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Others include the Dubai Airport Freezone (DAFZA; the Dubai internet City; and the Dubai Media city. [4] 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.
After the opening of the Jebel Ali Port in 1979, a free economic trade zone was set up by decree of the Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum. Jafza commenced operations in 1985 with 19 companies offering standard-sized office units and warehouses to provide ready-built facilities to customers.
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.
The Microsoft sign at the entrance of the Dubai Microsoft campus, Dubai Internet City Dubai Maritime City, Dubai under construction in 2008. 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.
Jebel Ali port is located 35 km southwest of Dubai, in the Persian Gulf.The port is part of the Maritime Silk Road that runs from the Chinese coast to the south via the southern tip of India to Mombasa, from there through the Red Sea via the Suez Canal to the Mediterranean, there to the Upper Adriatic region to the northern Italian hub of Trieste with its rail connections to Central Europe ...
The process of assigning HS codes is known as "HS Classification". All products can be classified in the HS by using the General Rules for the Interpretation of the Harmonized System ("GRI") that must be applied in strict order. HS codes can be determined by a variety of factors including a product's composition, its form and its function.
DAFZ was established in 1996. It came into being as a part of the Dubai government's strategic plan to make Dubai an investment-driven economy. Today, it is one of the fastest-growing and pioneering free zones in the region, contributing to around 4.7 percent of Dubai's gross domestic product) It allows international investors a completely duty-free business setup and execution of services ...
The Minister, which includes: the Sultanate's commercial offices abroad, the office of the Sultanate of Oman; Dubai Commercial, Investment Services Center, General Directorate of Planning and Follow-up, Minister's Office, Consultants, Ministry Security Office, Legal Department, Internal Audit Department, Auditors Service Department, Documents Department, Electronic Information Security Section.