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UAE Freezones Biz News Updates
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DAFZA expands to increase economic and business opportunities in the UAE
 In
collaboration with Al Wasl Real Estate Corporation
Dubai Airport Freezone Authority (DAFZA) has recently announced its
expansion plans and vision to invest in a number of lands that belong to Al
Wasl Real Estate Corporation, and launch its economic project that aims at
supporting the economy of Dubai.
In order to meet the growing demand for global companies to start their
business in the freezone, DAFZA will initiate construction on the new
complex in the coming few months, and will be complete within 21 months. The
project is allocated to build light industrial units (LIUs) for companies
operating out of the freezone. The land that DAFZA will be building its new
complex on, is spacious and enjoys a strategic location near the current
headquarters of the freezone, in addition to proximity to all major roads
and exits.
On this occasion, Dr. Mohammed Al Zarooni, Director General of DAFZA said
"We are proud of all the achievements of the freezone, especially our latest
one to branch out to other locations." He added: "We receive tenancy
applications every day from local, regional and multi-national companies. In
order for us to accommodate this large number of applications looking to
establish offices at our premises, we decided to expand and build this
complex."
The freezone rented the location from Al Wasl Real Estate Corporation, Asset
Management Group, one of the leading real estate and asset management
organisations in Dubai. Being the first time to work together, both
organisations hope this will open doors to future cooperation. In addition,
DAFZA is liaising with Dubai Customs to facilitate the movement of goods
from and to local and foreign markets.
Hesham Abdulla Al Qassim, CEO, Wasl Asset Management Group said: "We are
always on the lookout for like-minded companies and organizations that we
can partner and work closely with in the efforts to achieve further
sustainable development in Dubai. Partnerships like these highly contribute
to addressing the demands of major companies, particularly in initiatives
aimed at developing various sectors in the emirate. With the local market
currently witnessing continuous growth, Wasl Asset Management remains fully
committed towards playing a significant role in the move to position Dubai
at the forefront of today's global markets."
With the increasing number of multinational companies at DAFZA, the freezone
took the decision to branch out and build the new complex, to fulfil the
growing demand for space. The multinational companies operating out of the
freezone operate in various industries including Electronics and Electrical,
Engineering and Building Materials, Aerospace & Aviation, Logistics and
Freight, Food & Beverages and Pharmaceutical.
Airbus, Boeing, Red Bull, J. Tak, Roberti, and Recaro for furnishing
aircraft, and Tally, Roper Middle East, Heriz Kolzer, Kokors Telecom, T
Chatani & Ko and many others are among the most prominent multinational
companies registered at DAFZA.
Sept 10, 2014 |
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Courtesy Zawya
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