MENAFN - Middle East North Africa . Financial Network News: Dubai Outsource Zone will lure 300 firms in five years
MENAFN - Middle East North Africa . Financial Network News: Dubai Outsource Zone will lure 300 firms in five years: "DUBAI, 7 May 2006 (WAM)-- Dubai Outsource Zone (DOZ), the world's first 'free zone' dedicated to the outsourcing industry, will be operational in July this year and will target five per cent of the global outsourcing industry when it goes full swing.
With the Dh200 million first phase, covering 270,00 square feet fully booked, DOZ's second phase development, covering an additional area of 200,000 square feet, is already under way and would be operational by end of this year, Khaleej Times daily said.
Announcing the signing of an agreement with Arab Bank, which is opening its regional back-office processing centre, Ismail Al Naqi, Director of DOZ, said the zone would have between 200 and 300 companies in five years.
Already 50 international business processing outsourcing companies, mainly from Europe and India, have registered and several more companies are expected to come to the zone to take advantage of DOZ's world class infrastructure and 100 per cent tax exemption, he said.
Key features of DOZ infrastructure include a Plug and Play Centre that will provide a ready infrastructure for BPO service providers to set up their operations and start providing their services.
Naqi said DOZ also serves as a centre for disaster recovery facilities for offshore call centres located elsewhere in the world.
Companies which have registered include include US, European and Indian companies looking to relocate from other outsourcing destinations."
With the Dh200 million first phase, covering 270,00 square feet fully booked, DOZ's second phase development, covering an additional area of 200,000 square feet, is already under way and would be operational by end of this year, Khaleej Times daily said.
Announcing the signing of an agreement with Arab Bank, which is opening its regional back-office processing centre, Ismail Al Naqi, Director of DOZ, said the zone would have between 200 and 300 companies in five years.
Already 50 international business processing outsourcing companies, mainly from Europe and India, have registered and several more companies are expected to come to the zone to take advantage of DOZ's world class infrastructure and 100 per cent tax exemption, he said.
Key features of DOZ infrastructure include a Plug and Play Centre that will provide a ready infrastructure for BPO service providers to set up their operations and start providing their services.
Naqi said DOZ also serves as a centre for disaster recovery facilities for offshore call centres located elsewhere in the world.
Companies which have registered include include US, European and Indian companies looking to relocate from other outsourcing destinations."
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