His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates, in his capacity as Ruler of the Emirate of Dubai, issued Law No. (16) of 2021 establishing the Dubai Authority for Integrated Economic Zones
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates, in his capacity as Ruler of the Emirate of Dubai, issued Law No. (16) of 2021 establishing the Dubai Authority for Integrated Economic Zones. His Highness also issued two decrees appointing His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Authority for Integrated Economic Zones, and Dr. Mohammed Ahmed Al Zarooni, Chief Executive Officer of the Authority.
Two of the oldest free zones in the United Arab Emirates will be subject to the supervision of the new authority: the Dubai International Airport Free Zone, and its attached lands, and its Dubai Commercity, which is the first specialized free zone for e-commerce in the Middle East, Africa and South Asia. In addition to the Dubai Silicon Oasis, the areas that together constitute a qualitative economic community that includes more than 5,000 international companies, employing about 30,000 employees and contributing about 5% of Dubai's GDP.
The Dubai Authority aims to attract and attract investments, local and international companies and institutions to make the integrated economic zones the headquarters of its business and investments, as well as to enhance the competitiveness of the Emirate in all economic sectors, in particular retail trade, technology and modern technologies, Islamic economy, e-commerce, industries and logistics, and shipping, In addition to supporting services for these sectors, supporting small and medium enterprises and adopting creative ideas and projects.