UAE Free Zone announces expansion by opening a new office in this country
IFZA, the Dubai International Free Zone Authority, is expanding its global reach by inaugurating an office in Germany, signifying a strategic move to enhance trade relations between the United Arab Emirates (UAE) and Germany.
This expansion aligns with IFZA's overarching objective of fostering business growth and investment facilitation across borders.
The inauguration of IFZA's latest office in Frankfurt, Germany, on February 29th, underscores the burgeoning economic ties between the UAE and Germany. The ceremony marking this occasion was graced by notable figures such as Khalfan Al Matrooshi, Deputy Head of Mission at the UAE Embassy in Berlin, alongside IFZA's CEO, Jochen Knecht, and prominent German business leaders. These stakeholders highlighted the robust commercial rapport between the two nations.
The opening of this office is an important part of IFZA's overall international expansion strategy. It is strategically located in Germany and strives to meet the needs of German businesses interested in conducting business with Dubai. By having a physical presence in Germany, IFZA hopes to provide localised support and foster direct interactions with entrepreneurs, corporate executives, investors, and IFZA partners.
Jochen Knecht, CEO of IFZA, emphasised the significance of the German office in nurturing meaningful partnerships and advancing economic collaboration. He stressed the pivotal role of this initiative in leveraging IFZA's expertise to bolster investment inflows into the UAE. IFZA's presence in Germany not only supports small and medium-sized enterprises in their endeavours to establish operations in Dubai but also serves as a conduit for fostering bilateral investment by sharing valuable market insights and facilitating business matchmaking.
The Frankfurt office plays a crucial role in IFZA's interactions with the German business community by exhibiting Dubai's business-friendly atmosphere and the numerous prospects it offers German companies looking to grow. The United Arab Emirates (UAE) is the region's top recipient of foreign direct investment (FDI), making up a sizeable share of all FDI inflows, which supports this programme.
IFZA is a multinational organisation that operates successfully not only in Germany but also in Spain, Switzerland, and China. With a global network of more than 1,500 approved partners and consultants, IFZA is dedicated to promoting international cooperation. In the near future, IFZA hopes to open further offices in Austria, the UK, India, Africa, and Latin America as part of its ambitious expansion plans.
