Source: Emirates Today
The “FDI Intelligence” magazine confirmed that the free zones in the UAE are still the most attractive destination for foreign direct investment, as it accounts for 15% of all global investment projects.
“As in previous years, Chinese free zones were the second most attractive,” said the magazine of the British Financial Times.
She added: “Foreign investment in free economic zones around the world remained stable in 2019, as these regions received 351 foreign investment projects in the past year, which represents about 23.5 billion dollars.”
Free economic zones have unique economic regulations – such as tax incentives and simplified customs procedures – that differ from most other parts of the country in which they are located.