Dubai South, a state-owned property developer, plans to spend $545m on a 929,000 sq m e-commerce free trade zone called EZDubai in the hope of attracting e-commerce and logistics firms to the area.
Companies in the UAE are usually allowed to own a maximum of 49% of their businesses, however those in EZDubai will be able to own all of them.
Other benefits will be exemption from all import, export and personal taxes.
EZDubai will be located near to Al Maktoum International Airport, with construction due to start in 2019.
Dubai is already home to the region’s largest e-commerce company, Souq.com, which was bought by Amazon in 2017.
Image: Dubai’s Skyline (Imre Solt/CC BY-SA 3.0)