Dubai Free Zones Council, Dubai Exports to boost exports

The Dubai Free Zones Council, DFZC, today signed a memorandum of understanding, MoU, with
Dubai Exports in a bid to boost business opportunities, foreign trade and the volume and value of
exports. The MoU aims to reinforce Dubai's position as a global destination for quality exports from
various economic and service sectors, and free zones and as a centre for re-export trade.

The Memorandum of Understanding was signed at the office of Dubai Exports between Dr Juma Al
Matrooshi, Deputy to the Secretary General of the Dubai Free Zones Council, and Saed Alawadi,
CEO of Dubai Exports.

The MoU aims to exchange expertise, information and knowledge. and enhance commercial and
business opportunities and export trade globally with a focus on building capabilities and optimising
resources, and includes within its scope manufacturers, exporters, traders and service providers.

According to the MoU, free zone companies and members of Dubai Exports are mandated to build
and develop commercial and investment synergies. Both parties to the agreement are encouraged to
communicate, interact and explore opportunities for organising joint commercial and promotional
activities.

The MoU motivates qualified companies to become registered members of Dubai Exports and
encourages free zone companies to join the ‘Exporters' Portal’ initiative and benefit from the
information and electronic services it provides to facilitate new market access for their products and
services.

Dr. Al Matrooshi said, "In line with the vision and directives of His Highness Sheikh Mohammed bin
Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and according to the strategic
plan developed by Dubai and its free zones to diversify the emirate’s economy and enhance income
sources, Dubai has positioned itself as a global platform for export and transit trade."

Al Matrooshi pointed out that free zone trade during the past five years has reached AED2.6 trillion,
with imports accounting for AED1.5 trillion, non-oil exports registering AED131 billion, and transit
trade notching up AED1.03 trillion.

Free trade accounted for 32 percent of the overall foreign trade from 2014 to 2018, amounting to
AED8.1 trillion, with over 44,000 companies now operate in Dubai's free zones.

For his part, Saed Alawadi said, "Dubai Exports is pleased to further consolidate synergies with DFZC
with this agreement that seeks to achieve Dubai’s vision for the future and our own mutual strategic
goals to provide competitive export opportunities for companies from diverse industrial and
commercial sectors."

"This agreement will also contribute significantly to achieving the Dubai Silk Road Strategy and
Dubai’s geo-economic map launched earlier this year under the directives of His Highness Sheikh
Mohammed bin Rashid Al Maktoum," Alawadi concluded.