The project is projected to attract investment of approximately $10 billion. Once operational, it is expected to contribute between $5–6 billion to the UAE’s GDP and create
about 4,000 jobs in Ras Al Khaimah. Ras Al Khaimah Economic Zone (RAKEZ) has partnered with India’s Rana Group to establish the Erisha Smart Manufacturing Hub in Ras Al
Khaimah. The project will support the expansion of Erisha E Mobility— Rana Group’s electric vehicle subsidiary—into the Middle East and Africa, while also supporting its
operations in India. Read More.
Odisha currently has five operational Special Economic Zones (SEZs), which have together attracted investments worth over ₹22,800 crore and generated employment for more than
18,000 people, the Union Ministry of Commerce and Industry informed the Rajya Sabha on Friday. The total employment generated by these SEZs stands at 18,321, while the
cumulative investment received amounts to ₹22,828.68 crore. Read More.
For example, Paraguay's maquila industry, governed by Law 1064/97, has attracted Asian manufacturers seeking to diversify supply chains away from China. With a 1% tax on exports
and exemptions on income tax for foreign partners, the sector is a magnet for capital. Similarly, free trade zones (FTZs) under Law 523/95 provide a tax-exempt environment
for businesses, with only a 0.5% levy on sales to developing countries. Read More.
Free Zones have long played a central role in the UAE’s economic development strategy, offering an attractive environment for domestic and international businesses. These
zones offer incentives such as full foreign ownership, simplified licensing procedures, state-of-the-art infrastructure, and access to vibrant business ecosystems. To
maintain the competitiveness of these business hubs, the UAE’s corporate tax framework includes specific provisions that allow Free Zone businesses to benefit from a 0%
corporate tax rate under certain conditions. Read More.
Many Vietnamese localities are now ambitiously planning to form free trade zones (FTZs), with the aim of creating breakthroughs in economic growth. Khánh Hòa is among the
latest provinces to announce plans for establishing an FTZ. At a recent meeting with enterprises and investors, Chairman of the provincial People’s Committee Trần Quốc
Nam said that the province was studying the model for the Khánh Hòa Free Trade Zone, with a desire to create a gateway for marine economic development linked with high-end
international services. Read More.
For decades, supply chain planning, sourcing decisions, and landed cost analysis relied on stable and predictable duties and tariffs, along with carefully crafted and well
implemented trade agreements such as USMCA. All these efforts came together to allow companies to develop business plans and purchasing strategies that could be reliably
implemented and projected out over periods of six to nine months, or even a year or more into the future. Read More.
UPCOMING EVENTS
World Free Zones Organization
Office # 1090, 1st Floor, 7W-B, Dubai Airport Free Zone . PO Box 371113, Dubai, United Arab Emirates.
