DAFZA Expands To Increase Economic and Business Opportunities in The UAE

Dubai, UAE, September 10, 2014.Dubai Airport Freezone Authority (DAFZA) has recently announced its expansion plans and vision to invest in a number of lands that belong to wasl Real Estate Corporation, and launch its economic project that aims at supporting the economy of Dubai.

In order to meet the growing demand for global companies to start their business in the freezone, DAFZA will initiate construction on the new complex in the coming few months, and will be complete within 21 months. The project is allocated to build light industrial units (LIUs) for companies operating out of the freezone. The land that DAFZA will be building its new complex on, is spacious and enjoys a strategic location near the current headquarters of the freezone, in addition to proximity to all major roads and exits.

On this occasion, Dr. Mohammed Al Zarooni, Director General of DAFZA said "We are proud of all the achievements of the freezone, especially our latest one to branch out to other locations." He added: "We receive tenancy applications every day from local, regional and multi-national companies. In order for us to accommodate this large number of applications looking to establish offices at our premises, we decided to expand and build this complex.”

The freezone rented the location from wasl Real Estate Corporation, Asset Management Group, one of the leading real estate and asset management organisations in Dubai. Being the first time to work together, both organisations hope this will open doors to future cooperation. In addition, DAFZA is liaising with Dubai Customs to facilitate the movement of goods from and to local and foreign markets.

Hesham Abdulla Al Qassim, CEO, wasl Asset Management Group said: “We are always on the lookout for like-minded companies and organizations that we can partner and work closely with in the efforts to achieve further sustainable development in Dubai. Partnerships like these highly contribute to addressing the demands of major companies, particularly in initiatives aimed at developing various sectors in the emirate. With the local market currently witnessing continuous growth, wasl Asset Management remains fully committed towards playing a significant role in the move to position Dubai at the forefront of today’s global markets.”

With the increasing number of multinational companies at DAFZA, the freezone took the decision to branch out and build the new complex, to fulfil the growing demand for space. The multinational companies operating out of the freezone operate in various industries including Electronics and Electrical, Engineering and Building Materials, Aerospace & Aviation, Logistics and Freight, Food & Beverages and Pharmaceutical.

Airbus, Boeing, Red Bull, J. Tak, Roberti, and Recaro for furnishing aircraft, and Tally, Roper Middle East, Heriz Kolzer, Kokors Telecom, T Chatani & Ko and many others are among the most prominent multinational companies registered at DAFZA.