|
Free Zones Of UAE
- Abu Dhabi Airport Free Zone (ADAFZ)
- Abu Dhabi Ports Company (ADPC)
- Khalifa Industrial Zone Abu Dhabi (Kizad)
- Masdar City
- twofour54
- ZonesCorp
- Dubai Airport Freezone (DAFZ)
- Dubai Auto Zone (DAZ)
- Dubai Biotechnology & Research Park (DuBiotech)
- Dubai Cars & Automotive Zone (DUCAMZ)
- Dubai Flower Centre (DFC)
- Dubai Gold and Diamond Park (DGDP)
- Dubai Healthcare City (DHCC)
- Dubai International Academic City (DIAC)
- Dubai International Financial Centre (DIFC)
- Dubai Internet City (DIC)
- Dubai Knowledge Village (DKV)
- Dubai Logistics City (DLC)
- Dubai Maritime City (DMC)
- Dubai Media City (DMC)
- Dubai Multi Commodity Centre (DMCC)
- Dubai Outsource Zone (DOZ)
- Dubai Silicon Oasis (DSO)
- Dubai Studio City (DSC)
- ENPARK
- International Media Production Zone (IMPZ)
- Intl. Humanitarian City (IHC)
- Jebel Ali Free Zone (JAFZA)
- TechnoPark (TP)
- Hamriyah Free Zone (HFZ)
- Sharjah Airport International Free Zone (SAIF-Zone)
- RAK Free Trade Zone Authority (RAKFTZ)
- RAK Investment Authority (RAKIA)
- RAK Maritime City (RAKMC)
- Fujairah Free Zone (FFZ)
- Ahmed Bin Rashid FZ (ABRFZ)
- Ajman Free Zone (AFZ)
|
|
UAE Freezones Biz News Updates
|
|
Chinese firms expand footprint in Dubai commodities free zone
Dubai's Multi Commodities Center (DMCC), the largest free zone in the United
Arab Emirates (UAE), is counting on rising UAE-China relations for further
expansion.
"The DMCC's collaboration and partnerships with international entities such
as the Shanghai Pilot Free Trade Zone further underpin the DMCC's drive to
boost commodity trade along the West to the East corridor - connecting
directly with China's Belt and Road initiative," Krysta Fox, executive
director of DMCC Free Zone, told Xinhua in an exclusive interview.
Located in the skyscraper district of Jumeirah Lake Towers, the DMCC is the
UAE's largest and fastest growing Free Zone with over 12,900 member
companies.
"There are over 150 thriving Chinese businesses in the DMCC today including
Hisense, a multi-national white goods and electronics manufacturer, China
Petroleum and Chemical Corporation (Sinopec) and China State Construction
Engineering Corporation (CSCEC)," Fox said.
Earlier in October 2016, A high-level DMCC delegation visited the Shanghai
Pilot Free Trade Zone "to explore how we can best collaborate to benefit
both Shanghai and Dubai," Fox pointed out.
Several agreements were signed between the DMCC and Chinese entities in
2016, and the DMCC, the Free Zone where licensed firms enjoy a
50-year-tax-holiday and 100 percent capital repatriation, has high hopes
regarding further expanding its footprint in 2017.
Also in 2016, The DMCC announced a memorandum of understanding (MoU) with
the China Silver Group, China's largest silver producer.
In addition, the Bank of China announced it became a settlement bank on the
Dubai's Gold & Commodities Exchange (DGCX), the derivatives market for
commodities and currencies within the DMCC.
During the Dubai promotional Week in China in October 2016, the DMCC signed
three MoUs in Shanghai.
"Since the establishment of diplomatic relations between China and the UAE
in 1984, both countries have built and continue to deepen bilateral ties,"
said Fox.
"China is Dubai's top trading partner and with a strong representation of
Chinese businesses in the DMCC already. We see how businesses thrive and
grow in a Free Zone environment on a daily basis."
According to UAE Minister of Economy Sultan Al-Mansouri, the UAE's over 40
Free Zones account for over 30 percent of the country's non-oil trade and
are instrumental in diversifying the national economy.
As a major oil supplier, the UAE is also the most diversified economy in the
Arab world.
January 16, 2017
|
|
Courtesy China Daily Information Co
|
|
+UAE Freezones
|
Emirates Of UAE
- Abu Dhabi
- Dubai
- Sharjah
- Ajman
- Umm Al Quwain
- Ras Al Khaimah
- Fujairah
Business
- Search
- Trade centers in UAE
- Business in UAE
- How to Start a Business
- Incorporation Services
- Offshore Company
- Company Formation in the UAE
- No tax! - go for UAE free zones
UAE Offshore
- Jebel Ali Offshore
- RAK Offshore
|
Offshore Services |
|
Consultants For UAE Free Zones |
Utilities |
Keep in touch |
|
|
|
|
|
|
©. All rights reserved. | Terms and conditions | Privacy | Best view 1366 X 768 |