2nd Middle East Free Zone Forum calls for development of Free Zones to attract companies with sustainable developments
- United Arab Emirates: Sunday, March 17 - 2013 at 09:34
- PRESS RELEASE
The 2nd Middle East Free Zone Forum, organized by the Arab Business Club, the region's premier business networking platform for businessmen, investors and decision makers, and held under the patronage of His Highness Sheikh Juma Bin Maktoum Bin Juma Al Maktoum, the Honorary Chairman of Arab Business Club, concluded in Dubai, UAE, with calls for further development of the free zones to attract companies who adopt sustainable developments and green initiatives.
Mr. Hamdan Mohamed Al Morshedi, President and Chairman of the Board, Arab Business Club, said: "The 2nd Middle East Free Zone Forum served as an ideal platform to boost strategic partnerships and mutual relations among the region's key players and business leaders, through providing interactive opportunities that reflect positively on free zones' investments in the UAE and the region."
He added, "The wide participation of key director generals in the event will help in building an effective communication channels with CEOs and decision makers of the world's top corporations, to better discuss means of developing this growing sector and to better attract companies who evolve to serve their target audiences in a sustainable manner."
The speakers at the Forum estimated the growth rate of the free zones in the Middle East and North Africa at about 20% annually, with the UAE topping the rank in terms of the increase in the number of registered companies in around 30 free zones, covering sectors in finance,media, textiles,technology, health, education, FMCG, among others.
The Forum concluded with a call to action to further develop the free zones to serve as key investors' attraction through initiating additional incentives and infrastructure development.
Four years after its establishment as a global network with offices in both New York and Dubai, Arab Business Club now includes more than 8500 members of from 27 countries and functions as a platform that brings together elite businessmen, investors and decision makers from the region and from the world, with the aim of serving as a catalyst for investment opportunities.
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