Sharjah's Free Zones Honoured for Excellence in Attracting Investment and Supporting Businesses
Sharjah Airport International Free Zone (SAIF Zone) and Sharjah Publishing City Free Zone (SPC Free Zone) have received four prestigious awards at the 6th Financial Excellence Performance Award, recognizing their significant contributions to the emirate's economic growth and business environment.
Key Details
The awards were presented by the International Business Magazine at the 6th edition of their Financial Excellence Performance Award ceremony. SAIF Zone and SPC Free Zone collectively secured four honours, highlighting their performance and services aimed at attracting foreign direct investment and facilitating business operations.
The specific awards received include:
Best Foreign Direct Investment Zone awarded to SAIF Zone.
Best Free Zone for Publishing & Printing awarded to SPC Free Zone.
Best Free Zone Management Solutions awarded to SAIF Zone.
Best Business Expansion Zone - MENA 2023 awarded to SAIF Zone.
These recognitions underscore the free zones' effective strategies in developing infrastructure, offering competitive services, and creating a favourable ecosystem for various industries, particularly targeting investors and companies looking to establish or expand their presence in the MENA region.
Implications for MENA Startups and Businesses
These awards serve as a strong indicator for founders and professionals in the MENA region considering Sharjah as a base for their operations. The recognitions for 'Best FDI Zone' and 'Best Business Expansion Zone' suggest that SAIF Zone is perceived as a reliable and effective location for setting up and growing international businesses. The award for 'Best Free Zone Management Solutions' points to the administrative efficiency and ease of doing business.
Similarly, the 'Best Free Zone for Publishing & Printing' award for SPC Free Zone reinforces its position as a specialized hub, highly suitable for businesses in the media, publishing, and creative sectors. For startups and established companies in these industries, SPC Free Zone's specialized infrastructure and focus could provide a significant advantage. Overall, the awards reflect a commitment from Sharjah's free zones to provide a supportive and efficient environment for diverse business activities.
About SAIF Zone and SPC Free Zone
Sharjah Airport International Free Zone (SAIF Zone) is one of the oldest and largest free zones in the UAE, known for its strategic location near Sharjah International Airport, offering a wide range of business activities and facilities for trading, services, and industrial companies.
Sharjah Publishing City Free Zone (SPC Free Zone) is the world's first free zone dedicated entirely to the publishing, printing, and creative industries. It offers tailored services and infrastructure to support businesses across the entire content value chain.
Looking Ahead
Winning these awards is expected to further enhance the reputation of SAIF Zone and SPC Free Zone on the international stage, potentially attracting more foreign investment and diverse businesses to Sharjah. The recognition encourages the free zones to continue developing their services and infrastructure to meet the evolving needs of the global business community and contribute to Sharjah's economic diversification goals.
Source: Zawya