Dubai World Trade Centre declared a free zone

DWTC-ConventionGateThe entrance to the Dubai World Trade Centre, located on Sheikh Zayed Road in Dubai. (Image source: DWTC)

Dubai World Trade Centre (DWTC) has been declared as a free zone as part of new laws and decrees issued by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, and Ruler of Dubai

DWTC includes the Dubai International Convention and Exhibition Centre, which hosts a number of leading international and regional exhibitions.

The decision to designate the site as a free zone will aim to boost the exhibition and conference industry in the emirate, as well as target local and international investments.

The DWTC zones includes free zones and districts managed and supervised by DWTCA, including DWTC and the Dubai Trade Centre Jebel Ali.

Helal Saeed Al Marri, director general of Dubai’s Department of Tourism and Commerce Marketing (DTCM), has been appointed as director general of the DWTCA.

DWTCA will be an affiliate of Investment Corporation of Dubai (ICD) as an incorporated public body with financial, administrative and legal independence. It will be responsible for establishing, developing and managing infrastructures and administrative services inside Dubai World Trade Centre.

The body will also define business activities, approve the general plan for DWTC’s zones, licensing, organising and overseeing construction, registering and licensing companies in DWTC’s free zone, and defining and collecting registration and licensing fees in addition to other authorities and capacities.

DWTCA can establish companies, invest in companies, buy and rent assets and coordinate with other free zones to facilitate the activities of companies.

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