Search DubaiPRNetwork.com

Home >> Travel & Tourism

GAC Abu Dhabi joins Abu Dhabi Airports Free Zone

Tuesday, July 31, 2018/ Editor -  

Share

Home >> Travel & Tourism
  • Global logistics firm is the 223th entity to register for free zone status at Abu Dhabi Airports
31 July 2018, Abu Dhabi, UAE:   Abu Dhabi Airports Free Zone (ADAFZ) today announced leading international logistics firm GAC Abu Dhabi as the latest addition to its cargo terminal free zone site.
 
As a result of its free zone status, GAC Abu Dhabi is set to enhance its customer experience, allowing cargo to be transferred to any other free zones in the UAE without having to pay customs duty. 
 
The move to the ADAFZ free zone also brings new benefits of 100% foreign ownership and 0% corporate or personal income tax. In addition, registered free zone companies pay no import or re-export duties, have no restrictions on capital repatriation and no currency restrictions, as well as being eligible for a full range of business activities licenses. In addition, licensed companies that operate from ADAFZ are eligible for a dual license that enables them to operate from outside of the free zone. As a result of these benefits, companies form the logistics sector that are now operational at ADAFZ have increased by 50% in comparison to 2017.
 
A total of 224 companies from 41 countries are registered with ADAFZ, reflecting its position as a destination of choice for global businesses. 
 
Adel Al Taheri, Acting General Manager of Abu Dhabi Airports Free Zone (ADAFZ), said: “Abu Dhabi Airports Free Zone is at the heart of diverse economic activity in the emirate of Abu Dhabi, with unrivalled services and facilities for logistics firms and many other vital industries that provide access to global markets. We are pleased to welcome GAC to ADAFZ, and are confident that its customer base will see the benefits.”
 
Göran Eriksson, Managing Director of GAC Abu Dhabi, says: “We are in business to help our customers achieve their strategic goals. We have been doing that by meeting their speed-to-market targets with our presence and 24/7 services at the airport since 1994. Now, we have now gone a step further by registering our free zone branch to help our customers further reduce costs.”
 
ADAFZ is a subsidiary of Abu Dhabi Airports that operates from Abu Dhabi International Airport, Al Bateen Executive Airport and Al Ain International Airport. It offers fully serviced office solutions, aircraft hangars, retail spaces, and comprehensive warehousing to a range of commercial sectors.
 
Abu Dhabi International Airport (AUH) is the largest ADAFZ operation, offering world-class business facilities and infrastructure across five commercial sectors spanning through 10.6 km2 —Logistics Park, Business Park, Destination Village, Al Falah District, and Airport City.

Previous in Travel & Tourism

Next in Travel & Tourism


Home >> Travel & Tourism Section

Latest Press Release

The Foreo Luna 3 Has the Treatment for All Skin Types

Thuraya & Airbus Demonstrate Aero Mobility Capabilities at Dubai Airshow 2019

Students from GEMS Wellington International School outshine 1200 others at the D ...

Arabian Automobiles INFINITI presents the apex in road safety with the QX50

Eberhard & Co. and the new “Quadrifoglio Verde” chronograph, dedicated to the p ...

Dubai Reaffirms Its Position as a Leading Destination for Business Events at Ibt ...

Around the World in 10 Flavors and Counting with Max's All About Chicken

2019 Mr Olympia, Brandon Curry, makes his Dubai debut at the Dubai Muscle Show.

Dubai Chamber Sustainability Week 2019 kicks off with CEO Dialogue on waste mana ...

Ferrari offers a home for Prancing Horse enthusiasts attending the Abu Dhabi Gra ...

Solar Power Plant at Emirates Industry for Camel Milk to Start Operations in Ear ...

Italian Twins Double Up on Gold Medal Trail in Abu Dhabi

Ethan Allen Collaborates With Mawaheb From Beautiful People

UAE Leads in Military Deals at Dubai Airshow 2019

10th Sharjah Stamp Exhibition in Mega Mall Attracts Huge Turnout

Mimecast Threat Intelligence Report Analyzes 99 Billion Rejected Emails

Restoration by Parmigiani Fleurier-Snuff Box with Singing Bird

Al Othaim Leisure relaunches Xtreme Zone at Deerfield's Mall Abu Dhabi

Impressive Display at the Oman International Youth Cup is a Positive Reflection ...

LIXIL has helped 15 million people gain access to a safe and clean toilet.