DUBAI, 24th April, 2018 (WAM) — Dubai South has announced the launch of a diverse number of initiatives that aim to attract investment and provide incentives to the private sector.
These initiatives come directly in line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to stimulate economic growth and reduce the cost of doing business.
Dubai South revealed that its first initiative is to form a centre for private aircraft registration. It will work with the General Civil Aviation Authority to simplify both private aircraft registration and the transfer of ownership of private aircraft. It will also exempt private planes from landing permit fees and will ease the entry procedures for private plane passengers, which will help promote Dubai as a world-class centre for the private aircraft sector.
In terms of the industry and maintenance sectors, Dubai South has announced two new initiatives. The first includes reducing registration fees for companies that specialise in the manufacture and maintenance of airplane parts, in addition to building a regional manufacturing and maintenance centre. This initiative comes under the directives of the Dubai Industrial Strategy 2030 that the Dubai government announced in 2016, which seeks to develop the emirate into a global platform for innovative and sustainable industries.
As part of its second initiative in the fields of industry and maintenance, Dubai South will reduce registration fees for companies that specialise in manufacturing using 3D printing and will build special facilities for this industry, which helps to implement the emirate’s strategy of promoting its status as a global leader in 3D printing by 2030.
Dubai South also indicated that it will develop an integrated area for the e-commerce and logistics sectors that meets the requirements of emerging companies in this industry, which will help promote Dubai’s position as a global e-commerce hub in light of the expectations that the e-commerce market will be valued at US$20 billion in the GCC by 2020.
Its initiatives included cutting costs for companies and launching plans to help satisfy clients, such as the ability to acquire combined licences issued by the Department of Economic Development and the Dubai South Free Zone, which contributes to decreasing the cost of these licences for companies by 50 percent.
It also announced another initiative that was designed to retain Dubai South’s customers by allowing them to scale down their business and move from offices to business centres or from warehouses to office facilities at different sizes and at competitive prices. This initiative will reduce expenses for businesses by allowing them to maintain their investments and facilities while still managing their businesses at a lower cost.
H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chief Executive of Emirates Group, said that His Highness Sheikh Mohammed bin Rashid has supported the emirate’s economy by launching initiatives that help stimulate economic growth, which reflects the strong ties between the UAE leadership and the business sector, and reveals the strategic partnership between the private and public sectors.
He went on to say that the aviation sector is considered one of the leading sectors in Dubai’s economy and that Dubai South has launched these initiatives in order to attract investments from this sector, which will promote Dubai’s status as an attractive destination for companies that specialise in the manufacture and maintenance of aircraft.