| 1 | Inauguration of free zone in Dubai for e - commerce |
| 2 | Dubai 10-28 (FP) - |
| 3 | Dubai's Crown Prince Sheikh Mohamed Bin Rashid Al Maktoum inaugurated a free zone for e - commerce today, called Dubai Internet City. |
| 4 | The preliminary stages of the project, the only one of its kind according to its designers, are estimated at <dollar> 200 million. |
| 5 | Sheikh Mohamed, who is also the Defense Minister of the United Arab Emirates, announced at the inauguration ceremony that “we want to make Dubai a new trading center.” |
| 6 | The minister, who has his own website, also said: “I want Dubai to be the best place in the world for state-of-the-art technology companies.” |
| 7 | He said companies engaged in e - commerce would be able to set up offices, employ staff and own equipment in the open zone, including fully - owned foreign companies. |
| 8 | The e - commerce free zone is situated in north Dubai, near the industrial free zone in Jebel Ali, the top regional and tenth international leading area in container transit. |
| 9 | The inauguration of Dubai Internet City coincides with the opening of an annual IT show in Dubai, the Gulf Information Technology Exhibition (Gitex), the biggest in the Middle East. |