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)
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UAE Freezones Biz News Updates
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UAE is a major investment hub for Indian businesses
His Highness
Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy
Supreme Commander of the UAE Armed Forces, with Prime Minister Narendra Modi
at the 2017 Republic Day celebrations in Delhi.
India enjoys close and multifaceted bilateral ties with the UAE,
with regular high-level visits and extensive people-to-people contacts
India, which continues to be among the fastest-growing large economies in
the world, offers tremendous opportunities for investors from the UAE and
the Gulf region.
Similarly, the UAE too is seen as a major investment hub for Indian
businesses, many of who have been investing funds into the country in recent
months. Bilateral investments between the two countries are expected to
surge over the coming months, with respective governments promoting such
investments.
India-UAE business and trade ties got a major boost following the visit of
His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi
and Deputy Supreme Commander of the UAE Armed Forces as the Chief Guest for
the January 26, 2017 Republic Day celebrations in Delhi.
Several agreements and memorandums of understanding (MoUs) were signed
between the two countries during the high-profile visit, when the Crown
Prince interacted closely with Prime Minister Narendra Modi. They included
- Comprehensive Strategic Partnership between the India and the UAE
- Oil Storage and Management between Indian Strategic Petroleum Reserves Ltd
and Abu Dhabi National Oil Company
- Technical development and cooperation in cyber space between National
Security Council Secretariat and National Electronic Security Authority of
UAE
- Cooperation in the field of Defence Industry
- Institutional Cooperation on Maritime Transport
- Bilateral Cooperation in the Road Transport and Highways Sector
- Cooperation in the field of Small and Medium Enterprises and Innovation
- Trade remedial measures to promote cooperation in areas of mutual interest
India's Minister of State for External Affairs M.J. Akbar also made an
official visit to the UAE in October for the second round of India-UAE
strategic dialogue. The first round was held in New Delhi in January 2017.
India enjoys close and multifaceted bilateral ties with the UAE, with
regular high-level visits and extensive people-to-people contacts. Prime
Minister Modi visited the UAE in August 2015 and last year's visit by Sheikh
Mohamed bin Zayed elevated the relationship to a comprehensive strategic
partnership.
Bilateral trade between the two countries adds up to $53 billion; the UAE is
India's third largest trading partner; India is the largest trading partner
for the UAE.
The UAE is among the top investors in India in terms of foreign direct
investments. It contributes significantly to India's energy security and was
the fifth-largest supplier of crude oil to India in 2016-17.
And the 2.6 million-strong and vibrant Indian community forms the largest
expatriate group in the UAE.
Ties between the countries are expected to strengthen significantly even in
2018. Earlier this month, Dr. Ahmed Abdul Rahman AlBanna, the UAE Ambassador
to India, met the Indian Minister of Commerce and Industry, Suresh Prabhu,
in New Delhi.
The UAE diplomat extended an official invitation to the minister to
participate in the eighth edition of the Annual Investment Meeting due to be
held from April 9 to 11, 2018, at the Dubai World Trade Centre.
Interestingly, the theme of the meet this year is 'Linking Developed and
Emerging Markets through FDI Partnerships for Inclusive Growth & Sustainable
Development.'
The UAE Ambassador briefed the Indian minister on the success of the 7th
Annual Investment Forum, which attracted more than 19,000 public and private
sector participants from 141 countries and over 100 eminent personalities.
The Ambassador recently also met officials of the Punjab and Haryana (PHD)
Chamber of Commerce; the chamber decided to create a ginger group of
influential Indians from all walks of life to act as catalysts in deepening
economic relations between India and the UAE.
According to the UAE diplomat, the four major sectors of foreign direct
investment (FDI) from India to the UAE include transportation and vehicles,
food processing, information technology and energy.
And of course, the real estate segment in the UAE, especially Dubai,
continues to attract a lot of investments from Indians. Sultan Butti bin
Mejren, Director-General, Dubai Land Department (DLD), said recently that
Indian investors occupy a leading position among the top-three nationalities
investing in Dubai every year.
India has a huge number of investors looking for exceptional international
investment opportunities, and Dubai is certainly able to answer this demand
with its diverse investment options and attractive real estate environment,
he declared.
And India too is emerging as a major destination for investments from the
UAE. The country is the 10th largest investor into India in terms of FDI.
UAE-based companies - who have invested about $8 billion into Indian
projects (with $3 billion coming in the form of FDI) continue to show keen
interest in investing into India.
Leading UAE-based companies that are pursuing projects in India include DP
World, Abu Dhabi National Petroleum Company, Abu Dhabi National Energy
Company, Emaar, Drake and Scull International.
The two countries are also working on a $75 billion fund for investments in
infrastructure projects including roads, railways, ports, defence equipment,
nuclear energy and space.
UAE-India ties
- Bilateral trade between the two countries adds up to $53 billion
- The UAE is India's third largest trading partner
- India is the largest trading partner for the UAE
- UAE is among the top investors in India in terms of FDI
- Fifth-largest supplier of crude oil to India in 2016-17
- Largest expatriate group in the UAE of 2.6 million
- UAE is the 10th largest investor into India in terms of FDI
- UAE-based companies have invested about $8 billion into Indian projects
We are honoured to celebrate the strong spirit of cooperation across all the
government entities of Dubai in line with the vision of His Highness Sheikh
Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE
and Ruler of Dubai. We all play a key role in realising the vision of our
leaders to develop the city and the nation into a global centre that is
tolerant, diverse and dynamic. The directions of Sheikh Maktoum bin Mohammed
has led the DIFC to success and as a leading international financial centre,
and in achieving its objectives and future aspirations.
- Essa Kazim, Governor of DIFC, at the recent Strategic Partners Awards
Ceremony
Indian investors occupy a leading position among the top-three nationalities
investing in Dubai every year.
- Sultan Butti bin Mejren Director-General, Dubai Land Department
Jan 17, 2018 |
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Courtesy Khaleej Times
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