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: Free Zones in the UAE |
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Dubai Airport
Free Zone [DAFZ] |
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British Parliament MP Dismisses
Dubai Press Criticism, Is Impressed With Dubai
Airport Free Zone Expansion
“I invite you, the Honourable Members of the British
Parliament to witness the opportunities the Dubai
Airport Free Zone creates for its clients in the
Gulf,” Dr. Mohammed Al Zarouni, Director General of
Dubai Airport Free Zone
UK is Dubai's No. 8 trade partner with trade valued
at AED 22 billion in 2007. A total of 2,395 British
companies operate in Dubai with 125 based in Dubai
Airport Free Zone
A high level delegation from the British Parliament
paid a visit to the Dubai Airport Free Zone recently
to see for themselves the wealth of opportunities on
offer to British businessmen and explore the
potential of the region.
“I am hugely impressed and delighted at the number
of British companies in the Dubai Airport Free
Zone,” said the Honourable Peter Luff, Member of
Parliament (MP) of Great Britain after hearing a
presentation on what is on offer for companies
setting up their offices at the Dubai Airport Free
Zone. He led a 13-man delegation which included
seven MPs and two state committee officers and
officials from the British Consulate.
The Honourable Mr. Luff represents
mid-Worcestershire in the British Parliament. He is
also Chairman of the Business and Entrepreneurship
Committee for England, Scotland and Wales.
“Our visit to Dubai will be followed by a visit to
Abu Dhabi and later on to Riyadh in Saudi Arabia to
seek business opportunities. Our highest priority in
the Gulf is the UAE and Dubai and I am impressed
that this priority has been translated into
practical reality on the ground and we are here to
see what can be done to improve it.”
He added that Dubai has done well which is reflected
in the number of visitors and investors coming to
the emirate. Commenting on the negative media
coverage of Dubai appearing in the British media,
Mr. Luff said “I would advise people in Dubai not to
worry too much about it. The British media is a law
unto itself; they later destroy whoever they talk
to.”
Mr. Luff added, “After my visit to Dubai I will
bring back a positive message and impression of
Dubai and the Dubai Airport Free Zone.”
Commenting on his impression of Dubai's growth after
the presentation, MP Lembit Opik, a delegation
member said “I am very positive and happy to write
an article on my views on Dubai and the Dubai
Airport Free Zone in my magazine.”
Mr. Luff's delegation were welcomed by Dr. Mohammed
Al Zarouni, Director General of the Dubai Airport
Free Zone, Mr. Nasser Al Madani, Assistant ‘Director
General and other senior executives of the Free
Zone.
“The UK is Dubai's No. 8 trade partner with 2,394
British companies operating in Dubai. Total trade
between Dubai and the UK was valued at AED 22
billion in 2007,” said Dr. Mohammed Al Zarouni,
Director General of Dubai Airport Free Zone in his
address to the delegation. “British companies
comprise 8% of the total number of companies based
at the Dubai Airport Free Zone with 125 companies
listed at present. These companies are in the
Automotive, Biotechnology, Aviation and Consultancy
service.”
Replying to a delegate's question on how the Dubai
Airport Free Zone's expansion plans have been
affected by the economic downturn, Dr. Al Zarouni
said “We are going ahead with our plans up to the
year 2015 and it is on track. What we are doing is
prioritizing, moving some components of our strategy
ahead by six months or postponing other elements as
we see fit.”
On the question of competition with other Free Zones
in the country, Dr. Al Zarouni explained that what
the Dubai Airport Free Zone does complements what
the other Free Zones in the UAE are doing. “A
healthy, friendly competition is good for us as it
improves performance and in the end it benefits the
clients.”
Dr. Al Zarouni called on the British MP's to help
convey the message to British companies “To take
advantage of the opportunities available to them in
the Dubai Airport Free Zone and in the UAE and
encourage them to come to this market and form joint
ventures with local businessmen.”
“As part of its extensive presence among British
investors and traders in UK, Dubai Airport Free Zone
will conduct a seminar at Arab British Chamber of
Commerce in London during the month of June and
arrange meetings with British companies.” |
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Courtesy DubaiCityInfo.com
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Hot
properties in UAE - Freehold |
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