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The Microsoft sign at the entrance of the Dubai Microsoft campus, Dubai Internet City Dubai Maritime City, Dubai under construction in 2008. A free zone authority is a designated economic area governed by its own set of regulations, which differ from those applicable to businesses outside the zone.
The Microsoft sign at the entrance of the Dubai Microsoft campus, Dubai Internet City. IBM building as seen from the Dubai Internet City amphitheatre.. Dubai Internet City (DIC) [1] (Arabic: مدينة دبي للإنترنت) is a neighborhood and an information technology and business park created by the Government of Dubai as a free economic zone in Dubai, United Arab Emirates.
Others include the Dubai Airport Freezone (DAFZA; the Dubai internet City; and the Dubai Media city. [4] In April 2021 Dubai CommerCity launched, a free zone dedicated to e-Commerce. [5] The International Free Zone Authority (IFZA) is one of the most cost-effective and fastest-growing free trade zone in Dubai.
Pages in category "Free-trade zones of the United Arab Emirates" The following 28 pages are in this category, out of 28 total. This list may not reflect recent changes .
The establishment of designated freezones in the United Arab Emirates (UAE) traces its roots to the nation's strategic vision for economic diversification.In the late 20th century, recognizing the need to reduce reliance on oil revenue, the UAE embarked on a deliberate initiative to create economic zones that would attract foreign investment, promote international trade, and foster innovation.
Al Sufouh (Arabic: الصفوح) is a locality in Dubai, United Arab Emirates (UAE). Located in western Dubai, Al Sufouh contains many new real estate developments and is home to several free economic clusters such as Dubai Knowledge Village and Dubai Internet City. Al Sufouh lies along Dubai's Persian Gulf coast and comprises two sub-communities:
DIFC is regulated by the Dubai Financial Services Authority, an independent regulator exclusive to the zone, and by its own court system, DIFC Courts, separate from the Emirate of Dubai's legal system and that of the federal government of the UAE. [3] DIFC follows the common law framework and operates in English. [4]
Terms include free port (porto Franco), free zone (zona franca), bonded area (US: foreign-trade zone), free economic zone, free-trade zone, export processing zone and maquiladora. Most commonly a free port is a special customs area or small customs territory with generally less strict customs regulations (or no customs duties or controls for ...