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Dubai highlights investment prospects for Singaporean firms
Posted Date 2016/07/01 06:19

Dubai Airport Freezone Authority (Dafza) today said it has recently concluded a seminar in Singapore, considered one of Asia's top financial centers, to sustain key efforts to attract local investors to Dubai and build robust ties with the Southeast Asian country's growing business community.


Held in collaboration with the Singapore Business Federation, the seminar featured Dafza's incentives and benefits designed to support global businesses seeking to establish a strategic market footprint in the emirate of Dubai and the rest of the MENA region. It also served as an interactive platform to highlight Dubai's continuing progress to become one of the world's leading business hubs.


Several business meetings with Singaporean companies took place after the seminar titled 'Dubai: Where Global Businesses Meet.' The forum was conducted to open doors for leading Singaporean firms to explore the benefits of building their presence in the Freezone. This move is seen to significantly increase the number of Asia-Pacific companies currently operating in DAFZA.


Singaporean firms, which are among the most active Asia-Pacific exporters to Dubai, are among the top countries in Dafza's Asia-Pacific companies.


Dafza has been holding seminars in the Southeast Asian nation to present opportunities for Singaporean businesses looking to bring their global operations to the Arab markets.


 Among the points taken up are Dubai's economic milestones, the positive business impact of the upcoming World Expo 2020, and DAFZA's competitive edge, premium services, state-of-the-art facilities, strategic location, and business-friendly policies.


Director, Marketing and Corporate Communications at DAFZA, Jamal bin Marghoob, said the recently-concluded seminar was another fundamental initiative to promote strong cooperation between the Freezone and Singapore's flourishing business community.


The freezone's incentives include 100 per cent tax exemption and foreign ownership; zero currency restrictions; business-friendly regulatory environment; employee sponsorship; a single-window convenience for administrative services; round-the-clock customs services and rapid cargo clearance; and dedicated logistics services and assistance.

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