DOZ at the centre of a huge upsurge in the region's outsourcing industry
DUBAI: 26 August 2006: Dubai Outsource Zone (DOZ) today announced the start of construction on Phase III of the infrastructure for its $200 million free zone for the outsourcing industry.
The third phase is being developed in response to the tremendous demand Dubai Outsource Zone has evoked from outsourcing companies in the region and from around the world.
Phase III of Dubai Outsource Zone will have a range of facilities customised to the needs of the outsourcing industry. One of the key features is a Plug and Play Centre that offers pre-built infrastructure equipped with cutting-edge technology. This centre provides a ready infrastructure that enables outsourcing service providers to start operations with minimal upfront investment.
Meanwhile, work on the first and second phases of Dubai Outsource Zone is nearing completion, with the first companies set to move in by October this year.
"Dubai Outsource Zone is at the centre of a huge upsurge in the region's outsourcing industry," said Ismail Al Naqi, Director of Dubai Outsource Zone. "Over 55 companies from the region, US, India, UK, and the region will move into Dubai Outsource Zone when it opens for business. Key industry sectors that will be represented in DOZ include Banking, Call centres, Insurance, Medical services and Information Technology," he said.
Phase I has five buildings in an area of 300,000 sq ft while Phase II and III have four buildings each spread over 250,000 and 200,000 sq. ft respectively.
Dubai Outsource Zone is the perfect base for both captive and third-party outsourcing companies to provide mid and high-end services in areas such as finance, accounting, IT, payroll processing, engineering, R&D and design. DOZ has evoked tremendous interest from Indian outsourcing companies as a location for their disaster recovery facilities.
DOZ provides a complete community infrastructure for the outsourcing industry to flourish. Besides commercial offices, retail facilities and a gymnasium, the free zone will feature a Research Centre for companies that offer outsourced research and development services (R&D), and a Networking Centre to facilitate collaboration and increased business opportunities within the community.
A significant feature of DOZ's overall master plan is a residential complex to be developed by private investors. The project will also include sports, leisure and retail facilities to provide professionals with the convenience of living and working in the same vicinity.
Dubai Outsource Zone is located on a site adjacent to the 'Academic City' project close to the Emirates Road and is spread over 3,000,000 sq. ft.
DOZ is targeting a share of 5 per cent of the global outsourcing industry. In five years, DOZ aims to attract nearly 300 companies.
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About Dubai Outsource Zone
Dubai Outsource Zone (DOZ) is the world's first 'free zone' dedicated to the outsourcing industry. DOZ offers a comprehensive infrastructure and environment for offshore service providers to set up global or regional hubs servicing the worldwide market. DOZ's offering includes 100% exemption from taxes, arguably the world's most reliable technology and communications infrastructure, a one-stop shop of support services and the best possible working environment. Key features of DOZ infrastructure, for which construction has started, include a Plug and Play Centre that will provide a ready infrastructure for BPO service providers to set up their operations and start providing their services. It contains a pre-built infrastructure for outsourcing companies equipped with the latest technology that enables companies to get their business up and running from the moment they move into DOZ. In addition, the development will include a Research Centre for companies that offer outsourced R&D services and a Networking Centre to facilitate collaboration and business opportunities within the community. A significant feature of the master plan is a residential complex to be built by private investors. The DOZ master plan also includes sports, leisure and retail facilities that provides professionals the convenience of living and working in the same locality. In addition, this inexpensive residential facility will reduce personal relocation costs for employees of companies in the Zone. With world-class infrastructure, a range of business enabling services, access to skilled talent, huge cost savings, business-friendly regulations and a strategic geographical location, Dubai Outsource Zone is all set to become one of the world's leading offshore hubs. DOZ is being built on a site adjacent to the 'Academic City' project close to the Emirates Road in Dubai.
For further information, please contact:
Rami Adwan
Senior Account Executive
JIWIN
The Public Relations Arm of Dubai Press Club
Tel: +971 4 361 3333
Dir.:+971 4 3613586
email: rami.adwan@jiwin.ae
© Press Release 2006
