Link September Issue SEP 2017 fin - Page 25

Infrastructure shipping and maritime tourism. The candidacy is backed by the country’s competitive advanced marine infrastructure inclusive of 20 globally leading state-of-the-art ports such as Jebel Ali Port which is witnessing increased marine traffic. The UAE hosts many key marine trade events such as ‘Seatrade Maritime Middle East’ which attracts senior officials from leading cruise lines as well as tourism authorities, industry partners and international tourism and travel agencies. DAFZA enables customers to obtain dual licenses to operate across Dubai between DAFZA and DED to support the Dubai Government’s goal of establishing a diversified and flexible knowledge- based economy driven by innovation and investment. Move in line with MoU with DED to strengthen Dubai’s position as global economic hub, increase investment flows to Dubai & UAE The agreement aims to strengthen cooperation on initiatives targeting all aspects related to providing economic support for DAFZA’s main services. It will also facilitate collaboration on areas of common interest that help achieve the strategic objectives of both parties. H.E. Dr. Mohammed Al Zarooni, Director General of DAFZA, and H.E. Sami Dhaen Al Qamzi, Director General of DED, were the official signatories. T he Dubai Airport Freezone Authority (DAFZA), Dubai’s premier freezone aims at attracting local and national foreign direct investments (FDIs), recently signed a Memorandum of Understanding (MoU) with the Department of Economic Development (DED) in Dubai to allow DAFZA’s hosted companies to obtain dual licenses to operate across Dubai. The MoU is in line with intensified efforts The MoU aims to enhance coordination through the licensing and activities of companies operating in DAFZA. Applicants must obtain the approval of the freezone first, in accordance with the stipulated conditions. September 2017 25