Free Zones in the UAE - PKF International

economy. Benefits for DIAC investors include 100% foreign ownership, 100% tax free,
100% repatriation of profits. There are currently many international universities of higher
learning from diverse regions including Australia, India, Pakistan, Iran, Russia, Belgium,
UK and Ireland operating out of DIAC, however the authority expects to further house 25
international universities to cater to more than 30,000 students in the future.
These institutions offer programs that range in duration from one year to four years.
Major academic programs on offer include engineering, computer science, fashion
and design, biotechnology, environmental studies, quality management and business
management programs.
The selection of international universities depends on a number of criteria including
university ranking, strength and programmes that correspond to the UAE’s industry
needs. DIAC will be spread across an area of 25 million square feet. There will be areas
dedicated to the international education zone, research and development centres, sports
facilities, student unions and student and faculty accommodations.
However currently there is no mandate for the international universities based in DKV to
move to the DIAC. The set-up in DKV is not as appropriate for the universities that need
to expand as DKV will focus more on house training and human resources companies.
At DIAC universities have the option of either building their own campus or moving into
the ready-made buildings .
Features
• Government support services.
• Wellness centres, dining facilities and entertainment venues including movie theatres,
gaming centres etc.
• Student Accommodation
• Sports centres
• Multimedia library and other common facilities.
• Type of company activities include Universities, colleges, sports facility management,
library management, accommodation service provider, academic support services, etc.
36 PKF - Free Zones in the UAE - Free Zones in Dubai