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.