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It is expected to allow them to do business in the Free Zone [6] as well as in the mainland of UAE using the same business license. For Example, Sharjah Publishing City (SPC) Free Zone offers a Dual License for the investors enabling them to easily offer services in the mainland and Free Zone together. [7]
In 2010, the Hamriyah Free Zone Authority (HFZA) commissioned and AED 800 million contract for infrastructure expansion and development. It was set to increase its port capacity by up to 80% upon completion. [5] The free-zone is strategically located on the borders of Ajman and Sharjah, with direct access to Ras Al Khaimah.
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.
[citation needed] The main localities where British citizens are based include Dubai, Abu Dhabi and Sharjah. A number of Britons working in the UAE are high-salary white-collar job professionals. Probationary work permits are valid for up to six months for Britons.
Industrial Area 4 in Sharjah is a major commercial and industrial hub, located near to the Sharjah – Dubai border. It part of 18 industrial zones Sharjah, Industrial Area 4 is one of the sub-districts in the industrial zone surrounded by Abu Shagara and Bu Daniq to the west, Al Ghubaiba to the north, Industrial Area 5 to the east and Industrial Area 1 to the south.
Free-trade zones can also be defined as labor-intensive manufacturing centers that involve the import of raw materials or components and the export of factory products, but this is a dated definition as more and more free-trade zones focus on service industries such as software, back-office operations, research, and financial services.
The Hamriyah Free Zone Authority was established by an Emiri decree issued on 12 November 1995 and consists of a port and associated logistics and trade facilities. [32] Also established in 1995, the SAIF Zone is adjacent to Sharjah International Airport and is currently home to some 2,500 companies. The Sharjah Research, Technology ...
Hamriyah Port is deep water seaport and ancillary facilities located in the Hamriyah Free Zone in Sharjah, United Arab Emirates. The port is administered by the Department of Seaports and Customs, Government of Sharjah. The port is part of a free trade zone for companies and a