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Dubai Silicon Oasis Authority signs agreement with International Free Zone Authority

According to the agreement, new and existing IFZA companies can work from the integrated free zone technology park

by Zainab Mansoor

October 25, 2020

Dubai Silicon Oasis Authority (DSOA), the regulatory body for the Dubai Silicon Oasis (DSO) has signed an agreement with the International Free Zone Authority (IFZA).

Under this agreement, new and existing IFZA companies can work from the integrated free zone technology park, boosting the flexibility of doing business in the UAE.

This agreement provides entrepreneurs and startups with opportunities to expand their businesses and cooperate with technological companies, experts and startups based in Dubai Digital Park, DDP, Dubai Technology Entrepreneur Campus, Dtec, and DSOA headquarters, reported official news agency WAM.

.@dsoafz Signs Agreement with International Free Zone Authority (IFZA). Under this agreement, new and existing IFZA companies can work from #Dubai Silicon Oasis, boosting the flexibility of doing business in the #UAE. https://t.co/UX26I3DvFl pic.twitter.com/Fh51fnN9Ma

— Dubai Media Office (@DXBMediaOffice) October 24, 2020

“As an integrated free zone technology park, Dubai Silicon Oasis serves as an open platform for conducting businesses and forging strategic partnerships with leading technological and advanced companies based in the DSO,” noted Dr. Mohammed Al Zarooni, vice chairman and CEO of DSOA.

“The agreement between the Dubai Silicon Oasis Authority and International Free Zone Authority, is a gateway for companies from different industries registered with IFZA to work from the DSO and benefit from the advanced infrastructure, modern facilities, and the countless opportunities it provides to the business sectors locally, regionally and globally,” he added.

Meanwhile, Martin Pedersen, chairman of IFZA, said: “This step plays a vital role in the growth plans set by IFZA to accelerate its ambition to tap into the international markets.”

“The logistical, industrial and commercial facilities available in Dubai, and in the DSO in particular, will enhance our ability to attract global investments and serve local and global business communities.”

Further details about the agreement will be announced at a later date.