DAFZA set to attract further Russian investments to UAE

05 May 2014

​Dubai Airport Freezone Authority (DAFZA) will be targeting Russian businessmen and investors to the UAE through a seminar hosted by the Freezone in Moscow on 29 April 2014, the seminar aims at raising awareness to investment opportunities in the UAE and supplementing bilateral relations between the two countries.

Taking place the Chamber of Commerce and Industry of the Russian Federation, the seminar will discuss the benefits of investing in Dubai. Speakers from the Russian Chamber of Commerce and Industry, Moscow Chamber of Commerce and Industry, Ministry of Economic Development of the Russian Federation and All Russia Public Organization «Business Russia» will speak at the seminar. Owners of businesses from six Russian regions will be represented at the seminar while authorities from the same regions will participate via video conferencing.

Jamal Bin Marghoob, Director of the Marketing & Corporate Communications Department at DAFZA, said, "As part of our ongoing efforts to attract FDI's and in line the with the UAE's national strategy, we are working to attract investments to Dubai, through our sales & marketing strategy. Our visit to Moscow will further supplement our strategy and as we will be working with the Russian government to meet with potential investors and discuss with them the benefits of operating out of the Freezone."

"DAFZA is targeting Aviation, freight & logistics, IT & telecommunications, pharmaceuticals, engineering, food & beverage, jewellery and cosmetics sectors in Russia, to set up their operations at the Freezone, as we have the ideal infrastructure, facilities and integrated solutions," Bin Marghoob added.

According to a recent statement by the Chairman of the Russian Business Council, Igor Egorov, he indicated that Russia has potential to increase the level of trade with the UAE, to at least five times higher.

Approximately 3,000 companies are currently operating in the Emirates, with trade turnover between the two countries reaching USD 1.5 billion in the first six months of 2013. Currently, the volume of Russian investment in the UAE is at approximately USD 57 million.

DAFZA is conveniently located next to Dubai International Airport. In addition to its prime location and attractive investment opportunities, international investors reap the benefits of dynamic growth through DAFZA's tax exemption and foreign ownership policies.