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 ?
Apart from the 'World Free Zone Expo,' IREIS 2019 will also host a series of top-notch interactive networking events such as the 'International Investment Conference 2019;' the 'International Residency and Citizenship Expo' in addition to the 'Start-up Pavilion' and the 'Innovation Hub Awards 2019'.
He also submitted that there is no evidence brought before Court which in any way or manner brings the application of the environmental law, in respect to the process performed by Hayleys Free Zone.
He added that Salalah Free Zone is also working on new investments worth more than US$1bn, which will be announced soon.
"At Ajman Free Zone, we are focused on creating an intuitive, seamless and hassle free technology infrastructure for businesses and entrepreneurs to innovate and thrive", said Mohammed Al Shaya, executive director, Technology Sector, Ajman Free Zone.
The Ministry of Maritime Affairs briefed the meeting about various concessions granted to the Gwadar Port and Gwadar Free Zone, according to an official statement issued by the finance ministry.
Value of Nasr City's Public Free Zone's production reached $1.2bn over 2018, of which $1bn exported, Abdel Wahab noted.
UAE free zones are areas where foreigners could currently control more than 49% of business without a need for a local partner.
Through this agreement, the Ajman Free Zone looks to implement the best global practices for selling seized cargo based on judicial orders, remarked Mohammed Al Midhani, the director of the Department of Inspection and Labor Affairs, after signing the pact with Omar Matar Al Mannai, the executive director of Emirates Auction, in the presence of Fatima Salem, the acting director-general of Ajman Free Zone.
He pointed out companies from specific sectors are increasingly looking at moving into one free zone as it benefits them from cash-flow perspective because they are heavily involved in bilateral trade and dealings.
And whether it's one of the 45 in the UAE (30 in Dubai), or the many others across the region, each free zone offers much more than ownership benefits to attract investors.
The ninth meeting of the Dubai Free Zones (DFZ) Council, led by HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DFZC, discussed initiatives to promote foreign direct investment (FDI) flows to the emirate's free zones.
In line with the Dubai 10X initiative, DAFZA announced 'Dubai Blink', a B2B smart commerce platform, and the second is the 'Free Zone Exchange -- FZExchange', a stock exchange dedicated to trading shares of free zone businesses.
The past three years saw some discrepancy in the free zone export volume, which reached Dh221.3 billion in 2015, before declining to Dh211.4 billion in 2016 and then rebounding significantly last year in a way that reflects the boom witnessed in the non-oil sector.
The Department of Economic Development (DED) in Dubai has signed a memorandum of understanding (MoU) with the Dubai Free Zones (DFZ) Council to facilitate business operations for free zone based companies.
Governorate of Dhofar, which is now recognized at the shipping documents of more than 140 countries as a free zone with dry port .