Dafza’s headquarters near Dubai International Airport

Dafza’s headquarters near Dubai International Airport

Dafza expansion work to start soon

01 October 2014

DUBAI Airport Freezone Authority (Dafza) has announced it will begin work in the next few months on a new complex on plots belonging to Al Wasl Real Estate Corporation. Completion will occur within 21 months of start of work

The latest expansion involves building light industrial units (LIUs) for companies operating out of the freezone. The project land will be spacious and enjoy a strategic location near the current headquarters of the freezone with proximity to all major roads, Dafza said.

“We are proud of all the achievements of the freezone, especially our latest one to branch out to other locations,” said Dafza director general Dr Mohammed Al Zarooni “We receive tenancy applications every day from local, regional and multinational companies. In order for us to accommodate this large number of applications looking to establish offices on our premises we decided to expand and build this complex.”

The freezone rented the location from Al Wasl Real Estate Corporation, Asset Management Group, one of the leading real estate and asset management organisations in Dubai. Both organisations, working together for the first time, hope this will open doors to future cooperation. Dafza is liaising with Dubai Customs to facilitate the movement of goods from and to local and foreign markets.

Hesham Abdulla Al Qassim, CEO, Wasl Asset Management Group said: “We are always on the lookout for like-minded companies and organisations we can partner and work closely with in efforts to achieve further sustainable development in Dubai. Partnerships like these highly contribute to addressing the demands of major companies, particularly in initiatives aimed at developing various sectors in the emirate. With the local market currently witnessing continuous growth, Wasl Asset Management remains fully committed towards playing a significant role in the move to position Dubai at the forefront of today’s global markets.”

The multinational companies operating out of the freezone operate in various industries including electronics and electrical, engineering and building materials, aerospace and aviation, logistics and freight, food and beverages and pharmaceutical.

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