Dubai is stepping up efforts to make its free zones more appealing to investors.
Introducing long-term rental agreements of up to 50 years and a unified licence for companies to operate in multiple zones are some of the measures being considered.
Authorities have also been discussing initiatives to encourage more international firms to set up their regional headquarters in the emirate.
Free zones contributed AED 280 billion to Dubai’s economy during the first half of this year.
The proposals were discussed during a meeting of the Dubai Free Zones Council (DFZ Council).
The #Dubai Free Zones Council to implement one free zone passport for their companies, a unified license that allows businesses to operate across the emirate’s free zones.https://t.co/G7yfsPW9Q5 pic.twitter.com/sBuk8vjASz
— Dubai Media Office (@DXBMediaOffice) October 22, 2019
ByteDance denies media report of plan to sell TikTok
Photos: UAE’s first operational vertiport unveiled in Abu Dhabi
France's air traffic control strikes ground flights across Europe
Blinken to meet businesses in Shanghai as he kicks off tough China trip
Tesla promises 'more affordable' cars after shelving all-new Model 2
