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 SAIFZONE REITERATES COMMITMENT TO INDIAN INVESTORS

09.11.2015

Sharjah Airport International Free Zone (SAIFZONE) reiterated its commitment to make the Free Zone the most preferred destination for global investment and highlighted its support for businessmen and investors from the Indian Subcontinent at an event held in association with the 34th Sharjah International Book Fair (SIBF) that concluded in Sharjah recently. Saud Salim Al Mazrouei, Director of SAIFZONE and Hamriyah Free Zone Authority (HFZA) made this announcement while speaking as the Guest of the Honor at the event, which was organized by the Institute of Chartered Accountants of India (ICAI) Dubai chapter. Saud Salim Al Mazrouei explained the importance of India from different angles while delivering his guest of honor speech.

"India is a huge country with a variety of cultures. We ensure to continuously work on our relations with India and its entrepreneurs," he noted while sharing his experiences from many Indian societies. He also noted that a majority of investors in SAIFZONE and HFZA are from India.

Sharjah is the industrial backbone of the UAE and establishments in SIF ZONE enjoy exemptions from import and export duties, income and corporate taxes in addition to the free repatriation of capital. SAIFZONE's manufacturing sector, he pointed out, offers good collaboration opportunities for Indian traders and service providers seeking opportunities in the Middle East market.

Established in 1995, the Free Zone now houses about 7,000 businesses from 149 countries.