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UAE, US to enhance trade and business

posted on 20/05/2013: 1492 views

Dubai Airport Free Zone (Dafza) and Dallas/Fort Worth (DFW) International Airport as part of a formal Memorandum of Understanding (MoU) signed between the two organisation assigned in March 2012, is building on its business networking acumen to jointly promote increased trade and business between the US and the UAE.

This is to make possible by mutually providing information and networking opportunities for business leaders, corporations, small and medium enterprises and entrepreneurs (SMEs) between the two international commercial hubs.

Since the signing of the MoU, both Dafza and DFW International Airport, which also has its own Foreign Trade Zone connected and affiliated with the airport, have been sharing best practices and investigating ways to further outreach to the business communities in both the UAE and US seeking to further expand their businesses into new international markets.

This continuing process has resulted in the coordination of a number of business and trade mission initiatives between the two regions, and a plan to increase the sharing of local business news and activities with the mutual distribution of local business newsletters. Additionally, DFW Airport's Commercial Development website, which provides detailed information on the US Foreign Trade Zone provides a link to Dafza's website to inspire potential investors to Dallas/Fort Worth to additionally consider Dafza as an operational regional hub for Middle East commercial expansion.

Dr Mohammed Al Zarooni, Director General, Dafza said, "The strategic alignment with DFW is a win-win agreement and I'm delighted to see some fruitful benchmarking practices between the various divisions of our entities. This is what we look forward to, with an objective to develop our services and enhance business partnership between our people and international investors particularly from the US,” concluded Dr Zarooni.

Jeff Fegan, CEO of DFW International Airport said, "As part of our growing reputation as the best entry point for business and travellers into the US, our success to date has been strongly influenced by our commitment to support and encourage our surrounding business communities and entrepreneurs to connect and seek opportunities abroad.”

"Since the launch of the daily Emirates Airlines flight between Dubai and Dallas/Fort Worth in February 2012 two of the most economically and commercially vibrant hubs in our respective regions are now directly connected, and with Dafza as our like-minded partner in Dubai, we are encouraging North Texas and American businesses to come to the UAE and use our and Dafza's extensive networks and expertise to confidently seek new business opportunities that lead to mutual growth. Likewise, with our own Foreign Trade Zone we are encouraging UAE based companies to consider Dallas/Fort Worth as a potential base for market expansion to the Americas,” Jeff Fegan added.

Dubai Airport Freezone is currently home to over 1,600 companies from various industry sectors, including aviation, freight and logistics, IT and telecommunications, pharmaceuticals, engineering, food & beverage, jewellery and cosmetics. Located strategically within the boundaries of Dubai International Airport, Dubai Airport Freezone offers a range of modern facilities with a state-of-the-art infrastructure.

International investors can enjoy dynamic growth through Dubai Airport Freezone's excellent incentive packages including 100 per cent tax exemption, 100 per cent foreign ownership and no currency restrictions. Situated at the crossroads of Europe, Asia and Africa, the Dubai Airport Freezone is a gateway providing access to over 2.5 billion consumers.

Located halfway between the cities of Dallas and Fort Worth, Texas, DFW International Airport is the world's fourth busiest, offering nearly 1,750 flights per day and serving 57 million passengers a year. DFW provides nonstop services to 145 domestic and 49 international destinations worldwide. – The Gulf Today


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