User:L'Hommedusud/Aden Free Zone

The Free Trade Zone in Yemen is a free trade zone in Yemen established in the city of Aden in 1993 after the issuance of the Yemeni Free Zones Law. It aims to remove all tariff and non-tariff restrictions on trade in goods and services between them; To increase the volume of trade exchange and raise economic growth rates.



Establishment


After the establishment of the Yemeni unification on May 22, 1990 AD, the city of Aden was appointed and named as the economic and commercial capital of the Republic of Yemen. Aden is a center for international trade and a base on which the national economy stands and to enhance and diversify the country's sources of income, within the framework of the free economy philosophy.



On the first of April 1993 AD, the Free Zones Law No. (4) of 1993 AD was issued. The second article of this law stipulates the following ((A free zone shall be established in accordance with the provisions of this law that includes the city of Aden, and the free zone system shall be implemented in stages, and the Council shall determine Ministers, by a decision to be published in the Official Gazette, the geographical boundaries of the free zone and the locations where implementation will begin and its date)). On April 25, 1993 AD, the Prime Minister issued Resolution No. (65) of 1993 AD regarding the sites and their geographical boundaries in which the application of the free zone system will begin in the city of Aden. The decision included identifying (15) sites in the city of Aden to establish free zone projects in accordance with the proposals contained in the general plan for the development of the Aden Free Zone. The total area of ​​these sites is (32348).approximately hectares. During the period 1992-1995, the General Authority for Free Zones prepared, prepared and equipped for the establishment of the Aden Free Zone. During the period 1996-1999, the development of the first phase of the Aden Free Zone projects was carried out, and in the second half of 1999 the operation phase began.

The first chapter of the law deals with naming and definitions, while the second chapter includes the procedures for establishing free zones, and the third chapter deals with the provisions related to the management of free zones, and the fourth chapter includes the activities that are permitted and prohibited in the free zone, and the fifth chapter defines the advantages and guarantees provided and guaranteed by the law in the free zones, Part Six is ​​concerned with tariffs and fees, Part Seven is concerned with settling disputes, Part Eight is concerned with crimes and violations and their penalties, and Part Nine is general and final provisions. On June 30, 1999 AD, the Prime Minister issued Decree No. (295) of 1999 AD with the executive regulations of the Free Zones Law No. (4) of 1993 AD.

The future vision of the Aden Free Zone [ edit ]
The first step in this process is to redefine a vision for the development of the Aden Free Zone into a modern entity based on a series of activities based on its competitive advantage to be an attractive center for local and international investment. The Aden Free Zone and its untapped potential provides an actual basis for formulating a coherent vision to design:


 * One-stop global transportation and business hub.
 * Attracting and serving regional and international investors.
 * Contribute strongly to the prosperity of the national economy.

Strategic and operational goals [ edit ]

 * To develop and implement the free zone model that meets international best practices and international trade systems, through an integrated approach to establish a desirable business environment and access to a quality infrastructure, and to review and amend the free zone regulations and regulations in accordance with the best practices of the free zone model to be developed.
 * Attracting private sector developers to develop and operate the region or parts thereof through effective public-private partnership arrangements.
 * Attracting (and/or facilitating the attraction of) tenant companies in the area.
 * Achieve a maximum degree of financial independence and cost recovery through a market-based fee system.
 * Developing the professional/specialized organizational and administrative structure with an effective board of directors and qualified cadres.
 * Establishing an effective partnership with the Gulf of Aden Ports Authority (including the Aden Container Port and Aden International Airport) to facilitate cooperation and integration in the development of the region and these facilities.
 * To achieve effective cooperation with planning bodies at the national and governorate levels to ensure that the area is being developed and operated as an integral part of the development efforts at the national and governorate levels.
 * To strengthen the partnership with the General Authority for Investment, the Board of Directors of Tourism and other relevant investment promotion bodies to implement image building and marketing of foreign investment and facilitate the attraction of targeted investors through developers / operators of the region from the private sector.

Free Zone Jobs [ edit ]

 * Cargo handling, transport trade, import and export.
 * Stores.
 * light industries.
 * Heavy industries.
 * Petrochemical industries.
 * tourism.
 * public services.

Choose Aden Free Zone [ edit ]
The Aden Free Zone has several advantages that are not collectively available anywhere in the region:


 * Distinctive geographical location.
 * Natural entrance to the port, with a depth of up to 40 meters, with easy-to-deep channels.
 * Guidance facilities for highly developed and technical ships for navigation.
 * An abundance of land areas estimated at 325 km2, suitable for expansion and development.
 * Developing markets with 200 million consumers in the vicinity of the rapidly expanding economies of the Gulf Cooperation Council and other similar regional countries.
 * Suitable storage and distribution facilities and facilities to deal with Africa, the Red Sea and the Arabian Gulf.
 * An abundance of relatively cheap local human resources.

Advantages of the city of Aden [ edit ]
Main article: Aden


 * The southern gateway to thriving Arabia.
 * Crossroads of the Middle East and East Africa regions.
 * Pro-Yemen Business Center.
 * A wonderful and great protected natural harbour.
 * Trade traditions dating back several centuries.
 * At the heart of the trade lines linking Europe with South Asia and the Far East,

Advantages of investing in Aden Free Zone [ edit ]

 * 100% foreign ownership of the project.
 * Exemption from commercial and industrial profits taxes and income taxes for a period of 15 years, renewable for an additional 10 years.
 * Freedom to transfer capital and profits outside the free zone.
 * No currency restrictions.
 * Exempting non-Yemeni workers from income taxes.
 * No restrictions on the recruitment and use of foreign workers.
 * Freedom to choose the field of investment.
 * Freedom to choose the legal form of the project.
 * Freedom to set prices and profits.
 * Availability of large sites and spaces at reasonable prices.

see also [ edit ]

 * Free Trade Zone
 * international trade
 * Yemen's economy

Sources [ edit ]

 * 1) ^ The official website of the Aden Free Trade Zone, a copy preserved March 05, 2016 on the Wayback Machine website.