Tenants in Gold & Diamond Park to come under Jafza rules

10x Industry

Mita Srinivasan
10x Industry
Published:

Tenants in Gold & Diamond Park to come under Jafza rules

The regulatory services will be provided as part of the agreement signed DP World, UAE Region, and Emaar Development

Jebel Ali Free Zone (Jafza) has agreed to extend its expertise in licensing, visas and other related activities to Gold & Diamond Park, a free zone developed by Emaar Malls Group. The regulatory services will be provided as part of the agreement signed by Mohammed Al Muallem, CEO & Managing Director of DP World, UAE Region and Bader Hareb, CEO, Emaar Development. Over 90 retailers and brands currently operating in Gold & Diamond Park as well as future business investors in the Park can be governed by Jafza's rules.

Jafza will handle all regulatory activities such as licenses and registration for companies, individuals and other entities that conduct business activities at Gold & Diamond Park, in accordance with applicable laws. They will enjoy the full range of service benefits that support companies operating in Jafza.

Ahmad Al Haddad, COO of Jafza, said: “We thank Emaar Malls Group for the trust they’ve placed in our capabilities and ensure our partners in Gold & Diamond Park an enhanced experience. As the UAE and Dubai prepare for rapid shifts in a post-pandemic business environment, existing companies and new investors alike will demand new levels of support that takes care of all their regulatory requirement, so they can focus on strategising their business plans with confidence. At Jafza, we have evolved a sophisticated and efficient legal infrastructure to meet all contingencies.”

Bader Hareb, CEO, Emaar Development, said: “We are delighted to expand on our long-term partnership with Jafza, to provide high-quality services to both our retailers and customers for Gold & Diamond Park. We endeavor to ensure we are providing support and dynamic solutions to our tenants, especially in the current climate. Companies now have the option to hold 100 per cent ownership of their business in addition to extended employment visas of three years. Emaar Malls Group is honoured to work with such a reputable partner like Jafza and are excited to implement positive regulations to assist our retailers.”