In cooperation with the Dubai 10X initiative and Dubai Future Foundation, Emirates Today publishes the most prominent projects participating in the initiative, which was directed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to all government agencies in Dubai To apply today what the cities of the world will apply after 10 years, Dubai 10X seeks, in cooperation with the relevant authorities in the Dubai government, to adopt new models for future governments, by bringing about a comprehensive change in the governmental work system, and setting future plans that restore the government’s role in serving societies and making the future.
The Dubai Airport Free Zone Authority (DAFZA) is moving towards the future, with its first project in the world "The Financial Market for Free Zones", which it is developing within the first phase of the "Dubai 10X" initiative, which was approved by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai The Chairman of the Executive Council, as a market dedicated to trading shares and securities for free zone companies, to establish a simplified regulatory environment at the lowest costs, and in the shortest time.
The project aims to facilitate the process of access for investors in the free zones to the financial markets in Dubai, and make them available smoothly to them, as it helps in expanding their businesses, and they can - through it - collect the necessary capital to develop their projects in the region without the need to return to the country of origin, which will be reflected Positively on the economic life cycle and economic growth, as it will contribute to attracting more foreign investments to the emirate.
In the framework of this project, the Dubai Airport Free Zone cooperates with the Securities and Commodities Authority, the Dubai Financial Market and the Supreme Legislative Committee to exchange experiences and cooperation with each other to launch the project that would enable the free zone companies to Transformation into public joint stock companies, listing on the market with the opportunity to increase its capital, enhance its activities, and create an environment conducive to foreign investment in Dubai and the country in general.
The Dubai Financial Market will undertake the operation of the project under the supervision, supervision and organization of the Securities and Commodities Authority, which in turn will coordinate with the Supreme Committee for Legislation to prepare and issue the necessary legislations for the establishment of the project, while the Dubai Airport Free Zone will support the inclusion of the companies it embraces within the new platform , Which will also be available to other free zone companies, and compliance with regulatory and compliance requirements will be ensured through blockchain technology, to protect the rights of shareholders, provided that shares are available for trading by investors from all over the world.
The project is linked to several indicators of global competitiveness, which confirm Dubai's leadership in preparing for the future, including strengthening financial services, to meet business and corporate requirements, and support trade, capital and stock markets.
The "Financial Market for Free Zones" project provides an opportunity for medium and small companies operating in free zones, and it has difficulty finding the necessary financing for its growth and expansion, by making it possible for them to become joint stock companies, and they can be included in the financial markets. On the other hand, the project supports many investors who find it difficult to find small and medium-sized companies to invest in.
Thanks to this project, the free zone companies will obtain the necessary financing for them, by offering their shares for sale to attract capital from all over the world, which will help their growth and double their investments in the state, so that the successful companies in various free zones are within the reach of investors, thus contributing to Realizing the global concept of stock exchanges and joint stock companies, and establishes Dubai as an incubator for the growth of small and medium-sized companies and free zone companies, and as a source of innovative ideas in the world of finance and business.
The Dubai Free Zone Authority stated that the project aimed to facilitate the access of investors in the free zones to financial markets and capital, by establishing a regulatory environment that reduces costs and reduces time, and seeks, through this initiative, to simplify procedures for listing and submitting offers for small and medium companies, free zone companies and ensuring Protecting the investor from the risks surrounding the financial markets, within a fully organized and secure trading environment.
She added that the project would contribute to opening new fields for investment, and redefining the concept of investment development in free zones, as it provides an innovative model for free trade in the digital space, and it will also have an impact in providing vital opportunities for companies that enable them to grow and prosper: locally and regionally And globally, based on its headquarters in Dubai.
Features
Facilitating the access of investors in the free zones to the financial markets in Dubai.
Establishing a simplified regulatory environment for investors, at the lowest costs and in the shortest time.
Contributing to attracting more foreign investments to Dubai.
Create an environment conducive to foreign investment in Dubai, and the country in general.
Supporting investors seeking SMEs to invest in them.
Free zone companies obtain financing by offering their shares for sale.
The inclusion of medium and small companies in the free zones in the financial markets.
Real change in the global concept of stock exchanges and joint stock companies.
Enhance financial services, to meet business and corporate requirements and support trade.
Establishing Dubai as an incubator for small business growth and as a source of innovative ideas.
Facilitating the access of investors in the free zones to financial markets and capital.
Contribute to opening new fields of investment for SMEs.
Providing vital opportunities for companies that enable them to grow and prosper: locally, regionally and globally.
Creativity and innovation
The Dubai Free Zone Authority confirmed that the Dubai 10X initiative was an effective way to achieve the strategic vision of the Dubai Airport Free Zone, as it encouraged creativity and innovation, and work to demonstrate its ability to present an integrated project, which contributes to enhancing the development paths that Dubai is witnessing. In various fields, which resulted in the "financial market for free zones".
The "project" allows free zone investors to expand their business through the financial markets in Dubai.
Supporting free zone companies to convert into public joint stock companies listed on the financial markets.