Gulf’s free zones help spur economic diversification - FT.com:
"The Middle East has propelled the development of free zones in recent decades. In a region where red tape and complicated regulations deter investors, free zones, offering respite from usual tax regimes and operating under their own laws, have transformed trade and investment, spawning new industries and diversifying economies.
Dubai, in the United Arab Emirates, is home to 22 free zones, more than anywhere else in the region, if not the world. The sector-specific enclaves have become hubs attracting 19,000 companies, from multinational banks to global media, creating some 200,000 jobs. Cementing its leadership in the sector, the UAE has established the World Free Zones Organisation to bring all free zones under one roof."
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