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 3953 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
Cerruti 1881 Infinite Love
Oh, Sweetie Lipcolour!
Travel Light with Beauty Essentials from Glambeaute.com
Innovative Chronofighter Superlight Carbon is replete with Graham's formidable m...
Jaeger-Lecoultre Main Sponsor of the 75th International Film Festival of La Bie...
Marchon Eyewear and G-III Apparel Group Sign Exclusive Global Licensing Agreemen...
Tissot T-Race Cycling An adrenaline-fuelled ride
DKNY Fall 2018
Tommy Hilfiger Dressed Up Collections
Etihad Airways Celebrates President Xi Jinping's Visit With a Series of Cultural...
Summer Love by Mouawad
Huawei's New Range of Artificial Intelligent Smartphones Set to Change Your Self...
An Insight Into Easyshopping.ae
Canvas on Wrist – Swatch Partners Up With Riksmuseum
A New Watchmaking Encounter in Pink Gold at the Venice International Film Festival
DS Podium Chronograph - Sporty as ever, now with PrecidriveTM
The Maison Chaumet opens an exclusive pop-up at The Dubai Mall
Introducing Salvatore Ferragamo's Men's Sun and Optical Capsule
From skin to comprehensive aesthetic care: a 15-year journey called Kaya Skin Clinic
Go Down Memory Lane with Fashion Trends from the '90s
Inspired by legends, worn by new heroes, PUMA FOOTBALL brings you the AC MILAN 2...
Before we say Goodbye to Flamingoes and Pineapples, Celebrate Summer 2018 with k...
Dubai Camel Racing Club Honours Al Tayer Motors
The wide-awake, doe-eyed look
GUESS Launches Fall 18 Handbags
Enjoy DSS 2018 Offers at Parah
Accessing The Internet In Dubai: All You Need To Know
Your Baby and Child Travel Essentials Covered with Five Little Ducks
Ferrari's turbo-charged V8 is voted the best engine of the last 20 years
Hyperloop Transportation Technologies to Build China's First Hyperloop System
Michelin introduces the new MICHELIN PRIMACY 4 in GCC region
Pottery Barn Kids launches new ‘Back-to-School' collection
UAE Team Emirates' Alexander Kristoff Narrowly Misses Out on a Stage Win in a Ti...
Beat the Heat with these Summer Essentials
6-Day SCTDA Tour Guide Training Program Conducted by SUC
Danfoss celebrates the young engineers who participated in the EmiratesSkills Na...
PCFC and GDRFA helped 511 employees tie the knot over last 7 years
One Day Course in Dealing with and Managing Difficult Stakeholders
Rashid Hospital doctors save sea captain's life using a highly sophisticated pro...
Dubai Health Authority discusses collaboration with British healthcare firms.
Brunch with the Girls this Summer
MG Motor introduces new MG GS 2019 to the Middle East
IKEA Announces Upcoming Global Collections and Collaborations for 2019
Ensure clean and pure air in your home this summer
Roger Dubuis and Lamborghini Squadra Corse thrill visitors with enthralling Harr...
Finnair recognized as the ‘Best Airline in Northern Europe' for the 9th year in ...
Dragon Mart celebrates UAE-China Week with exciting line-up of traditional Chine...
Shop & Win this Weekend with Unbeatable ‘Unbox the Amazing' Deals and Promotions...
The Dubai Business Women Council looks to enhance economic relations with Serbia
Sharjah continues to become more affordable, with rents and sales prices falling...