildings to the existing premises and raise light industrial units to 60 from the current 36. The whole phase is due for completion by next February at an estimated cost of Dh70 million, Dr. Mohammed Al Zarouni, DAFZ director general, told Gulf News. In an exclusive interview which edged towards wiping out scepticism about the existence of many local free zones, Zarouni assured companies that specialised ...  >>MORE

Dubai unveils technology free zone

Posted on 22/05/2002

Dubai yesterday unveiled a new free zone - Mohammed Bin Rashid Technology Park - to smoothen technology transfer to the region, and to create infrastructure and extend research and development facilities to global technology leaders. According to the plan, three square km land on the south side of Sheikh Zayed Road, close to the Jebel Ali Free Zone will be developed initially, to create infrastructure, buildings, laboratories, research facilities by the Dubai Government. Some of the facilities ...  >>MORE

Airport free zone gets currency centre

Posted on 13/05/2002

A currency management facility at Dubai Airport Free Zone, Transguard Currency Management Centre, was opened by Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman of Emirates airline. Dubai can now provide a range of services of international standard to local and international banks and financial houses. The new currency centre which will have a staff of around 20, is located in DNATA Cargo's Free Zone Logistics Centre in the airport free zone. The centre, has ...  >>MORE

New free zone for trucks, heavy equipment

Posted on 11/05/2002

Dubai has announced one more free zone - Heavy Equipment and Trucks Zone (Hetz) in a view to boosting the re-exports of trucks and heavy equipment. The new zone will have all facilities needed for the promotion of heavy equipment and trucks trade like administrative offices, licensing offices, banks, customs, chamber of commerce office, etc to serve the needs of the traders setting up office inside the zone. Though the exact features of this free zone are yet to be worked out, Sultan bin ...  >>MORE

Dafza scraps fixed rate for land leasing

Posted on 21/04/2002

The Dubai Airport Free Zone Authority (Dafza) has done away with the system of charging fixed rate for leasing out land. Instead rates are negotiable for companies intending to open shop in Dafza. The move is to bring down the existing lease rate of Dh10 in order to woo world-class companies into Dafza. Already, the free zone offers a 15-year renewable lease with an undertaking against imposition of any new taxes or any other financial burdens during this period. Shahla Ahmed Abdul Razak, ...  >>MORE

Value of premises in JAFZ touches Dh3b

Posted on 16/04/2002

The total value of the premises in Jebel Ali Free Zone (JAFZ) has reached Dh3 billion. Ahmed Butti Ahmed, managing director of Jebel Ali Free Zone, said that out of the 2,200 companies in the free zone, 600 own the premises from which they operate. Ahmed Butti was briefing the leading members of Dubai's banking, finance and legal sectors and representatives of Jebel Ali Free Zone's business community to introduce and review the mortgage decree for Jebel Ali Free Zone. The decree was issued ...  >>MORE

RAK zone plans to lure more foreign firms

Posted on 06/04/2002

Companies operating at the Ras Al Khaimah free zone rose to 90 by the end of March 2002 with a gross capital of Dh 60 million, said the zone Chairman. Sheikh Faisal bin Saqr Al Qasimi said the 2002 plan seeks to attract 90 companies with total investment of Dh 140 million. ' Our strategic goal is to increase the number of companies to 360 by 2004 with a total capital and investment of Dh 400 million and Dh 680 million respectively,' he added. (The Emirates News Agency, WAM) ...  >>MORE

IT, media free zone board restructured

Posted on 28/03/2002

A new management board for the Dubai Technology, E-Commerce and Media Free Zone under the chairmanship of Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum was formed from 24 March. The newly formed free zone board has Hashim Al Dabal as vice-chairman and Ahmed bin Byat, Saeed Al Muntafiq, Abdulhamid Juma and Dr.Omar bin Sulaiman as members. Ahmed bin Byat is director general of the free zone taking over from Gergawi who will resume duties at the Executive Office. Saeed Al Muntafiq is the ...  >>MORE

DNATA’s Dh16m plan to double cargo unit capacity

Posted on 18/02/2002

DNATA Cargo has announced a Dh16 million plan to double the capacity of the Free Zone Logistics Centre, FLC in Dubai Airport Free Zone. The plan envisages creation of an extra 10,000sqm of warehouse space and 2,300sqm of dedicated airline office space. The Department of Civil Aviation will provided a dedicated cargo apron as part of the expansion of airport parking on the north side. The FLC, operated by DNATA, was opened in August 1999 as a dedicated charter terminal for freighter ...  >>MORE

JAFZ assets valued at more than Dh3b

Posted on 20/01/2002

The total assets in the Jebel Ali Free Zone area (JAFZ) is valued at over Dh3 billion, which is expected to grow fast, as a result of the new mortgage decree, according to a top official. Last week His Highness Sheikh Maktoum bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, signed Decree No. 1 of 2002 which opened the doors for owners of facilities at JAFZ to mortgage properties excluding the land. This decree is expected to spur new investment in ...  >>MORE

Full text of the new Mortgage Law

Posted on 19/01/2002

Following is the translation from Arabic of the text of the Mortgage Law issued last week. Law No. (1) for the Year 2002, on mortgage of properties installed in Jebel Ali. We (His Highness Sheikh) Maktoum bin Rashid Al Maktoum, (Vice President and Prime Minister of the UAE and) the Ruler of Dubai, after having reviewed the Jebel Ali Free Zone Law No (1) for the year 1980 and Decree No (1) for the year 1985, concerning installations in the Free Zone at Jebel Ali Port, and Labour Law No. (2) ...  >>MORE

Hamriya free zone bags ISO 14001

Posted on 23/10/2001

Sharjah's Hamriya Free Zone has become the first zone in the world to win the ISO 14001 certificate for environmental safety, a senior Sharjah official announced today. Sheikh Tareq bin Faisal Al Qasimi, Chairman of Sharjah Free Zones General Authority, told reporters today that the honour was a fruit of persistent development plans and strict application of higher international standards of quality management on environmental safety since the creation of the zone in 1995. 'The award underlines ...  >>MORE

MyJAFZA portal launched; New service to reduce average time of transaction by 90%

Posted on 01/10/2001

The Jebel Ali Free Zone Authority (Jafza) has launched an exclusive portal for customers in the Free Zone area. "MyJAFZA," which is part of Dubai's e-government strategy, was formally launched in Dubai by Sultan Ahmed Bin Sulayem, executive chairman of Dubai Ports, Customs and Free Zone Corporation. A highlight of the portal is that it will reduce the average time of a transaction by 90 per cent. MyJAFZA, which has been designed by Dubai Ports, Customs and Free Zone Corporation to provide ...  >>MORE

Dubai airport free zone wins ISO certification

Posted on 25/09/2001

As the Dubai Airport Free Zone Authority (DAFZA) prepares for a prestigious UN recognition, it has become one of the few free zones in the region and the first in UAE to receive ISO 9001:2000 certification. Representatives from the United Nations Industrial Development Organisation (UNIDO) and United Nations Conference on Trade and Development (UNCTAD) are expected to visit DAFZA next year as part of efforts to confer the free zone consultant's status. Once it receives that recognition, DAFZA ...  >>MORE

Manufacturing starts at RAK free zone

Posted on 16/06/2001

Manufacturing activities have stated at Ras Al Khaimah Free Trade zone, with the first export of shipments from the investor operating in the industrial park due to being tomorrow, Sheikh Faisal bin Saqr Al Qasimi, Chairman of the authority said. "We need to invest Dh146.8 million (US$40 million) over the next five years,” he indicated the landmark reached last Thursday is only the beginning of a sustained development effort. The zone also officially opened its 115-hectare warehouse and office ...  >>MORE

Dubai Airport Free Zone to get a facelift

Posted on 06/06/2001

With the Dubai International Airport embarking on a massive expansion, Dubai Airport Free Zone, DAFZ, is also heading for a facelift. The zone is completing two four-storeyed buildings to accommodate increasing office staff it has been absorbing. Some 121 companies have been registered so far with DAFZ, since its inception in 1996. Meanwhile, building of five-star hotel figured in talks between an 18-member Marriot International team led by John W. Marriott, and Sheikh Ahmed bin Saeed Al ...  >>MORE

RAK seeks investors for its free zone

Posted on 26/05/2001

The Ras Al Khaimah Free Zone needs Dh145 million in foreign investment to achieve its goals amid tough competition, a senior official said. Total investment in Ras Al Khaimah is at least 50 per cent lower than that in Dubai, said Sheikh Faisal bin Saqr Al Qasimi, head of the Ras Al Khaimah Free Zone. He said Khor Khowair, which has been suffering from high pollution because it was the first industrial area in Ras Al Khaimah, has forced the emirate's free zone to move elsewhere. Sheikh Faisal ...  >>MORE

Saif Zone drive to attract investment

Posted on 15/05/2001

Sharjah Airport Free Zone (Saif Zone) is launching a new initiative to attract investment by manufacturers, exporters, importers, freight forwarders and companies seeing a regional manufacturing, distribution and assembly base. As part of the new drive, motor sport will be used as a vehicle to increase awareness of Saif-Zone as a major facility offering a unique opportunity to its customers using sea or air freight and presenting industry with a wide range of advantages over other regional free ...  >>MORE

Hamriyah project to start

Posted on 12/05/2001

Work on inner harbour project with a draft depth of 5-7 metres will start at Hamriyah Port, fronting Sharjah's Hamriyah Free Zone, later this month. The bidding process is being finalised with Halcrow being project consultant. Further details are due to be announced later. A number of companies currently with quayside facilities in Sharjah' Layyah area next tot he creek have bee requested to move, and several of these are expected to relocate tot he Hamriyah inner harbour. The creekside area ...  >>MORE

Full text of the law on the new Public Corp for Ports Customs and Free Zone

Posted on 07/05/2001

His Highness Sheikh Maktoum bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has issued an Act by which Customs Department, Dubai Ports Authority and Jebel Ali Free Zone Authority are to be merged into a public corporation. The Act, referred to as Act No. (1) for 2001, stipulates also the formation of a body corporate public corporation titled as Public Corporation for Ports, Customs and Free Zone, of an independent financial and administrative entity, ...  >>MORE

UAE proposes more free zones

Posted on 02/04/2001

Emirates' Industrial Bank, EIB said that free zones are expected to play a key role in the non-oil activity and diversification of the UAE economy in the future. Noting that the free zones have now become an integral part of the development and diversification plans of each emirate, the EIB Journal said there are plans to build more free zones and expand existing ones by these emirates. In the UAE, there has been a substantial investment in infrastructure development. The major intent of ...  >>MORE

Call to set up Arab Free Trade Zone

Posted on 25/03/2001

Arab ministers of economy and commerce have recommended the immediate setting up of an Arab free trade zone at the end of their extraordinary meeting in Amman yesterday. Sheikh Fahim bin Sultan al Qasimi, UAE Minister of Economy and Commerce, said the ministerial meeting had given their blessings to steps taken by some member countries to cut down the period within which to establish free trade zones in implementation of the 9th Chapter of Article 1 of the programme. The ministers have ...  >>MORE

Number of companies in JAFZ touches 1,900

Posted on 16/01/2001

The number of companies in Jebel Ali Free Zone, Jafz, touched 1,900 last year, with more companies registering from the industrialised countries, including the US, Japan, the UK, Germany, Switzerland, The Netherlands and Belgium according to a press release from Jebel Ali Free Zone. Among them are Goodyear, US, Toyo and NGK, (Japan), DaimlerChrysler (Germany), Bayer International (Switzerland), Caterpillar Logistics (Belgium), Cummins Diesel (UK), and Technip Middle East (Holland). The ...  >>MORE

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