October 2021
UAQ Free Trade Zone proudly introduces the first edition of our E-Newsletter “Connect UAQ”.

Our newsletter keeps you informed on the most important happenings, upcoming events, latest business developments, trends etc in the UAE and UAQ Free Zone, so if you do not want to miss any updates, make sure to SUBSCRIBE our newsletter.
 
So buckle up and get ready for your dosage of informative insights.
Chairman's Desk

“Our transition into one of the strongest SME Growth Engines in the Middle East has been driven by one principle; that we value our connections above everything else. Connect UAQ is a small step toward creating positive energy between us and our valued partners; to innovate, inform and inspire better business practices amongst our community.”

Khalid Bin Rashid Al Mu'alla - Chairman, UAQFTZ
Advice Hub
James Hodgetts
Director - Offices, Industrial & Logistics Division
JLL MENA
 
As the vaccination drive continues, more employees are returning to the workplace, however corporates are adopting a hybrid model approach. This comes as a result of more corporates re-engaging their workspaces with a focus towards sustainability and employee wellness.

For the remainder of the year, we can expect the office market to remain subdued as consolidation efforts continue.
Furthermore, the market is expected to remain in favor of tenants, with occupiers benefiting from subdued market conditions and seeking opportunities to upgrade office space with limited capital expenditure.

Looking ahead at the residential sector, we expect outdated existing developments to continue to face pressure particularly apartment developments, as new developments with larger unit layouts, attractive payment plans, and community amenities have a stronger appeal to tenants and investors alike.
UAE make it possible for expats to become entrepreneurs!
Everything to know about the UAE’s New Visa Schemes

The UAE government announced new visa categories as part of the 'Projects of the 50,' a series of developmental and economic projects commemorating the UAE's 50th anniversary, to accelerate the UAE's development and consolidation into a comprehensive hub in all sectors, as well as establishing its status as an ideal destination for talents and investors.
 
UAE : The fastest growing e-commerce sector in the Middle East.

The UAE is rapidly growing its e-commerce sector as people prefer online shopping and electronic transactions over traditional shopping methods. In the UAE, e-commerce presently accounts for 4.2 % profit and is expected to rise by an average of 23 % by 2022. Online shopping used to be a luxury and a convenience; now, it's a necessity.
 
What impact will Expo 2020 have on various economic sectors?

EXPO 2020 in Dubai has become linked with exciting exhibitions and business opportunities. To meet the expectations of 25 million visitors, the government invested more than thirty billion dirhams in new infrastructure projects. This paved the way for the best opportunities to be implemented at the Dubai Expo 2020.
 
India and the UAE intend to increase bilateral trade to $ 100 billion
As the UAE works to deepen ties with fast-growing economies outside the Middle East, both the UAE and India's trade ministers have stated that trade in goods and services between the two countries will increase by 70% over the next five years, achieving a target of more than $100 billion in bilateral trade.
 

 
“Take the leap to pursue your dreams!!!”- Mujib Rawther
My key driving force for becoming an entrepreneur was my goal to make a positive contribution to society (charity work or assisting others makes me happy). I did a fast track in my professional life.
Happenings in UAQFTZ
  • As a  part of 'International Literacy Day,' we held  a workshop  on the "Art of Corporate Storytelling," presented by RJ Lorna Bancroft.
  • AMAAL - Support beyond Business Set-Up
  • Banking facilitation with National Bank of Umm Al Quwain
  • Confederation of Indian Industry’s “YOUTH EXCELLENCE MISSION (UAE)”
  • Ukrainian business delegates visit UAQ Free Trade Zone
 
 
Exhibitions Attended
WETEX - Dubai Solar Show
October 2021
Light Middle East
September 2021
The BIG 5
(Building & Construction)
September 2021
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Our mailing address is:
One UAQ, Umm Al Quwain Free Trade Zone Authority,
P.O Box 7072, Umm Al Quwain, UAE.

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Content Disclaimer
Every effort is made to provide accurate and complete information in UAQ FTZ newsletters. UAQ FTZ makes no claims, promises or guarantees about the accuracy, completeness, or adequacy of the contents of the newsletters and expressly disclaims liability for errors and omissions in the contents of this newsletters.