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FTZs in Dubai and the UAE are governed pursuant to a special framework of rules and regulations. A Free Zone Authority offers business licenses to foreign-owned businesses. Each Free Zone is designed around one or more industry categories and only offers licenses (e.g. for a Free Zone Enterprise (FZE)), to companies within those categories.
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.
Dubai Food City. Dubai Food City is a free economic zone development project in Dubai, [1] which is in planning stages. The food city will be able to hold 400-500 companies, [2] it is meant for the wholesale food merchants. Dubai Food City is estimated to cost US$200 million (AED 734 million), its first phase was expected to be completed in 2012.
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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 ...
Dubai suffered from a significant economic crisis in 2007–2010 and was bailed out by Abu Dhabi's oil wealth. Dubai's current prosperity has been attributed to Abu Dhabi's petrodollars. [39] In 2014, Dubai owed a total of $142 billion in debt. [40] The UAE government has worked towards reducing the economy's dependence on oil exports by 2030. [41]
Al Ain. Al Ain (Arabic: ٱلْعَيْن, al-ʿayn, literally, the spring) [4] is a city in the Emirate of Abu Dhabi, United Arab Emirates and the seat of the administrative division of the Al Ain Region. The city is bordered to the east by the Omani town of Al-Buraimi. Al Ain is the largest inland city in the Emirates, the fourth-largest city ...
The Free Trade Zone of Umm Al Quwain (UAQ FTZ) was established in 1987. It was previously known as Ahmed Bin Rashid Port and Free Zone. The UAQ Free Trade Zone has been awarded the winner of the Qadat Al Tagheer Award for the “Best Free Zone for Start-ups and SMEs” at the 5th UAE - India Economic Forum (UIEF) in 2019. [6] [60] [59] [61]