The Executive Council has issued a resolution establishing the Free Zones Council under the chairmanship of H.E. Mohamed Ali Al Shorafa Al Hammadi, Chairman of the Abu Dhabi Department of Economic Development (ADDED).
The Free Zones Council is responsible for reviewing the regulatory legislation for each free zone in Abu Dhabi emirate. It will start with proposing general policies for free zones and submitting them to the Executive Council, and creating an integrated database for the affairs of free zones, in coordination with relevant entities.
Based on the resolution, the Free Zones Council will conduct research related to free zones’ operational affairs, propose suitable solutions to develop and support free zones, and coordinate with entities within free zones to exchange knowledge, experience, expertise and practices.
The Council will start by establishing a system to conduct its meetings and vote on decisions.
All free zones’ operational entities are to commit to cooperating with the Council and to providing all required information and data related to the authorisations of the Council, including the policies and strategic plans for each free zone, in order to establish the overall policy for Abu Dhabi’s free zones.
The Executive Council has mandated the Free Zone Council to approve free zones’ non-financial KPIs with the support of ADDED.
The launch of the Free Zones Council follows studies and free zones’ benchmarking, and aims to keep pace with the rapid growth of free zones, and their role in supporting economic growth.