DED, Media Free Zone sign co-operation pact
Dubai, June 1, 2009
The Dubai Department of Economic Development (DED) and The Dubai Technology and Media Free Zone Authority (DTMFZA) have signed an agreement to facilitate licensing procedures and provide a stronger growth-environment for investors.
As per the agreement, DED will open a new branch in DTMFZA to issue licenses, business registration services and save trade names for companies and corporations that are planning to do businesses in the emirate.
This initiative is aimed at enhancing the business diversity within Dubai Technology and Media Free Zone by increasing geographical proximity between clients and service providers.
It will contribute to adding more amenities and facilities to complement the lifestyle and operational requirements of the community, besides generating more business opportunities.
Sami Al Qamzi, DED director general and Ahmad Bin Byat, director general, DTMFZA, signed the agreement in the presence of officials from both the organisations at DED headquarters in Deira.
'The agreement comes in line with DED’s objective to enhance the performance of Dubai’s business sector,' said Al Qamzi after signing the agreement.
The Dubai Technology and Media Free Zone Authority is one of the strong growth drivers of the emirate’s economy and the new partnership will further enable investors to complete business initiation procedures swiftly, he noted.
'DED will co-ordinate with concerned local and federal government bodies and encourage them to establish their branches within DTMFZA and assign staff members to offer comprehensive services to investors looking to set up new businesses.'
'DED will also co-ordinate with DTMFZA to use DED’s data licensing and business registration system to review data and information related to all licenses,” he added.
Bin Byat said the agreement played a vital role in further strengthening the growth of the business sector in Dubai in line with the Dubai Government’s strategy.
It will also contribute to providing a business-friendly environment – a key factor for the success of Dubai, he stated.
“DTMFZA is committed to co-operate with concerned government departments such as DED to attract investment and encourage trade and economic motion at all levels,” Bin Byat added.-TradeArabia News Service