Pandemic is ‘a time to separate what is necessary from what is not': Pope Francis    Hind Alfahhad's 'Sharshaf' wins $500,000 film production grant    Female Saudi ambulance driver happy behind the wheel    Stocks Rise to End Bitter Week, Dollar Jumps    Moscow ramps up COVID hospitals to handle 'big second wave' -sources    G20 Debt Service Suspension initiative Applications Rose to 46 Countries to Date, G20 IFA WG advances its agenda on Financial Resilience and Supporting the Recovery    France reports total coronavirus cases over 500,000 for first time    Inclusion and more public participation will help formulate better govt policies: UN chief    Saudi leadership congratulates Yemen's president on ‘September 26' anniversary    Dubai airport free zone signs MOU with Israeli chambers of commerce    KSrelief Continues Implementing Water Supply, Environmental Sanitation Project, in Hajjah Governorate, Yemen    S. P. Bala, legendary Indian singer, dead at 74    1,008 new coronavirus cases, two more deaths, 882 recoveries reported in UAE    Pandemic shocks world, reinforces need for multilateralism: Estonian prez    Despite ‘compromises', peace remains elusive in Yemen, says president    Corruption and tax-dodging ‘rampant', urgent reforms needed: UN panel    Saudi Press: King Salman's Speech Confirms Saudi Arabia‘s Firm Policy in Dealing with Global Issues    CAR president calls for better representation of Africa on Security Council    Weather Forecast for Friday    Brazil reports 32,817 new coronavirus cases, 831 deaths    The National Day and the birth of KAUST!    UNWTO maps sector recovery with new ‘Tourism Recovery Tracker'    Emirates adds five routes, brings network to 92 cities    Poets and musicians get ready for a new open mic platform    Former Australia batsman Dean Jones dies aged 59    CSG Sixes Saudi National Day event set    Saudi Arabia Achieves Significant Progress in International Indicators of Business Environment and Competitiveness    Coronavirus-hit Al Hilal out of AFCCL on a technicality    National Day/ Saudi Arabia Marks 90th National Day with Massive Air Show    MDLBEAST celebrates Saudi National Day with exclusive soundtrack and musical journey    Riyadh Ranks the 5th Smart City among G20 Member States' Capitals, on IMD Indicator    Happy National Day 90    Roma given defeat by Serie A for using ineligible player    Bahrain Bourse Rises    50 riders to take part in National Day show jumping competition    AlUla Date Festival to Launch Next Month    Every work has its fruits, so choose wisely    Wydad appeal over CAF 2019 Champions' final dismissed by CAS    Saudi Youths Transfer Saudi Arabia's Culture via Animation Production    Saudi Scholarship Program to Promote Football Talents, abroad, Co-sign Accord with Spanish Real Sociedad    French Open to allow 11,500 fans per day between the three show courts    Saudi Films' Festival virtual Events Continued    Saudi Films' Festival Events Continue, amid Wide-Scale Cultural Participation    Mediation center contributes to 22% decrease in divorces    Eid Al-Adha Prayer Performed at the Grand Holy Mosque    Pilgrims Perform Dhuhr and Asr Prayers in Arafat Holy Site    Senior Scholars Council Issues Decision No. 246 Regarding Attendance of Friday Prayer and Prayers at Mosques in a Case of Spread of Epidemic or Fear of its Spread    Custodian of the Two Holy Mosques Addresses Citizens and Muslims on Eid Al-Fitr    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

US companies' presence in Dubai Airport Freezone up
Published in The Saudi Gazette on 19 - 06 - 2010

The number of American companies operating in Dubai Airport Freezone is on continuous increase to explore business opportunities in the region, said Dr. Mohammed Al Zarooni, director general of Dubai Airport Freezone.
Speaking during a meeting with the American Consul General Justin Siberell at his office in the Dubai Airport Freezone, Dr. Zarooni pointed out that the American companies operating in the Freezone are of valuable quality and major contribution in the global and local economy.
Siberell was briefed on the facilities and incentives available for foreign investors setting up regional or branch offices at the Freezone.
The Dubai Airport Freezone is home to 122 American companies. Forty four of these companies are operating in distribution, 43 in assembly, 16 in consulting, nine in trade, six in service and three in the industry sector.
Some of the top US companies are Boeing, Heinz, National Air Cargo and Johnson & Johnson.
“Most people tend to believe that since the UAE is a major oil exporter, the trade relationship between the UAE and the US is based on oil. However the relationship actually is characterized by a set of high value trade and investment activities that often have little to do with oil,” said Dr. Zarooni. “Both countries have developed stronger economic ties in recent years, in which both countries experienced tremendous growth in trade and investments. The improved economic partnership reflects the UAE's role as a regional leader with regards to economic reform and openness to international trade.”
Siberell said,” UAE is one of the largest trade partner of the US and we look forward to further boost this kind of relations for the benefits of both countries.” “Dubai Airport Freezone provides the right infrastructure, facilities and business environment that suit many of the American companies to consider it as a platform for launching their businesses in the region.”
According to a report by the UAE Ministry of Foreign Trade, “US exports have increased from AED13 billion ($3.6 billion) in 2002 to over AED53 billion ($14.5 billion) in 2008. The UAE bought more US goods than any other country in the Arab world. UAE is the single largest import market for US goods in the Middle East for 2008.

Clic here to read the story from its source.