Article (4)
The Free Zone aims to attract capital flows and encourage all types of investment
therein. For this purpose, the Authority shall have the duties and powers to:
1. establish, solely or with others, Establishments and Companies, or invest in
Companies and Establishments which conduct the same or similar activities;
2. finance, in any manner, the projects of the Authority and of any of its affiliated
Establishments or Companies, either by obtaining loans or issuing debt instruments
in accordance with the above mentioned Law No. (7) of 2008;
3. determine and impose fees for registration and licensing of Establishments,
Companies, and Individuals, and any other fees including fees for the services
provided by the Authority;
4. perform all transactions and operations related to the activities of the Free Zone
and required for achieving its objectives, including conducting commercial and
industrial business in coordination with local and federal government entities;
5. import and store Goods to re-export them, or to bring them into the customs zone in
the Emirate;
6. establish light industries and high-technology industries for the purposes of
exporting products outside the Emirate or distributing them to the customs zone in
the Emirate;
7. provide various commercial and banking services within the Free Zone, including
banking, insurance, air freight, and other services;
8. enter into contracts and agreements and obtain licences required to achieve its
objectives;
9. regulate the operations and activities authorised to be conducted by
Establishments, Companies, and Individuals in the Free Zone, and to establish the
rules, conditions, requirements, and procedures for registration and licensing;
10. regulate business relations among Establishments, Companies, Individuals, and
other entities operating within the Free Zone;
11. purchase, lease, and own movable and immovable property required to achieve its
objectives, invest this property, and dispose of it by all legal means of disposal
including sale and lease.
12. enter into lease contracts for land and buildings in the Free Zone with any
Establishment, Company, or Individual in order to enable them to conduct their
activities in accordance with terms and conditions to be agreed upon;
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13. provide, develop, and maintain infrastructure, buildings, administration services,
and any other services required to achieve its objectives;
14. monitor and inspect the activities of Establishments, Companies, and Individuals
within the Free Zone to ensure their compliance with the provisions of this Law and
the bylaws and regulations in force in the Free Zone;
15. establish investment funds for the purposes of achieving the objectives of the Free
Zone, securing the funds required for the projects of its Establishments,
Companies, and Individuals, and investing the funds of the Authority in any manner
the Chairman deems appropriate, and allow investors to contribute to these
investment funds in accordance with the instructions and bylaws of the Free Zone;
16. establish offices and appoint representatives of the Authority within and outside the
Emirate to promote the Free Zone; and
17. perform any other duties it deems required for the achievement of its objectives.
Management of the Free Zone Authority
