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DWC highlights opportunities in Dubai for Indian firms

DUBAI, September 8, 2014

Dubai World Central (DWC), the world's first purpose-built aerotropolis, has embarked on a six-day tour of India to establish relations with the country’s business community and promote its rapidly expanding Business Park Free Zone to local companies and investors.

The DWC delegation made its first stop in New Delhi before proceeding to Bangalore and Mumbai, said a statement.

DWC supported by the Federation of Indian Chamber of Commerce and Industry (FICCI), met with key business organisations, influencers, major business management groups, lawyers, and consultants.

The DWC Business Park offers a fully integrated business environment to cater to various requirements of businesses operating in the UAE.  More than 20,000-sq-m of office space has been leased this year to date, with additional space being fitted out at present to cater to small and medium enterprises (SMEs).

Indian companies, especially the growing SME segment, that are interested in bringing their operations to this emerging business destination can set up their offices within three to four weeks, said the statement.

Paolo Serra, vice president of Business Park, DWC, said: “More than 50 per cent of the companies established in DWC are either fully or partially owned by Indian investors, reflecting the emirate’s productive and long-standing relationship with India. In 2013, India emerged as the top trading partner of Dubai after recording a trade volume of $37 billion to account for 10 per cent of the emirate’s total foreign trade.

“At DWC Business Park, we believe that we can strategically contribute to an even stronger partnership. Indian businessmen can quickly establish their businesses at DWC, the new gateway of global commerce. In addition, as a Free Economic Zone, we offer 100 per cent foreign ownership and a zero tax policy along with a variety of business licenses.”

“The Business Park, an integral part of DWC, has witnessed an increased demand for office space this year. With premium infrastructure and flexibility to grow and expand in the future, we are confident that the Park will continue to attract a large number of Indian companies that are looking to either establish or reinforce their presence in the Middle East,” he added. - TradeArabia News Service




Tags: business | DWC | Indian | opportunities | company | investor |

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