Dubai Airport Freezone Authority (DAFZA) has signed a strategic agreement with Export Bahrain to establish frameworks for technical collaboration to support their joint efforts in institutional development and promote business activities.
According to the statement, the partnership aims to help companies grow and expand as well as exchange information and expertise.
Further, the agreement intends to encourage businesses in both countries to expand their joint trade relations, as well as to improve bilateral cooperation in the areas of innovation and entrepreneurship, and facilitate access to technologies, markets, and business networks.
The agreement gives Export Bahrain access to global companies that set up headquarters in the Dubai Airport Freezone to promote Bahraini exporters. Furthermore, it will provide DAFZA access to the companies supported by Export Bahrain to work towards improving the companies’ relations with their counterparts in DAFZA and exchange information, services, and offers.
According to the statement, in addition to cooperating in research and development and other relevant areas, the two sides will also collaborate in organizing activities, workshops, seminars, and conferences to establish relationships between companies.
“This agreement is a new and special addition to the relations between the UAE and Bahrain and underlines the commitment of DAFZA and Export Bahrain to provide local and international companies supported by the two sides with quality services. It facilitates for the companies a network of relations and partnerships, helping them to expand in target markets, and access the largest possible client and consumer base. This agreement is also the cornerstone of strategic cooperation that benefits both sides and their short and long-term goals. It serves as a starting point for active cooperation that strengthens the offers provided by DAFZA and Export Bahrain, particularly during the next stage which will witness recovery from the impact of the COVID-19 pandemic on economic sectors.”
Ms. Safa Abdulkhaliq, Acting Chief Executive Officer of Export Bahrain said, “The signing of this MoU with DAFZA comes within our strategic plans to continue creating a network of strong relationships with key regional and international partners, to advance SME operations by providing them access to additional facilitation and potential growth opportunities.”
“The Memorandum permits SME exporters based in Bahrain to capitalize on the supportive facilities offered by DAFZA, such as its business-friendly environment, world-class infrastructure, tax exemptions, and more, to meet their regional and global exporting aspirations. This step provides a framework that will allow both sides to implement an integrated practice for enabling companies in each party’s jurisdiction to grow their businesses in the region and beyond,” Ms. Abdulkhaliq added.