Business Bay Free Zone
is a new commercial and business cluster that will be located along a new extension of the Dubai Creek. It will extend from Ras Al Khor to Sheikh Zayed Road. Covering an area of 64 million square feet, the new initiative will provide a conducive environment and infrastructure for businesses from around the world to establish their local, regional and international headquarters.
Dubai’s Business Bay will be similar in nature to Manhattan or Ginza, which are the business centres for cities like New York and Tokyo.
The business cluster will extend several kilometers along an extended Dubai Creek starting from the Ras Al Khor area to the point on Sheikh Zayed Road where the previous Central Military Command existed. This whole area will turn into an active commercial and business district that will encourage leading firms to house their local, regional and international headquarters there.Mohammed Al Gergawi, CEO of Dubai Holding
said: ’Business Bay reflects the ambitious vision of Dubai and the role that the UAE is looking forward to play as a leading international commercial and business centre. And as His Highness stated, the essence of the project the first of its kind in the region lies in extending the Dubai Creek to allow for the construction of a huge new city within the city. The importance of this unique project lies not only in its size or cost, but also in the tremendous impact it will have on the local economy.
Business Bay will be managed by Dubai Properties, one of Dubai Holding entities. The business cluster will prepare the UAE to face future challenges in light of the major changes that business sectors in the world are witnessing. In fact, the competition between the traditional business sectors has taken new dimensions. This will be in favour of the sectors which invest in developing their infrastructure and work on providing an ideal environment for business.
We look forward to the role the Business Bay will play in making this country one of the best business centres in the world. This ambitious project is expected to attract large number of regional and international firms, especially with the modern infrastructure and the facilities that this project provides, in addition to the already existing rules and regulations that encourage the prosperity and stability of business in the country,’ Al Gergawi added.
According to the CEO of Dubai Holding, Business Bay will occupy an overall area of 64 million square feet. ’Business Bay will feature facilities such as towers for offices and accommodation, gardens, and a network for roads. It will also feature fascinating canals to add to the magnificence of the project.
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