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FreeFree ZonesZones RoleRole inin TheThe FinancialFinancial SurplusSurplus

Walid HAREB, CEO, Consultancy 2 DubaiDubai

Progress of Dubai has been phenomenal over the years.

There has been a lot of emphasis in Europe on business processes integration, efficiency and the establishment of industrial- commercial districts. Although with its implementation difference, Dubai has managed to capitalize its strength on its concept of free zones and cities.

The beginning of these extravagant development was marked with Jabel Ali and the Airport Free Zone, while media and internet city followed shortly. The government then initiated the light rail project to ease the load on the public transportation.

Work has also been started to build the tallest building in called Burj Dubai tower.

This is no doubt this will change the face of Dubai further. Dubai is proud of its adventurous construction projects.

The remarkable progress this city and the in all-purpose has made an astonishing impact worldwide.

A Member of Dubai Consultancy Group 3 DubaiDubai inin19921992

A Member of Dubai Consultancy Group 4 Dubai Today

A Member of Dubai Consultancy Group 5 Dubai in the Future

A Member of Dubai Consultancy Group 6 Dubai - Strategic Location

An Ideally Located, Ultra Modern Business Hub

Key Points about Dubai

z Open, transparent market z Easy access to regional markets z Pro-business attitude and government policies z Consistently strong economic outlook z Best regulatory environment z Cosmopolitan work environment z Well connected location z Thriving tourist destination z Safe and stable base for business z Free zones

A Member of Dubai Consultancy Group 7 The Region 2 billion people and a GDP of $7 trillion Free Zones In Dubai

z Dubai Financial Market z Free Zone Authority. z Dubai Airport Free Zone z Dubai International Financial Center z Dubai Cars & Automotive Zone z Dubai Aid City z z Dubai Investment Park z z Dubai Flower Centre z Gold & Diamond Park z Dubai International City z Dubai Multi commodities centre z Dubai Healthcare City z Knowledge Village z Dubai

A Member of Dubai Consultancy Group 8 FreeFree ZoneZone –– TheThe PlatformPlatform

A Member of Dubai Consultancy Group 9 Dubai – Growth Strategic

Vision 2010 – Dubai’s Growth Strategy

Horizon 3 R&D

Higher impact on knowledge economy Education Emerging Sectors

Horizon 2 -Biotech - Pharmaceuticals Technology -Enabled Services -Wireless Financial - Nanotech Horizon 1 Media Seed investment for future competencies Trade Telecom/IT Logistics Transportation Apply core competencies to new Tourism areas

Do what we do best, even better Lower impact on knowledge the economy

Short Term Long Term

A Member of Dubai Consultancy Group 10 Role of Free zones z Free Zones have been set up with the specific purpose of facilitating investment. Accordingly, the procedures for investing in the zones are relatively simple. z While the free zones are designed to complement and contribute to Dubai's growth and development, their legal status is quite distinct. Companies operating there are treated as being offshore, or outside the UAE for legal purposes. z The option of setting up in the free zones is therefore most suitable for companies intending to use Dubai as a regional manufacturing or distribution base and where most or all of their turnover is going to be outside the UAE.

A Member of Dubai Consultancy Group 11 Forthcoming Free zones

z Dubai Auto Parts City Free Zone Iraq Syria Jordan z Dubai Biotech Free Zone z Dubai Carpet Free Zone z Dubai International Arbitration Centre

Iran Egypt z Pakistan z Dubai Outsource Zone Free Zone Saudi z Dubai Silicon Oasis Arabia India z Free Zone Sudan z Dubai Textile City Dubai z E-Hosting Data Fort Free Zone Oman Bahrain z Heavy Equipment & Trucks Free Zone Qatar Kuwait z International Media Production Zone Free Zone Yemen z Mohammad Bin Rashid Free Zone

A Member of Dubai Consultancy Group 12

A Member of Dubai Consultancy Group