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Free Zones diversify UAE’s business ecosystem

The free zones have played a pivotal role in promoting productive diversification within the UAE’s economy in recent years by supporting global investors seeking to expand their businesses to the Middle East and North Africa (Mena) region.

The chief executive officers (CEOs) of leading free zones in the country opined that the UAE has created a favourable environment for various businesses and attracted global investors in the fields of e-commerce, commercial, artificial intelligence, renewable energy and smart technologies.

With 46 free zones scattered throughout the country, each governed by its own regulations and catering to specific industries, the UAE appeals to global investors, particularly those interested in commercial enterprises, include the high return on investment, stable economic climate, and supportive government regulations.

The executives are of the view that the UAE’s free zones will continue to be a hub of growth and opportunity for global investors and businesses in the years to come despite competitive environment across the globe.

Khaleejtimes

https://www.khaleejtimes.com/business-technology-review/free-zones-diversify-uaes-business-ecosystem

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