free zone


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Related to free zone: Free trade zone
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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 ?
Speaking on the same occasion, Zhang Baozhong, chairman of China Overseas Ports Holding Company Pakistan (COPHC), said with the construction of the free zone, the port city of Gwadar will become a big commercial hub in the region, adding that the development of Gwadar would help to improve Pakistan's overall economy and people's lives.
It will further improve the efficiency of the Dubai Logistics Corridor, which connects the port, free zone and airport under a unified customs bond, creating one of the most efficient sea-air logistics link in the world.
facing the free zone," Al Alawi said, adding: "The constant follow up
The official refuted previous statements that free zones in Iran have become a place for unbridled imports in contrast to their intended role.
Free zone companies export abroad about $4bn and provide 83,000 direct jobs.
The role of free zones in shaping and promoting competitive economy will be discussed at the Annual Investment Meeting (AIM) 2017 which will take place from April 2 to 4, at the Dubai World Trade Centre in Dubai, UAE.
Al Mazrouei, who toured the facility along with other officials, said: "Due to our excellent facilities and services, several companies within the free zone have expanded their operations, which just reinforces the fact that Hamriyah Free Zone is an ideal hub.
The event was attended by Shaikh Ahmed bin Saeed Al Maktoum, chairman of Dubai Civil Aviation Authority and chairman of Emirates Group, in addition to representatives of over 200 member international free zones, and a number of officials and economic entities in the UAE.
Ajman Free Zone is a free trade zone in Ajman, one of seven emirates in the United Arab Emirates located on the Arabian Peninsula and in the Persian Gulf.
Each Emirate has its own mainland and free zone territories.
Al Qudah told Petra that free zone exports during June amounted to JD267 million, an increase of 14 percent compared to the month of May, due to an increase in automotive sector exports inside and outside the Kingdom, notably in the Saudi market.
Unlike mainland LLCs, free zone companies are licensed by the free zone itself rather than the Dubai department of economic development.
Etisalat and Fujairah Free Zone have signed a partnership to deliver, on priority, advanced telecom and ICT services to the free zone tenants with direct access to Etisalat services.
More than 75 Cypriot businessmen and investors attended the second session of the Ajman Free Zone, (AFZ) of the United Arab Emirates which was completed in Nicosia, as stated in the announcement by the organizers.
BIOGH announced that the Masterplan for the Basra International Oil and Gas Free Zone has been formally approved by the Consulting Bureau ofthe College of Engineering at the University of Basra, and by the Iraq General Commission for Free Zones.