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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.
DAFZ was established in 1996. It came into being as a part of the Dubai government's strategic plan to make Dubai an investment-driven economy. Today, it is one of the fastest-growing and pioneering free zones in the region, contributing to around 4.7 percent of Dubai's gross domestic product) It allows international investors a completely duty-free business setup and execution of services ...
The UAE has a number of free zones across Dubai, [1] Abu Dhabi, Sharjah, Fujairah, Ajman, Ras al-Khaimah and Umm al-Quwain. Free zones may be broadly categorized as seaport free zones, airport free zones, and mainland free zones. Free-trade zone exemptions are: 100% foreign ownership of the enterprise
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City Centre Deira (Arabic: سيتي سنتر ديرة) is a mall located in Port Saeed, Dubai, United Arab Emirates, and is the original flagship mall in the Majid Al Futtaim Properties portfolio. City Centre Deira opened on 28 November 1995. It is located in the older part of the city on the crossroad between Sharjah, Bur Dubai and the Airport ...
As of August 2009, Dubai Duty Free was the biggest single airport retail operation in the world ahead of London's Heathrow and Seoul's Incheon airports. [citation needed] In addition to a wide array of duty-free shops and eating outlets, Dubai Airport has two open-air garden areas. Dubai Airport has numerous business centres located around the ...
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The opening of the Sheikh Rashid terminal at Dubai International Airport in 2000 saw the staff count at the various Dubai Duty Free locations throughout the airport rise to 900, which came with a 5,400 M 2 expansion of floor space. The turnover in 2001 rose to $222 million and in 2003, 20 years after it was established, finished off with a ...