Dubai’s Customs Department signed a strategic memorandum of understanding (MoU) with the Dubai International Financial Centre (DIFC) to improve collective relations between government agencies and private institutions.
Under the agreement, the two organizations will heighten partnership to support the UAE and Dubai economy following the forward-thinking vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai.
The new arrangement will expedite the transit and export of goods for companies licensed and working at the Dubai International Financial Centre. This will be done through the development of services provided to investors and the reduction of any financial burdens on them.
Abdullah Mohammed Al Khaja, Executive Director of Customer Management Division said that the agreement is very important and is in line with the Dubai Customs policy of supporting merchants and investors to help them progress their business following the leadership’s directives.
He pointed out that the agreement will facilitate companies licensed by the Dubai International Financial Centre to fulfill all export and import operations online and through shipping agents and express transportation companies.
“This MoU reflects the joint efforts between Dubai entities to push the wheel of the economy forward and help curb the COVID-19 and its implications by finding world-class solutions in support of business and trade. In what has been a testing time, we maintained very good communication with the clients to listen to their suggestions and solve their problems.”
Alya Al Zarouni Executive Vice President Operations – DIFC
“Facilitating business and trade activity for the companies registered at the DIFC is one of our top priorities. With this strategic partnership with Dubai Customs, we hope we can provide enough incentives to our clients to reduce the cost of conducting business activities in the emirate.”
She added, “There will be a number of benefits including easier import and transit of goods to the Financial Centre and customs duty exemptions, which will foster and maintain the leading position Dubai enjoys worldwide.”
