ABU DHABI, UAE – The Abu Dhabi Department of Economic Development (ADDED) has completed the e-link project with four freezones to integrate and create a unified database of economic licenses in the Emirate of Abu Dhabi.
These include KEZAD Group, which consist of 12 economic zones, Abu Dhabi Airports Free Zone, the Media free Zone- Abu Dhabi (twofour54) and Masdar City Free Zone.
The e-link with freezones helps in providing info and data of the beneficial owner of economic establishments in line with laws and regulations in the UAE and enhance the country’s status in following highest level of international standards of transparency and governance.
The e-link project aims to complete integration with the Ministry of Economy’s database and the National Economic Register to provide accurate, comprehensive and instant data on the existing economic licenses in the United Arab Emirates.
Mohamed Ali Al Shorafa, Chairman of ADDED and the Free Zones Council, which supervises freezones and include operators’ representatives in its membership, said, “Abu Dhabi has established itself among the leading global centers for innovation and competitiveness.”
He said, “The emirate has nurtured a supportive business environment, unparalleled connectivity and infrastructure, presenting investors and entrepreneurs ample opportunities to grow and thrive.”
He added, “Our digital transformation journey enables and supports an integrated and proactive digital government, facilitated through advanced and innovative solutions.”
The ADDED Chairman said, “Completing the e-link project and unifying commercial register will spur freezones’ contribution to sustainable economic development and further enhance the ecosystem to attract investments.”
Under-Secretary of ADDED Rashed Abdulkarim Al Blooshi said, “The e-link with economic freezones in the emirate will further enhance our integrated, business-supportive ecosystem to encourage investors and entrepreneurs to benefit from growth opportunities in Abu Dhabi.”
He said, “The project also reflects ADDED interest to launch and implement initiatives to ensure ease of setting up and doing business, simplifying economic licenses procedures and providing a unified database to enhance business sector, investors and economic establishments’ confidence.”