The 'World
Free Zone Expo Pavilion,' a first-of-its-kind specialised event to be held in Abu Dhabi, will bring together
free zones under one roof to engage with onshore and offshore companies and business start-ups to facilitate future strategic partnerships and collaborations and highlight promising investment opportunities.
Salalah: Russian President Vladimir Putin's special representative to the Middle East and Africa is currently on a visit of the Salalah
Free Zone. Mikhail Bogdanov came to Salalah to explore areas of economic cooperation on Monday, 26 August.
In the course of submissions, De Silva further submitted to Court that Hayleys
Free Zone does only a minor processing of the cargo and re-exports the separated components of the used mattresses to entities provided to Hayleys
Free Zone by the owner, for which Hayleys
Free Zone only receives a processing fee.
Salalah
Free Zone and Petiva Group have signed a memorandum of understanding (MoU) to set up the factory.
The Economic Coordination Committee (ECC) of the cabinet on Tuesday directed the stakeholders to sit again and thoroughly review the proposed income tax, sales tax and customs duty exemptions for the Gwadar Port Authority and Gwadar
Free Zone.
Mohamed Abdel Wahab, deputy head of the General Authority for Investment and
Free Zones, said that there are 209 projects at the Nasr City's Public
Free Zone with total investments of $3.4bn, including 143 industrial projects and 60 services projects, adding that this
free zone offered 72.2 job opportunities.
The current rules restrict foreign corporate ownership outside of
free zones to 49%.
As per the deal, EA will organise online auctions to sell cargo that has been seized based on orders from the Judicial Committee that falls under the Dispute Settlement Committee in the Ajman
Free Zone, and in accordance to the best global practices.
As a result of its
free zone status, GAC Abu Dhabi will be able to transfer cargo to any other
free zones in the UAE without having to pay customs duty.
Technically, Shah said, the Cabinet can add more
free zones, because tge VAT law says that
free zones with customs-restricted access will qualify for this, so if any other
free zone infrastructures are developed and meet this criteria, those can also be included in the designated zones.
This alongside the expansion of its
free zone landscape.