Experience the free zones in the United Arab Emirates

Abstract

Based on the philosophy that revolves around the liberalization of foreign trade and economic openness, it has become self-evident that any country cannot be isolated from the world. Therefore, free zones are considered one of the aspects of economic development, especially since the countries of the world are witnessing today an acceleration in the movement of economic changes and the intensity of economic competition in order to create more... Liberalization of foreign trade.

Today, free zones have become widespread in many countries of the world and have become used as a tool for developing the economy, through which it is possible to raise the volume of exports and imports, improve the reality of the trade balance, transfer technology, reduce the unemployment rate, increase the country’s inputs of hard currency, and other goals that can be achieved by establishing the zones. There are many successful experiences in this field that can be benefited from, and one can benefit from the project to establish a free zone to support and develop trade, the trade balance, and the rest of the sectors in any economy, in order to enjoy the advantages and capabilities that free zones offer to support the national economy.