free zone

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Related to free zone: Free trade zone
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  • noun

Synonyms for free zone

an area adjoining a port where goods that are intended for reshipment can be received and stored without payment of duties


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References in periodicals archive ?
Among the highlights was the announcement of the inclusion of 44 new free zones to the ranks of the World FZO amid growing acclaim for the organisation's pivotal role in supporting the growth of free zones around the world and supplying them with the necessary facilities to actively contribute to economic and social development.
Regarding trade volume, Al Qudah pointed out that the total of exported goods from the free zones to foreign and domestic markets stood at JD135 million in June, of which JD92 million went to foreign markets and JD43 million to the local market.
By 1995 Jafza could successfully attract more than 500 of the world's leading multinationals into the free zone carving a position for Dubai as a favoured investment destination in the region.
So has the increased competition rattled UAE free zone operators and should construction groups be concerned that the bubble may burst?
At the same time, we have reached out to multiple business leaders, policy makers, and influencers to begin a dialogue around operational, legal, regulatory, and governance best practices that would support the role of Free Zones and enhance their impact and contribution to both local and global economies.
Abdul Aziz Taryam, CEO Advisor, says: "In cooperation with the Fujairah Free Zone, we are keen to meet specific business needs of companies based in the free zone and enable higher efficiencies by delivering world-class ICT and telecom services.
Ajman already serves over 10,000 companies and about 100 new companies operate each week in its free zone.
Inked during the launch of WFZO in Dubai, the MoU, is also designed to educate emerging economies on the uses and benefits of free zones, and to introduce successful growth initiatives from UNIDO to member countries of the new body.
The prevalence of the free zone and cluster model in the UAE has significantly contributed in positioning the country as an international business hub and an easy place to do business.
HE Mahmood Al Hashemi said that, "Ajman Free Zone is deemed as one of the fastest growing free zones in the region.
Dubai Industrial City is not a free zone but businesses in the centre can export duty free to a number of countries as a result of free trade agreements signed with other governments.
Katkout highlighted that the terrorist acts have caused a drop in the revenues of the General Organization for Free Zones reaching USD 710 million in 2012, compared to USD 884 million in 2011.
Mahmood AL Hashemi, general manager of the Ajman Free Zone Authority (Afza), said: "The launch of Smart Warehouses follows our decision to focus on businesses of all sizes and types facilitating a diverse range of investment and licensing options to suit their business requirements and budgets.
24 (ONA)-- An agreement was signed today at the Supreme Council of Planning between Sohar Free Zone and Al Siraj Investment Holding company for the construction of logistic park at the Zone on 40,000 square meters.
Under no circumstances can a free zone company in Dubai operate outside its jurisdiction unless it has a branch licenced by DED," said Mohammed Shael Al Saadi, CEO of business registration and licensing at the department.