Wednesday 28 August 2013

Robust financial sector taking shape in capital - The National

Robust financial sector taking shape in capital - The National:

"Anyone who regularly visits Abu Dhabi's Tourist Club Area or Reem Island will know that Al Maryah Island is beginning to burst into life. Yesterday marked the opening of The Galleria, the city's latest upmarket retail space, joining the new Rosewood Abu Dhabi hotel and a range of companies and law firms already operating on the island. Cleveland Clinic, the health care facility, is also moving towards completion.

From the point of view of the city's development, the centrepiece will be the establishment of the financial free zone on the island. Yesterday, The National reported that its board of directors had been appointed - an important step, because the board will lead the drafting of modern regulations to a rapidly developing section in the emirate, as well as appointing a management team. The free zone will be exempt from the federal laws of the UAE and the civil and commercial laws of Abu Dhabi, embracing global standards and regulations."

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