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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. [11]
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 zone libre was also nicknamed the zone nono by the French, shortened from non occupée (unoccupied). [14] The occupied zone accordingly became the zone jaja (yes-yes zone). The zone libre was also called the royaume du maréchal ("Marshal Philippe Pétain's kingdom") by the French author Jacques Delperrié de Bayac. [11]
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Image Nation Abu Dhabi was established as part of an economic diversification strategy in Abu Dhabi, with a focus on promoting cultural development. [7] The goal was to create a media and entertainment industry that would contribute to the cultural identity and economic growth of the region. [8]
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