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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 Jebel Ali Free Zone (Jafza) is a free zone and a community. Businesses in industries such as logistics, electronics & electrical, automotive, food and agriculture, e-commerce, petrochemicals, and many more are based in Jafza. Its proximity to Jebel Ali Port, Al Maktoum International Airport, and the Expo 2020 Dubai site has helped it carry ...
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.
Website. www .dmcc .ae. The Dubai Multi Commodities Centre ( DMCC) is a commodities exchange and free-trade zone in the United Arab Emirates. It is located in the Jumeirah Lake Towers district of Dubai. The DMCC was created in 2002 and deals in four main sectors: precious commodities (e.g., gold, diamonds); energy; steel and metals and ...
Free zones in Dubai are managed and operated by the relevant authority. For instance, the Jebel Ali Free Zone Authority in Dubai is responsible for managing, operating and supervising the Jebel Ali Free Zone, one of the largest seaport free zones in Dubai. It has a subsidized rate of 32 percent on the country's Foreign Direct Investment (FDI).
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 ...
Website. www .difc .ae. The Dubai International Financial Centre ( DIFC) is a special economic zone in Dubai covering 110 ha (272 acres), established in 2004 as a financial hub for companies operating throughout the Middle East, Africa, and South Asia (MEASA) markets. DIFC is regulated by the Dubai Financial Services Authority, an independent ...
Kuwait's free trade zone (FTZ) was formally established in 1999 to expand businesses and lure the export industry. The zone was located in the western part of the commercial port of Shuwaikh. It was the only free trade zone in the country. In 2019, the Council of Ministers cancelled the free-zone, leaving Kuwait without a special economic zone.