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DAFZA expands to meet companies' demand for freezone

Dubai Airport Freezone Authority aims to boost the UAE's economy.
Dr. Mohammed Al Zarooni, Director General of DAFZA and Hesham Abdulla Al Qassim, CEO, Wasl Asset Management Group.
Dr. Mohammed Al Zarooni, Director General of DAFZA and Hesham Abdulla Al Qassim, CEO, Wasl Asset Management Group.

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Dubai Airport Freezone Authority (DAFZA) has announced plans to build a new complex near the current headquarters of the freezone in order to meet the growing demand from businesses. 

Construction of light industrial units (LIUs) for companies operating out of the freezone will begin in the next few months and be completed in under two years. 

Dr. Mohammed Al Zarooni, director general of DAFZA said: "We are proud of all the achievements of the freezone, especially our latest one to branch out to other locations.

"We receive tenancy applications every day from local, regional and multi-national companies. In order for us to accommodate this large number of applications looking to establish offices at our premises, we decided to expand and build this complex.”

The freezone has rented the land from Al Wasl Real Estate Corporation and is liaising with Dubai Customs to facilitate the movement of goods from and to local and foreign markets.

Hesham Abdulla Al Qassim, CEO, Wasl Asset Management Group said: “We are always on the lookout for like-minded companies and organisations that we can partner and work closely with in the efforts to achieve further sustainable development in Dubai. Partnerships like these highly contribute to addressing the demands of major companies, particularly in initiatives aimed at developing various sectors in the emirate.

"With the local market currently witnessing continuous growth, Wasl Asset Management remains fully committed towards playing a significant role in the move to position Dubai at the forefront of today’s global markets.”

The multinational companies operating out of the freezone operate in various industries including Electronics and Electrical, Engineering and Building Materials, Aerospace & Aviation, Logistics and Freight, Food & Beverages and Pharmaceutical.

Airbus, Boeing, Red Bull, J. Tak, Roberti, and Recaro for furnishing aircraft, and Tally, Roper Middle East, Heriz Kolzer, Kokors Telecom, T Chatani & Ko and many others are among the most prominent multinational companies registered at DAFZA.

 

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