Free Zones in the UAE - PKF International
Free Zones in the UAE - PKF International
Free Zones in the UAE - PKF International
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Given hereunder are <strong>the</strong> various <strong>Free</strong> <strong>Zones</strong> established <strong>in</strong> <strong>the</strong> Emirate of Abu Dhabi:-<br />
1. Abu Dhabi Airport <strong>Free</strong> Zone 3.Two Four 54<br />
2. <strong>Free</strong> Trade and Logistics Zone (Taweelah)<br />
The <strong>UAE</strong> <strong>Free</strong> <strong>Zones</strong> have been among <strong>the</strong> strong pillars of <strong>the</strong> country’s economic<br />
performance attract<strong>in</strong>g much foreign <strong>in</strong>vestments, creat<strong>in</strong>g thousands of jobs, and<br />
facilitat<strong>in</strong>g <strong>the</strong> needed transfer of technology <strong>in</strong>to <strong>the</strong> country. Toge<strong>the</strong>r, <strong>the</strong> <strong>Free</strong> <strong>Zones</strong><br />
account for more than half of <strong>the</strong> country’s non-oil exports and underp<strong>in</strong> <strong>the</strong> <strong>UAE</strong>’s<br />
rank<strong>in</strong>g as <strong>the</strong> third most important re-export centre <strong>in</strong> <strong>the</strong> world.<br />
The <strong>Free</strong> <strong>Zones</strong> help <strong>in</strong> keep<strong>in</strong>g <strong>the</strong> eng<strong>in</strong>e of economic diversification roll<strong>in</strong>g by<br />
attract<strong>in</strong>g foreign <strong>in</strong>vestment <strong>in</strong> <strong>the</strong> private sector, which is central to <strong>the</strong> region’s overall<br />
plan aimed at reduc<strong>in</strong>g its economic dependence on oil, while creat<strong>in</strong>g employment for<br />
its nationals. Moreover, <strong>the</strong> <strong>Free</strong> <strong>Zones</strong> could prove to be <strong>the</strong> mechanism not only for a<br />
new impetus to diversification, but also for chang<strong>in</strong>g <strong>the</strong> very face of economic activity<br />
<strong>in</strong> this region.<br />
<strong>PKF</strong> - <strong>Free</strong> <strong>Zones</strong> <strong>in</strong> <strong>the</strong> <strong>UAE</strong> - <strong>Free</strong> <strong>Zones</strong> <strong>in</strong> <strong>the</strong> <strong>UAE</strong> 19
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