Dubai's IFZA Opens New Office In Germany To Attract More Foreign Investments

IFZA, Dubai's most dynamic free zone community, has recently expanded its global footprint by inaugurating a new office in Frankfurt, Germany. This strategic move is aimed at bolstering the already strong business and trade connections between the UAE and Germany. The opening ceremony saw the presence of notable figures including Khalfan Al Matrooshi, Deputy Head of Mission at the UAE Embassy in Berlin, IFZA's CEO Jochen Knecht, and prominent German business leaders.

The establishment of IFZA's office in Germany is a significant step in the company's international expansion efforts. It is designed to cater to the interests of German companies eager to forge trade relations with Dubai. By having a physical presence in Germany, IFZA intends to offer localized support and foster direct engagements with entrepreneurs, business leaders, investors, and IFZA Partners.

Jochen Knecht, CEO of IFZA, emphasized the importance of this expansion. He stated, "Having a presence in Germany is crucial for building meaningful relationships. Our German office represents the next phase in our growth journey and will allow us to work more closely with key stakeholders in the country." He further highlighted that this move would leverage IFZA's core business expertise to enhance economic cooperation and drive investment to the UAE.

The Frankfurt office is set to play a pivotal role in bridging the gap between German and Dubai markets. It aims to support small and medium-sized enterprises from Germany looking to establish themselves in Dubai by sharing investment intelligence and connecting businesses with potential partners. This initiative underscores Dubai's appeal as an attractive destination for German companies seeking expansion into the UAE and beyond.

According to the World Investment Report 2023, the UAE leads the MENA region in attracting foreign direct investments (FDI), accounting for 32.4% of total FDI inflows, which amounts to US$70.2 billion. IFZA leverages the UAE's strategic location and world-class infrastructure to attract international investors and contribute significantly to the national economy.

IFZA's global network is not limited to Frankfurt; it has successfully established offices in Spain, Switzerland, and China. The company boasts over 1,500 IFZA Authorised Partners and Consultants worldwide, trained in supporting business owners in accordance with the 'IFZA Way'. This multinational approach is facilitated by IFZA's multilingual staff, representing more than 50 nationalities.

In line with its ambitious expansion plans, IFZA aims to open additional offices in Austria, the UK, India, Africa, and Latin America within this year. This expansion reflects IFZA's commitment to fostering international trade relations and supporting businesses globally.

With inputs from WAM