Dubai Free Zones Council Approves Free Zones Business Portal
The Dubai Free Zones Council (DFZC) recently held its 15th meeting virtually, headed by His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Free Zones Council, to review the progress on several of its initiatives.
The Council approved the free zones business portal initiative, which will provide investors with a unified communications channel to reach all the free zones in Dubai and facilitate their decision-making process in choosing the most fitting free zone for their business needs.
Speaking on the meeting’s discussions, His Highness Sheikh Ahmed bin Saeed Al Maktoum said: “The post-coronavirus action plan for free zones supports their existing efforts to enhance their position in supporting the national economy.
"It also complements the development of a comprehensive geo-economic map for Dubai, in line with the with the Fifty-Year Charter, issued by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, following the Free Zones 2.0 model that aims to position Dubai as a world-class investment destination across sectors.”
His Highness highlighted that the near future requires an increased level of coordination and teamwork among all free zones to build a favorable economic framework that serves the strategic sectors of Dubai, and position it as a preferred destination for foreign investment and business set-up.
Council members also discussed establishing a unified record for free zone license numbers, where each free zone would have an exclusive code, in line with the unified database project.
Council members discussed as well the initiative related to the establishment of a zone exclusively for electronic games. The initiative aims to set in place priorities that would support investments, and position Dubai as a regional hub for the electronic gaming sector.
In conclusion, the Council discussed its collaboration with the Department of Economic Development in Dubai with regards to protecting consumer rights, initiating the memorandum of understanding that was signed earlier.
DFZC members agreed to increase coordination with the Department to ensure consumers peace of mind across sectors.