The Dubai Free Zones Council has announced it has signed a Memorandum of Understanding (MoU) with the Dubai Statistics Center. The one-year agreement that mandates the sharing of data and information between the two institutions will qualify for automatic renewal.
Dr. Mohammed Al Zarooni, Chairman of the Dubai Free Zones Council, and Aref Obaid Al Muhairi, CEO of Dubai Statistics Center, signed the MoU that will also aim to facilitate institutional integration between government authorities in Dubai.
Dr. Mohammed Al Zarooni said: “Dubai Free Zones Council recognises the importance of research for planning growth-oriented projects. Research will offer an added advantage to the free zone destinations that are marking significant progress in business. The data and information collected will help nurture the investment climate for international companies seeking to establish a presence in this region. We look forward to a symbiotic and long lasting relationship with the Dubai Statistics Center.”
A team led by the Dubai Statistics Center and comprising representatives of the Free Zones Council will be instituted. The team will be responsible for the standardisation of methodologies and mechanisms for statistical work on par with the current standards that Dubai endorses. The team will also be tasked to supervise, extract results and adopt the surveys of the statistical research conducted in areas under the Dubai Free Zones Council.
Aref Al Muhairi said: “Providing the necessary statistics that support the development of Dubai is a core mandate of the Dubai Statistics Center. The signing of this MoU comes in line with our efforts to establish stronger ties with various government agencies and facilitate knowledge exchange. We strive to offer the best electronic services in disseminating databases and statistics in Dubai. Our tie up with the Dubai Free Zones Council will expand our scope of work and offer a wider base for conducting our surveys and sample studies. This agreement will also help the Council set a roadmap for future strategic planning.”
The Dubai Free Zones Council recently drew up a general framework for the registration and licensing of companies within the free zones. Aligned with the indicators and standards of the World Bank for establishing companies, the new regulations aim to make the registration process more efficient and enhance ease of doing business.
Rushika Bhatia Editor
Rushika Bhatia is one of the region’s leading commentators on business and current affairs issues. She is the Editor of CPI Media Group’s flagship title – SME Advisor magazine. In addition, she leads CPI Media Group’s infographics division – with special emphasis on data, research and statistics. Rushika has a Bachelor’s Degree from Indiana University, USA and is also CIMA qualified.