Also present were representatives of the Chinese Embassy in the UAE, Hong Kong-based King & Wood Mallesons, Al-Futtaim Willis, Al Hilal Bank, the Singapore Business Federation (SBF) and the Singapore and Malaysia Business Councils in Abu Dhabi.
The gathering aimed to highlight the benefits of investing at SAIF ZONE as well as the opportunities and services offered to investors at what has become a leading global hub for attracting and helping foreign investment grow and expand not only in the region’s markets and but in the world’s.
HE Saud Salim Al Mazrouei said: “SAIF ZONE is currently hosting more than 8,000 companies operating in the commercial, industrial and service sectors. It offers an advanced technological infrastructure and a strategically important location.
The airport free zone also provides a conducive environment for business growth in addition to a range of competitive services and advantages that facilitate operating businesses, and enable investors to expand their activities in the region's markets”.
“We are one of the oldest and fastest growing free zones in the country that provides unparalleled advantages compared to other free zones in the world. We are constantly improving and investing in our services so as to go above and beyond the expectations of our customers and operating companies” Al Mazrouei underscored.
During the meeting, the free zone authority outlined some advantages, facilities and incentives offered to investors, reaffirming that it provides cutting-edge infrastructure and value added services, as well as multiple investment options including multi-space office, pre-fabricated warehouses, temporary warehouses and rental plots according to the needs and requirements of the institutions.
The authority stressed that its services also include customs facilities, full ownership of business and 24/7 services.
Fei Chin Kaw, President of Malaysian Business Council, was honored during the event in appreciation and recognition of her efforts to promote economic, trade and investment cooperation between the SAIF ZONE and the Malaysian companies.
Concluding the meeting, the participants expressed their appreciation for the SAIF ZONE’s efforts to provide investors with all services and facilities, stressing that SAIF ZONE has become a promising option for their companies' investments and an important springboard for expansion in the region's markets.
About SAIF ZONE
The Sharjah Airport International Free Zone is one of the oldest, largest and fastest growing free trade zones in the Middle East. It offers integrated services for investors, including state-of-the-art infrastructure and modern facilities, single window operation and unmatched work efficiency where all the service related formalities (like banks, customs, courier, post office, restaurants, etc.) are provided under single roof, saving investors’ valuable time and money.
The free zone’s incentives include 100% foreign ownership of businesses, 100 % repatriation of capital and profits, and 100% corporate or personal income tax exemptions, 100% import and export tax exemptions. This is in addition to 24-hour services, all licenses issued within one day, and a hotline that guarantees the availability of immediate manpower, equipment, shipment and customs clearance, 24/7 security and emergency services as well as labor accommodation within the zone.
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© Press Release 2019