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Dubai: Dafza Discusses Cooperation with Saudi Business Cities Authority

Source: www.export-egypt.com 6/5/2017, Location: Middle East

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Dubai Airport Freezone Authority (Dafza) has discussed with Saudi Arabia’s Economic Cities Authority (ECA) delegation, ways to strengthen cooperation and expertise exchange in areas of investment and economic development.

Dr. Mohammed Al Zarooni, director general of Dafza, welcomed the delegation, led by Mohanud Abdul Mohsin Helal, secretary-general for Economic Development at ECA.

The ECA delegates aimed to gain deeper understanding of Dafza’s two decades of successful management and operations to exchange experiences in terms of investment and economic development.

Dafza highlighted its efforts to enhance customer experience and efficiently attract foreign direct investments to the country.

Dr. Al Zarooni reiterated Dafza’s commitment to helping achieve economic integration in the region. He also cited the UAE’s historical relations with Saudi Arabia established by their leaders to attain common growth.

"Based on its mission to create an ideal environment for the success of potential investments, Dafza looks forward to contributing to and supporting the development of Saudi economic cities under the ECA

. Rest assured that we will live up to our commitment to supporting the transformation of these cities into highly competitive economic complexes. With over 20 years of leadership in attracting biggest international companies and substantial foreign capitals, we vow to engage in effective and fruitful expertise exchange and knowledge sharing with the ECA," he added.

"Dubai’s free zones have significantly helped drive the country’s economic development, with the emirate boasting of successful experiences, exceptional achievements, global infrastructure and facilities, and integrated local government bodies.

The city provides an integrated experience to all its foreign investors," Al Zarooni said.

Helal said, "Similar to our other initiatives, our visit has certainly enhanced the process of experiences’ exchange and contributed to the development of best practices necessary to provide special services to investors.

" "Such information sharing also improves cooperation between the two parties to attract quality investments.

During our visit to Dafza, we discussed re-exportation and promising investment opportunities to build vibrant free zone areas.

We are confident that our visit will positively impact our partnership," he said.

Both parties agreed to exchange knowledge and practices through a series of workshops, meetings and exchange programmes covering registration laws, government service delivery, municipal services, planning, investment development, and various means for attracting investors.

They will also cooperate on developing valuable common propositions and innovative investment opportunities for existing and potential investors of Dafza.

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