Search results
Results from the WOW.Com Content Network
As part of its plans to achieve economic diversification by 2030, the Abu Dhabi Government drew up plans to launch a multibillion-dollar industrial park and ports operation on a greenfield site in Taweelah (adjacent to the newly built Khalifa Port) which would become the emirate's first industrial free zone offering 100 per cent foreign ownership. [2]
The port’s container yard has nine of the world's largest ship-to-shore quay cranes, 42 automated stacking cranes, and 23 shuttle carriers. The onshore port area, which connects the port with Kizad (Khalifa Industrial Zone Abu Dhabi) hosts customs, immigration, container freight, inspection, and security facilities. [8]
Free zones may be broadly categorized as seaport free zones, airport free zones, and mainland free zones. Free-trade zone exemptions are: 100% foreign ownership of the enterprise; 100% import and export tax exemptions; 100% repatriation of capital and profits; Corporate tax exemptions for up to 50 years; No personal income taxes
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 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.
Melaka Batu Berendam Free Trade Zone (Texas Instrument, Dominant Semiconductor, Panasonic) Pasir Gudang Free Trade Zone, Johor; Port Klang Free Zone, Klang, Selangor; Sungai Way Free Trade Zone (Western Digital, Free Scale, etc.) Teluk Panglima Garang Free Trade Zone (Toshiba, etc.) Port of Tanjung Pelepas Free Zone, Johor
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 ...
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).