– Sheikh Ahmed bin Saeed: The pliability of Dubai’s free zones is because of the imaginative and prescient of HH Sheikh Mohammed bin Rashid, geared toward accelerating the achievement of the targets of the Dubai Financial Agenda.
The Dubai Free Zones Council (DFZC) held its twenty fourth assembly, led by His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the DFZ Council, the place he emphasised that the flexibleness of Dubai’s free zones is because of the imaginative and prescient of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to realize the important thing targets of the Dubai Financial Agenda D33 – doubling the scale of Dubai’s financial system over the following ten years and strengthening its place consolidate into the highest three world cities.
His Highness stated: “Dubai continues to extend the flexibleness of its financial system based mostly on data, innovation and digital transformation. It’s creating its superior infrastructure, bettering its laws and modernizing the built-in and superior enterprise environments it provides to native and worldwide corporations.”
His Highness identified that Dubai’s free zones are a regional and international success story as a consequence of their helpful and various capabilities that allow worldwide corporations to simply set up headquarters and full worldwide transactions. That is the trail that the free zones proceed to observe in the present day, consolidating Dubai’s place as a most well-liked vacation spot for enterprise institution and progress.
His Highness additionally emphasised the significance of activating the position of Emirati youth and enabling them to benefit from the alternatives supplied by free zone corporations in Dubai in specializations important to the financial system of the long run.
The Council, in collaboration with the Ministry of Economic system and Tourism, assessed the outcomes of cooperation between the authorities of the free zones, the outcomes of the efforts of specialised committees of the licensing workforce, the IT workforce and the authorized workforce, by thirty workshops that had been held. organized to facilitate ease of doing enterprise, according to the Dubai Financial Agenda.
The Council mentioned regulating the actions of mainland institutions which have a free zone, supplied that authorized procedures are adopted. These actions embody acquiring a license from the respective licensing authority and coordinating with the related free zone authority, opening a department within the emirate to conduct enterprise actions from the identical location within the free zone, in accordance with the procedures imposed by the licensing authority.
Council members additionally famous that the Free Zones are dedicated to contributing to the belief of the Dubai Financial Agenda D33, and facilitating the journey of traders and founders by sustaining versatile working frameworks and patterns, and the design , operations and enlargement procedures inside an built-in enterprise ecosystem that covers all needed necessities and wishes, thereby strengthening Dubai’s rating in ease of doing enterprise.
He hinted at a sequence of measures that Dubai’s free zones are engaged on along with involved authorities to allow corporations to decide on their most well-liked free zones within the emirate, construct their capabilities and broaden globally. The measures additionally encourage startups and permit entrepreneurs to ascertain their companies within the free zones, which is essential given the significance of startups to Dubai’s future financial technique.
Council members agreed on the significance of highlighting alternatives for Emirati expertise amongst corporations in Dubai’s free zones, and introducing them to corporations in search of new expertise.
The Council was briefed on the digitalization and knowledge administration mission for the outcomes of the Dubai Demand Facet Administration Technique 2030, which can ship 30% financial savings in electrical energy and water consumption and assist the achievement of sustainability by 2030.