(MENAFN- Emirates News Agency (WAM))
FUJAIRAH, 5th September, 2017 (WAM) -- Foreign investments in the Fujariah Free Zone amountto more than AED8 billion, with FFZ Authority accommodating more than 3500 companies from over 44 countries.
Sharief Habib Al Awadhi, Director General, FFZA, has stated, "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 cloe proximity to Fujairah Oil Industry Zone."
Investors benefit from the triple FFZA advantages: Accessibility, Connectivity and Economy, including a multi-access to neighboring 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.
WAM/Hatem Mohamed
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