Foreign investments in the Fujairah Free Zone (FFZ) amount to more than Dh8 billion ($2.17 billion), with FFZ Authority accommodating more than 3500 companies from over 44 countries.

"FFZ is witnessing growing demand on the part of investors wishing to establish different types of projects, especially in the oil and logistics sectors, prioritising areas of petrochemicals to utilise the zone's close proximity to Fujairah Oil Industry Zone,” Sharief Habib Al Awadhi, director general, FFZA, was quoted by Wam, the Emirates official news agency.

Investors benefit from the triple FFZA advantages: Accessibility, Connectivity and Economy, including a multi-access to neighbouring and global markets by land, sea and air.

The zone provides the following myriad advantages, primarily a variety of investment fields; investor-oriented policies, efficient and cost-effective investment facilitation; full investment security; and served by Fujairah Port and the Fujairah International Airport.

FFZ offers an unmatched economy, including cheaper tariffs, and minimum start up time. Licenses can be issued within one working day in addition to reduced establishment expenses, and lower overheads, making FFZ a very cost-effective investment proposition.