Dubai South Launches A Variety Of Initiatives To Stimulate Economic Growth #Dubai - Dubai City Guide
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Dubai South Launches A Variety Of Initiatives To Stimulate Economic Growth
(24 April 2018)

 

Dubai South has announced that it launched a variety of diverse initiatives that aim to attract investment and provide incentives to the private sector. These initiatives come directly in line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to stimulate economic growth and reduce the cost of doing business.

Aircraft Registration Centre

Under the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, to swiftly implement these initiatives under the supervision of the Dubai executive Council, Dubai South has announced that it will immediately implement these initiatives in order to stimulate economic growth and attract foreign investment.

Dubai South revealed that its first initiative is to form a centre for private aircraft registration. Dubai South will work with the General Civil Aviation Authority to simplify both private aircraft registration and the transfer of ownership of private aircrafts. Dubai South will also exempt private planes from landing permit fees and will ease the entry procedures for private plane passengers, which will help promote Dubai as a world class centre for the private aircraft sector.

In terms of the industry and maintenance sectors, Dubai South has announced two new initiatives. The first includes reducing registration fees for companies that specialize in the manufacture and maintenance of airplane parts, in addition to building a regional manufacturing and maintenance centre. This initiative comes under the directives of the Dubai Industrial Strategy 2030 that the Dubai government announced in 2016, which seeks to develop Dubai into a global platform for innovative and sustainable industries.
As part of its second initiative in the fields of industry and maintenance, Dubai South will reduce registration fees for companies that specialize in manufacturing using 3D printing and will build special facilities for this industry, which helps to implement the emirate’s strategy of promoting Dubai’s status as a global leader in 3D printing by 2030.

An integrated area for the e-commerce and logistics sectors

Dubai South also indicated that it will develop an integrated area for the e-commerce and logistics sectors that meets the requirements of emerging companies in this industry, which will help promote Dubai’s position as a global e-commerce hub in light of the expectations that the e-commerce market will be valued at $20 billion in the GCC by 2020. This development will reduce the cost of doing business for companies by speeding up the process of setting up businesses and by combining all government services under a single window in order to save time and simplify procedures.

Customer retention initiative that includes competitive advantages

Dubai South’s initiatives included cutting costs for companies and launching plans to help satisfy clients, such as the ability to acquire combined licenses issued by the Department of Economic Development and the Dubai South Free Zone, which contributes in decreasing the cost of these licenses for companies by 50%.

Dubai South also announced another initiative that was designed to retain Dubai South's customers by allowing them to scale down their business and move from offices to business centres or from warehouses to office facilities at different sizes and at competitive prices. This initiative will reduce expenses for businesses by allowing them to maintain their investments and facilities while still managing their businesses at a lower cost.

His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority and Chairman and Chief Executive of Emirates Airline and Group, stated that His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has supported the emirate’s economy by launching initiatives that help stimulate economic growth, which reflects the strong ties between the wise leadership and the business sector, and reveals the strategic partnership between the private and public sectors.

His Highness Sheikh Ahmed bin Saeed Al Maktoum added that the aviation sector is considered one of the leading sectors in Dubai’s economy, and that Dubai South has launched these various initiatives in order to attract investments from this sector, which will promote Dubai’s status as an attractive destination for companies that specialize in the manufacture and maintenance of aircrafts.

HE Khalifa Al Zaffin, Executive Chairman of Dubai Aviation City Corporation (DACC) and Dubai South, remarked that Dubai South’s initiatives will witness positive results, adding that the level of services offered to international companies will enhance their competitiveness and their ability to succeed in regional and global markets.

Al Zaffin pointed out that the initiatives will help create an environment that attracts investments and provide added value to the global companies that operate in the economic zone. He added that Dubai South will devote its efforts to provide all the facilities that will help in realizing the vision of the wise leadership in attracting investment from global companies in strategic sectors, which will help to achieve the goals of the Dubai 2021 Plan.

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