| 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 . |