Money and business

Dubai Integrated Economic Zones Authority: 112 American companies registered within the zones "Dies"

New York, 13 November / WAM / Dr. Juma Al Matroushi, Assistant CEO for Investments and Partnerships at the Dubai Integrated Economic Zones Authority – DIES, revealed a wide group of American companies that have chosen the economic zones affiliated with the Authority, which are the Dubai Airport Free Zone, Dubai Silicon Oasis, and Dubai CommerCity, to be their headquarters and for their regional operations, explaining that these companies represent about 3.4% of the total number of companies in them, and their number reaches more than 112 companies.

Al Matroushi said in a statement to the Emirates News Agency, WAM, during his participation in the Dubai Business Forum in New York: “These American companies operate in a wide range of sectors such as aviation, logistics services, specialized consulting, technology, and future sectors, including BOEING, FEDEX, ABBOTT, DHL, Coca Cola, and many others.

Regarding Dies’ plans to launch incentives or agreements that facilitate the entry of American companies into the Emirati market, Al Matrooshi confirmed that Dies continues, through its strategy, to improve the quality of services provided to business sectors, investors and companies to higher levels of quality and efficiency in performance, and is focusing on strengthening its efforts to create new economic horizons characterized by diversity and pluralism, in addition to the ease of establishing and doing business, ensuring its readiness for the future and its ability to keep pace with the radical transformations taking place in various sectors.

He added that the integration approach between its economic regions is considered an essential factor in enhancing its role in supporting the national economy and building a system that serves all strategic sectors and contributes to enhancing the competitive capabilities of the Emirate of Dubai.

Al Matroushi pointed out that, in this context, the Authority and its economic zones periodically launch many initiatives and programs that provide investment and economic benefits and incentives to the various types of companies in which they are based, including American companies that are considered an essential part of the corporate system within the free zone. He pointed out that Diez seeks to build qualitative partnerships that provide direct benefit to the corporate community and entrepreneurs, and always welcomes various parties looking to enter into agreements that enhance its integrated system.

Al Matroushi pointed out that the UAE and the Emirate of Dubai continue to achieve important and qualitative achievements in attracting foreign investments and capital across a wide range of strategic sectors, despite the changes and instability in the global economy, which is evident at the level of the Emirate of Dubai, where economic zones play an important role and are considered an essential tributary to the emirate’s non-oil economy.

Al Matroushi pointed out that the contribution of the economic and free zones to the balance of foreign direct investment reached about 67% of the total foreign direct investment in Dubai, equivalent to 298 billion dirhams during the year 2023, according to estimates by the Dubai Data and Statistics Corporation, which highlights the importance of these zones as a basic pillar in achieving sustainable growth based on enhancing competitiveness, facilitating doing business, providing quality services, and employing modern technology.

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