The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
UMM AL QAIWAIN / WAM
From humble beginnings in late 2014, the Umm Al Qaiwain Free Trade Zone (UAQ FTZ) has progressed dramatically in this bustling emirate with investors leapfrogging from a few hundred to over 2,500 licenses till date. Under the patronage of HH Sheikh Saud bin Rashid Al Mu’alla, Supreme Council Member and Ruler of Umm Al Qaiwain, and Sheikh Rashid bin Saud bin Rashid Al Mu’alla, Crown Prince of Umm Al Qaiwain, the free zone has undergone a complete infrastructure makeover.
UAQ FTZ has ushered in a wide gamut of players, from FMCGs, IT companies & specialised consultancies to precious metals, jewellery & auto spare part sellers into its ranks.
“Once Phase 2 comes to fruition, the free zone will function as an independent industrial city with amenities for its employees and residents like a hospital, shopping centres, a school, a hotel and an exhibition and convention centre, thereby promoting the ‘walk to work’ concept,†said Sheikh Khalid bin Rashid Al Mualla, Chairman of Port, Customs and Free Zone Corporation of Umm Al Qaiwain.