DUBAI, 27th October / WAM/ The Dubai Airport Free Zone Authority “DAFZA” discussed prospects for future cooperation and ways to raise the levels of economic and investment exchange between the UAE and the Republic of South Korea, with a delegation from the Korean Economic Zone Planning Office, as part of an official visit by the delegation to the free zone.
The delegation was received by His Excellency Dr. Mohammed Al Zarooni, Director General of the Dubai Airport Free Zone Authority and Amna Lootah, Assistant Director General, while the South Korean delegation was headed by His Excellency Moon Byung Joon, Consul General of the Republic of South Korea in Dubai, and included Choi Young Chun, Vice Consul General and Song Il Ahn, President Mission of the South Korean Economic Zone Planning Office and a number of officials in the office.
The delegation was briefed on a detailed presentation of the world-class infrastructure and facilities provided by the free zone near Dubai International Airport, which makes it an ideal base for dealers and foreign companies looking for an investment, economic and dynamic environment to perform business, in addition to the investment and tax advantages, administrative, technical and logistical services that ensure ease of doing business as well as About smart platforms and digital services that make Dubai Airport Free Zone one of the most developed and resilient free zones in the world.
The delegation also listened to a presentation on Dubai CommerCity, the first free zone for e-commerce in the Middle East, Africa and South Asia, and how to enable South Korean companies to benefit from the growth witnessed by the e-commerce sector in the region to expand at the regional level starting from the Emirate of Dubai as a global center for e-commerce. To the Free Zone’s portfolio of unique solutions, services, state-of-the-art facilities and industry-specific expertise that can help companies set up and do business.
The delegation was also introduced to “Trading”, a fast-growing electronic market that focuses on business-to-business trade in the Middle East and North Africa region and links global suppliers with the region’s markets, providing new opportunities for companies from around the world.
The visit included reviewing the role that the World Organization of Free Zones provides for the member regions in coordinating among members, conducting research, seminars and joint studies, organizing workshops, creating opportunities and exchanging ideas in a way that contributes to the development of free zones and raising awareness in the economic, commercial and investment circles.
His Excellency Dr. Mohammed Al Zarooni, Director General of the Dubai Airport Free Zone Authority, said that the Dubai Airport Free Zone targets various markets and important vital economic areas in the world that are witnessing great economic growth in order to attract companies from those areas that seek to expand in foreign markets to Dubai .. We reviewed during the meeting With the delegation of the South Korean Economic Zone Planning Office, Dubai’s prominent position in general and the Dubai Airport Free Zone in particular, and the investment opportunities that the free zone provides for companies to expand in the Middle East and the Gulf Cooperation Council countries.
Al-Zarouni added that the Asian continent is, in general, the largest trading partner of “DAFZA”, with 42.6 percent of the total trade of “DAFZA” last year, and we have plans to enhance this number during the next stage by launching a series of initiatives, projects and other incentive packages that will be strategic factors. Attracting more Asian investments, including from South Korea, to the Emirate of Dubai and the Free Zone.
It is noteworthy that the delegation’s visit included a tour of the facilities of the Dubai Airport Free Zone, including the dnata Cargo Center in addition to Dubai Commercity.