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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 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.
A free zone authority is a designated economic area governed by its own set of regulations, which differ from those applicable to businesses outside the zone. Companies operating within free zones are typically non-customer-facing businesses, such as those involved in import/export, online operations, and other business activities that do not ...
Land free zone: [31] Krapina–Zagorje Free Zone (in liquidation) Danube Free Zone of Vukovar; Free Zone of Kukuljanovo (inactive) Free Zone of Port of Rijeka – Škrljevo; Free Zone of Split–Dalmatia (in liquidation) Free Zone of Zagreb; Port free zone: [31] Free Zone of Port of Ploče; Free Zone of Port of Pula; Free Zone of Port of Rijeka
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 ...
The media free zone twofour54 was founded in 2008. [7] It falls under Abu Dhabi Development Holding Company's remit, [ 8 ] [ 9 ] as a government-backed media and creative industries hub. [ 10 ] Former Universal executive Wayne Borg joined the company as chief commercial officer, a role in which he served until 2013.
Because of the calendar, Social Security recipients who get Supplemental Security Income benefits get their first 2025 check on Dec. 31, 2024.
AD Ports Group has five integrated business clusters Digital, Economic Cities & Free Zones, Logistics, Maritime and Ports. [10] Under the supervision of Abu Dhabi's Department of Economic Development, Maqta Gateway have developed and operates the Advanced Trade and Logistics Platform (ATLP) designed to unify trade and logistics services across Abu Dhabi, [11] including sea, land, air, and ...