Dubai is the world's largest in attracting free zones by about 25 regions.

Source: Abu Dhabi - Abdul Hai Mohammed - Date: June 25, 2020

Fahad Al-Gergawi, CEO of the Dubai Investment Development Corporation, stressed that Dubai occupies the largest rank in the world in attracting free zones in the world at the city level.

Al-Gergawi said in a symposium organized by the Emirates Lightning Channel on the Instagram website tonight, "The UAE currently includes more than 40 free zones that play a big role in developing the economy, revealing that Dubai alone includes about 24 free zones, to occupy the first and highest global ranking among cities." To attract free zones.

He pointed out that the free zones in Dubai contributed greatly to attracting foreign investments and international companies, especially companies across continents to the emirate and the state.

He pointed out that the free zones in Dubai include at least 50 thousand foreign companies.

Al-Gergawi pointed out that Dubai has reached very advanced stages in the mechanisms of work, goals and practices of free zones, noting that Dubai now has specialized free zones, including a free zone specializing in goods, which launched international exchanges such as the coffee exchange that was recently launched.

Al-Gergawi stressed in the symposium that focused on attracting foreign direct investments - the UAE as a model that the map of foreign investments in the Emirates and Dubai will change after the end of the Covid pandemic.

He pointed out that Dubai will search for long-term foreign investments targeting productive sectors that create jobs.

He said:'In the Current Period and during the next three Years-we will have to work harder to maintain the Companies that have invested in the our country-and in Dubai we currently have the after-care program for investors.'

He continued: We believe that the focus will be on specific sectors for foreign investment and new investments will be directed to the healthcare sectors, the digital economy, food and communications technology, because their projects and their economic impacts will be very influential.

Al-Gergawi pointed out that half of the foreign investments that were made to Dubai during 2019 had a medium and high technological component.

He said:We seek to Further Attract these Investments, and we are working in this framework now-

Al-Gergawi pointed out that we need in the coming period to focus on promoting quality investments to come to Dubai and the Emirates.

He pointed to the importance of national investments, noting that the UAE has great financial surpluses, and we are in urgent need of new investment tools, and government departments must put forward investment projects for the post-Kovid phase.

Al-Gergawi pointed out the great importance of the Hamdan Bin Mohammed Bin Rashid Investment Center, explaining that it is the second center in the world after the Columbia Investment Center.

He said:'We have Great Investment opportunities in the Future,and we have to create a different system of work mechanisms and opportunities - and our efforts to attract more foreign Investments should be Focused on 3 important Aspects, the first of which is their impact on the economy as a whole, secondly their impact on society and the third their impact on development and we must focus during the coming years On sustainable investment.

He added: We expect that there will be an intense focus of foreign and national investments on the health care sectors, the digital economy, food and communications technology, because its projects and economic impacts will be very influential.

A number of UAE officials and economic experts participated in the symposium and discussed the investment environment of the UAE, the reality of foreign investment in it and the expected future for it after the demise of the Corona pandemic emerging as a delegate 19.