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 4850 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
BodyO launches officially its AiPod for a full body check-up during the Gitex Fu...
The World of Aigner Wunderkammer
Halloween “Catwoman” mask using BROW products
Fifi & Friends - Now available at more outlets across the UAE
Win up to 250,000 Gold coins at Malabar Gold & Diamonds this festive season
Corum Heritage Eleganza- Dedicated to the stylish woman
Michael Kors to Introduce a Special-edition Whitney Handbag for the Middle East
BOLLYWOOD PARKS™ Dubai introduces 11 new shows with a new line up of performance...
Hour Choice presents Coach Park Collection (Suede straps)
Dubai's newest social hub - Bar Baar introduces ‘Thela Baar Brunch'
Sunglasses Trends for Fall/Winter 2018
Scuderia Ferrari Aspire Watch Special Edition Gift Set
Dubai Shopping Festival Returns With Much-awaited Mega Raffles
Saddle Up With kate spade Fall 2018
Neymar Jr. Partners With GaGà Milano as Brand Ambassador
CITIZEN Unveils 100th Anniversary Limited Edition Collection
Rado DiaMaster Ceramos Automatic
Trust Corine de Farme for Sulfate-Free Baby Products
L'oréal Among the Top 10 of Thomson Reuters Diversity & Inclusion Index
W Motors and Safe City Group introduce the BEAST PATROL at GITEX: One of the mo...
Introducing the Nokia 7.1 to the UAE
Malabar Gold & Diamonds partners with NBF for the second NBF Fujairah Run
Be Thankful with Tub of Butter This Thanksgiving
Sharjah Government pavilion highlights digital transformation of Sharjah at GITE...
HUGO BOSS Watches Jump Collection
Tissot Bella Ora Round Style incarnate
8 Jours Grande Taille a modern take on a classic timepiece
Toyota's legendary King goes urban with the 2019 Land Cruiser Grand Touring Edition
Nissan to Make Official On-track Formula E Debut
Tazio Nuvolari – Time is legend
Western Digital powers AI-enabled storage for futuristic surveillance and security
Cell Phones, Sporting Goods, and Soon, Cars: Ford Innovates with “Miracle” Mater...
Lacoste Kyoto Collection
Rado HyperChrome Diamonds
Golden Bridge Titane Dlc: The Clash Of The Titans
Happy Anniversary – Celebrating 30 years of the Regulator!
Baroncelli Big Date collection from Mido
Dubai Festival City Run 2018 to take place on November 9th
Eberhard & Co. Presents Scafograf 100
Avivo's Ribbon of Life Walk in support of Breast Cancer on 19th October
Healthcare leaders sign in Dubai a Call for Action to raise awareness about ‘sil...
Epson Introduces the New A3 and A4 business inkjet aimed at busy workgroups duri...
Daikin eyes significant expansion of business in the UAE
Dubai Business Women Council witnesses 36.5% growth in total membership since th...
Synx, Pand.ai, and AIMLedge named winners of startAD's Artificial Intelligence V...
Jeddah Airport delegation applauds Dubai Customs' experience in facilitating tra...
Roger Dubuis opens a new boutique in Monaco
Motiongate Dubai's Fright Nights Offers Something for Everyone this Halloween
National Day Camel Marathon set to take place in February
#MyDubai Competition offers Expatriates the Chance to Win a Trip for their Frien...