GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share
  •     Sami Al Qamzi: Will reinforce Dubai as an ideal investment destination and contributor to global economy
  •     Dr Mohammed Al Zarooni: MoU will enhance role of free zones in the emirate's economic development

Dubai, United Arab Emirates, 22 April 2018:  The Department of Economic Development (DED) in Dubai has signed a memorandum of understanding (MoU) with the Dubai Free Zones (DFZ) Council to facilitate business operations for free zone based companies.

The collaboration is driven by the shared commitment of the two entities to reinforce Dubai as the number one global hub for attracting businesses, facilitating processes for them and enabling them to concentrate on growth.

As a government entity, the DFZ Council looks after the development of free zones, seeking to attract investments, establish integration and coordination between different free zones in the emirate, and exchange expertise with DED through utilizing their expertise in preserving consumer rights and licensing economic operations in Dubai.

The MoU was signed by Sami Al Qamzi, Director General of DED, and Dr. Mohammed Al Zarooni, Secretary General of the DFZ Council, in the presence of several officials from the two entities.

Commenting on the agreement, Al Qamzi said: “The DED is keen to improving our services to promote sustainable economic development and facilitate business activity.

Through this agreement, we aim to streamline licensing procedures for businesses operating in free zones, thereby strengthening Dubai's position as a preferred investment destination.

Together with the DFZ Council we will work towards enhancing the role and contribution of free zones in Dubai in national economic growth and elevating to productivity in Dubai to the highest level.”

Al Qamzi added: “We are committed to continuously developing the business environment and infrastructure to ensure that the emirate retains its competitive advantage on a global scale.

Our efforts are focused on transforming Dubai into a sustainable and smart city of choice to live, work, and visit, as well as a key contributor to the global economy, as directed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.”

Dr Al Zarooni said: “We are pleased to sign this MoU with the DED to gain from its extensive experience as a well-established government institution.

We are confident that the DED will fully support our efforts to protect consumer rights, and facilitate licensing for businesses operating in free zones, allowing them to operate within the emirate.”

He added: 'The DFZ Council believes in the importance of developing consumer rights protection systems and the appropriate licensing laws for enterprises, as it seeks to enhance the role of free zones in Dubai's economic development in line with the emirate's vision to become one of the best sustainable investment destinations in the world.”

As per the MoU, the DFZ Council shall provide DED with a list of liaison officers for each free zone, to serve as the point of contact between the Free Zones Authorities and DED and coordinate in the event of any complaint within any free zone.

It also stipulates that DED shall provide services to consumers in the following cases: commercial fraud in the type, data, specifications or quality of goods and services, failure to comply with warranty or after-sale services, or forcing the consumer to resort to the authorised agent in case of defect in the product, failure to comply with the conditions of advertised promotions, non-execution of works or services agreed upon in writing, non-compliance with the terms agreed upon, any other practices by merchants that violate consumer protection laws, and purchase through websites of companies and institutions operating in Dubai.

Conditions applicable to free zone establishments requesting to work in the service activities within Dubai include providing an electronic link for the exchange of information and data between the free zone concerned and DED.

The establishment requesting the permit shall obtain the approval of its respective free zone authority and apply to DED in the prescribed form after ensuring that the service required to be authorised does not fall under any other regulatory body in the emirate except DED.

According to the MoU, DED will coordinate with each free zone separately and agrees on all detailed matters related to the MoU, such as inspection procedures and fines.

The Dubai Free Zones Council was established in April 2015 through Law No. 13 of 2015, issued by His Highness Sheikh Mohammed bin Rashid Al Maktoum. The core objectives of the council include developing Dubai's free zones and empowering them to attract investments, as well as establishing an enabling environment for the growth of industry, commerce, tourism, and the service sector.



Posted by : GoDubai Editorial Team
Viewed 4788 times
Posted on : Sunday, April 22, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : South Korea credits Trump for opening door to talks with North
Next Story : PCFC to Implement 3 Major Initiatives to Boost Economic Growth
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
The FW18 Trend Report From Weill Paris
Discover the Secret to Younger-looking, Radiant Skin
Keep your skin looking healthy and hydrated, naturally
Climax Mascara Never Fake It
Brighter Eyes with Skin Republic
Jessica Kahawaty in Dubai to Celebrate the Launch of SUKIN, Australia's No.1 Nat...
LOOTAH Perfumes brings a collection of delicate scents to fulfill the needs of t...
The Balmain Haute Elegance Oval mirrors the brand's soul
Brow Contour Pro 4-in-1 defining & highlighting brow pencil
The Rado DiaMaster Petite Seconde Automatic COSC The Rado watch at the top of th...
BodyO launches officially its AiPod for a full body check-up during the Gitex Fu...
Lexus Design Award 2019 open for entries
Joyalukkas adds another jewel to its crown with the inauguration of its third sh...
Get flawless skin with Rodial's new Booster Drops
Johnson's launches Fresh Hydration Range – Cleansed, hydrated skin in just #OneSwipe
Trend Alert! Giddy up on the best platform with your new horse-inspo ensemble fr...
The World of Aigner Wunderkammer
Elegant and feminine new Mini Bubble set to make a big splash
Introducing the GUESS Jeans Fall 2018 Collection'
Manero Peripheral (43 Mm) Classic Watchmaking Meets State of,the Art Technology
Curate your perfect Autumn Winter wardrobe, with Robinsons
Dubai Shopping Festival Returns With Much-awaited Mega Raffles
DS Podium Chronograph 1/100 sec
Daniel Craig Brings the Diver 300m to the Surface
Global Report Reveals That the “Feeling of Home” Is Moving Beyond Four Walls
Reinforcing Smartphone's Weakest Link: Huawei Could Launch Ultra-Fast Charging B...
Dubai's newest social hub - Bar Baar introduces ‘Thela Baar Brunch'
Corum Heritage Eleganza- Dedicated to the stylish woman
Malabar Gold & Diamonds to triple number of outlets to 750 and raise Group turno...
With more collections and a more spacious car parking, Kalyan Silks moves to El...
OMEGA gets set to time the Youth Olympic Games Buenos Aires 2018
Sharjah Government pavilion highlights digital transformation of Sharjah at GITE...
Joyalukkas Celebrates the Festival of Light with Irresistible Offers
Kibsons Expand Vegan Range
Health Shield Medical Center to Celebrate Women of the Capital
AXOR is the official partner for bathroom fixtures of the Design Hotels™ brand
Lacoste Introduces the Keep Playing Collection for Women
Nokia smartphones serves first slice of Android™ 9 Pie on the award-winning Noki...
Emirates Airline Dubai Rugby Sevens 2018 FactSheet
The Ford F-150 Raptor: Your Ultimate Partner for Off-Road Adventure
Sharjah Girl Guides Unleash their Power on International Day of the Girl Child
Mohammad Abdullah, President of Dubai Institute of Design and Innovation (DIDI)
Festival Plaza Announces Lulu Hypermarket at New Lifestyle Destination
SIBF 2018 Invites Young Visitors to the Wondrous Land of Edutainment
Western Digital powers AI-enabled storage for futuristic surveillance and security
Fifi & Friends - Now available at more outlets across the UAE
Nissan to Make Official On-track Formula E Debut
UAE Toastmasters community to host the world champion of public speaking
Make your home stand out this winter
Toyota's legendary King goes urban with the 2019 Land Cruiser Grand Touring Edition