|Dubai Internet City to promote outsourcing|
|Dubai Internet City announced Tuesday the opening of the world's first free zone dedicated to the outsourcing industry and which it hopes will benefit both the local and regional economy.
"Dubai Outsource Zone (DOZ) will provide a comprehensive infrastructure and environment for outsourcing companies to set up global or regional hubs servicing the worldwide market," a statement said.
"DOZ's offering includes 100-percent exemption from taxes, arguably the world's most reliable technology and communications infrastructure, a one-stop shop of support services and the best possible working environment."
"DOZ builds on Dubai's past economic successes ... and is aimed at building our competencies in a fast-growing sector of the global economy," said Sheikh Maktoum bin Mohammed bin Rashid al-Maktoum, chairman of the Dubai Technology and Media Free Zone. "The DOZ initiative will add considerable value to both the UAE's and the region's economies," he said.
The new zone seeks to "build a cluster of outsourcing service providers that will bring benefits to the global and regional economy," the statement said.
Beirut,06 28 2004
The Daily Star