DAFZA plays a vital role in facilitating commercial ties between international trade partners and the UAE by developing investment opportunities and foreign ownership policies.
DUBAI – The percentage of Singaporean tenants in Dubai Airport Freezone has increased to represent 24 per cent of East Asian companies operating out of the Freezone. In partnership with the Singapore Business Federation, DAFZA senior officials met with top executives at one of the most prominent economic hubs in the world as part of a series of seminars this week aimed at maintaining the United Arab Emirates’ strong economic ties with Singapore.
This comes at an appropriate time as the Abu Dhabi-Singapore Joint Forum estimated the value of trade between the UAE and Singapore at USD 20.8 billion.
Jamal Bin Marghoob, Director of the Marketing & Corporate Communications Department, DAFZA, commented, “As a facilitator of international trade, DAFZA actively works to attract Singaporean companies through various marketing activities and working closely with our consultants. As a result, we have found a strong representation of Singaporean companies present in DAFZA and there are currently 25 Singaporean companies based out of the Freezone.”
Singaporean companies operating out of DAFZA represent a variety of sectors including automotive, healthcare, electronics, as well as products and services for the oil and gas industries. In addition to its prime location and attractive investment opportunities, international investors reap the benefits of dynamic growth through DAFZA’s tax exemption and foreign ownership policies.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.