Infrastructure
Under the terms of the agreement , DED may modify or add any activity related to the licenses of companies subject to the approval of DAFZA . Both parties will work closely to improve the levels of governance , compliance and transparency for businesses working within DAFZA . They will also monitor and inspect licensed companies to ensure their compliance with the applicable laws on various commercial activities , particularly the Law on the Suppression of Fraud and Deception in Commercial Transactions , the Consumer Protection Law , the Commercial
Transactions Law and Commercial Agencies Law .
H . E . Dr . Al Zarooni said : “ The MoU complements DAFZA ’ s leading role in increasing the flow of FDIs , and is in line with our Strategic Plan for 2017 to 2021 which sets goals that support the national and economic objectives of our wise leadership as well as the ambitious strategic targets of the Dubai Government . We are confident that this new licensing agreement will add significant value to the economy of Dubai and the UAE in general , as it will help attract international investors and offer a unique business experience serving the best interests of companies operating within the freezone .”
H . E . Sami Al Qamzi , Director General , Department of Economic Development , said : “ We at the Department of Economic Development are committed to improving our services to achieve sustainable economic development and enhance competitiveness as well as convenience so that businesses in Dubai can cope with continuous changes and concentrate their time and efforts on growth . The agreement with DAFZA aims to streamline procedures by diversifying the service channels of our Department and enhancing transparency in licensing free zone entities . In order to implement the principle of transparency in the retail sector , the DED will supervise and inspect
26 September 2017