DAFZA highlights substantial investment prospects for Singaporean firms during seminar
Dubai Airport Freezone Authority (DAFZA) has just recently concluded a workshop in Singapore, thought about one of Asia's leading financial centers, to sustain key efforts to attract regional investors to Dubai and develop robust ties with the Southeast Asian country's growing business community. Held in partnership with the Singapore Business Federation, the workshop featured DAFZA's wealth of rewards and advantages designed to support worldwide businesses seeking to establish a strategic market footprint in the emirate of Dubai and the rest of the MENA area. It likewise worked as an interactive platform to highlight Dubai's continuing development to turn into one of the world's leading business centers.
Numerous business meetings with Singaporean companies happened after the seminar titled 'Dubai: Where Global Businesses Meet.' The forum was conducted to open doors for leading Singaporean companies to explore the benefits of developing their existence in the Freezone. This move is seen to significantly increase the number of Asia-Pacific business presently operating in DAFZA.
Singaporean firms, which are among the most active Asia-Pacific exporters to Dubai, are amongst the top countries in DAFZA's Asia-Pacific companies. Singaporean business from high-value markets, including electronic devices, jewelry and gemstones, food and beverages, pharmaceuticals, nutrition and medical products, and automobiles, are running in DAFZA to date. DAFZA has been holding workshops in the Southeast Asian country to present opportunities for Singaporean businesses aiming to bring their international operations to the Arab markets. Amongst the points used up are Dubai's financial turning points, the positive company impact of the upcoming World Expo 2020, and DAFZA's competitive edge, premium services, state-of-the-art facilities, strategic location, and business-friendly policies.
Jamal Bin Marghoob, Director, Marketing and Corporate Communications at DAFZA, said: "DAFZA supports Dubai's transformation into an investment-driven economy according to the government's effort to diversify its economy away from oil dependence and develop varied income sources. The recently concluded seminar was another essential effort to promote strong cooperation in between the Freezone and Singapore's thriving business neighborhood. The event served as an ideal platform to highlight Dubai as a destination of choice amongst worldwide financiers and business owners preparing to broaden in the MENA region. We had a chance to discuss our offerings and popular role in terms of assisting boost their particular businesses in Dubai. Through this most current forum, we are positive that we effectively attained our objective of advancing DAFZA's relations with Singapore's business community."
The Freezone continuously attracts global investors thanks to its many key incentives, including 100 per cent tax exemption and foreign ownership; zero currency restrictions; business-friendly regulatory environment; employee sponsorship; a single-window convenience for administrative services; round-the-clock customs services and rapid cargo clearance; and dedicated logistics services and assistance.
