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KIZAD's anchor investor, Emirates Aluminium (EMAL), which aims to be one of the world's largest single-site Aluminium smelters, began operations in 2009. [7] It currently produces 800,000 tons of Aluminium at Kizad and with increasing demand for Aluminium, the local market will reach 1.3 million tons with the inauguration of its phase two very ...
The UAE has a number of free zones across Dubai, [1] Abu Dhabi, Sharjah, Fujairah, Ajman, Ras al-Khaimah and Umm al-Quwain. Free zones may be broadly categorized as seaport free zones, airport free zones, and mainland free zones. Free-trade zone exemptions are: [2] 100% foreign ownership of the enterprise; 100% import and export tax exemptions
The establishment of designated freezones in the United Arab Emirates (UAE) traces its roots to the nation's strategic vision for economic diversification.In the late 20th century, recognizing the need to reduce reliance on oil revenue, the UAE embarked on a deliberate initiative to create economic zones that would attract foreign investment, promote international trade, and foster innovation.
In April 2021 Dubai CommerCity launched, a free zone dedicated to e-Commerce. [5] The International Free Zone Authority (IFZA) is one of the most cost-effective and fastest-growing free trade zone in Dubai. This freezone was founded in Fujairah Emirate and has moved to Dubai Silicon Oasis (DSO), Dubai. [6]
Terms include free port (porto Franco), free zone (zona franca), bonded area (US: foreign-trade zone), free economic zone, free-trade zone, export processing zone and maquiladora. Most commonly a free port is a special customs area or small customs territory with generally less strict customs regulations (or no customs duties or controls for ...
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Kizad, one of the world's largest free and non-free industrial zones. Musaffah Port , the dedicated port for Abu Dhabi's Musaffah Industrial Zone. Zayed Port , the port of Abu Dhabi city.
Astromar Freezone - Astromar Free Trade Warehousing Zone is one of the fastest growing and most cost-effective Free Trade Warehousing Zone in Chennai. Our facility near Chennai's sea gateways is dedicated to facilitating Foreign Trade and Warehousing Zone (FTWZ).