Dubai Outsource Zone to highlight value-added services for banking and finance sector at MEFX 2008

Organised by Dubai International Financial Centre (DIFC) in association with Dubai World Trade Centre (DWTC), the event will be held from 1-3 June at the Dubai International Convention and Exhibition Centre. As the strategic partner, DOZ will showcase its comprehensive offerings for the regional and global banking and finance sector at Stand F1-1.

In its first edition, MEFX 2008 will focus on financial technology, banking products and professional services for the industry. Delivering a direct route to the market, the trade event will serve as a pivotal business development and marketing opportunity, connecting leading industry suppliers with local, national and international key decision makers in the banking and finance sector.

Ismail Al Naqi, Executive Director of DOZ, said: "We are receiving considerable interest from companies based in matured markets for setting up operations at the Dubai Outsource Zone. The region's unique value proposition both as an effective provider and receiver of outsourcing services find high favour with companies that are poised for dynamic growth.

"To benefit from outsourcing and increase productivity and profitability, companies need to consider reengineering their current processes. Outsourcing significantly helps businesses mitigate risk by managing the available resources to deliver vital capabilities, and DOZ plays a crucial role in offering these services for the modern day corporation."

Al Naqi will deliver a presentation on 'Advantages of Outsourcing in the Banking and Financial Industry', during the second day of the MEFX summit.

He added: "Dubai's growing importance on the global banking and financial landscape makes it an ideal time to host an event such as MEFX 2008 that will bring together visitors and vendors through specialized business match-making tools. We are looking forward to networking with the high profile international financial community and absorbing a dedicated business and education experience."

Serving as a vital centre for offshore disaster recovery, DOZ has evolved as an ideal base for both captive and third-party outsourcing operations, providing mid and high-end services in areas such as banking and finance, accounting, IT, payroll processing, engineering, R&D and design.

Total tax exemptions, full business ownership, unrestricted repatriation of capital, state-of-the-art infrastructure, latest technology service providers and telecom network, as well as a heightened data protection level are some of the exclusive advantages DOZ offers its business partners.

Key market leaders such as Mashreqbank Group, ABN AMRO, Arab Banking Corporation, and AXA have already set up operations at DOZ, taking advantage of the multi-faceted facilities offered by the free zone.