Latest news with #UmmAlQuwainFreeTradeZone
Zawya
3 days ago
- Business
- Zawya
Emirates Gas signs MoU with UAQ Free Trade Zone Authority to deliver comprehensive gas solutions
Dubai, UAE: Emirates Gas LLC, a wholly owned subsidiary of ENOC Group, today signed a Memorandum of Understanding (MOU) with the Umm Al Quwain Free Trade Zone Authority (UAQ FTZ), one of the leading and most cost-effective free zones in the UAE, to provide comprehensive gas solutions to its customers based in the free zone on an exclusive basis. This landmark partnership marks a significant step forward in Emirates Gas' expansion strategy, building on ENOC Group's commitment to deliver reliable energy solutions across various sectors. The MOU was signed in the presence of Sheikh Mansoor Bin Ibrahim Al Mu'alla, Executive Director of Ports, Customs and Free Zone Corporation – Umm Al Quwain, Hussain Sultan Lootah, Acting Group CEO at ENOC, at the ENOC Group Headquarters by Nader Al Fardan, General Manager of Emirates Gas, and Johnson M. George, General Manager, Umm Al Quwain Free Trade Zone. Under the terms of the agreement, Emirates Gas LLC will deliver customised gas solutions including centralised gas systems, tank installations, product supply in both bulk and cylinders, as well as technical and consultancy services. Each solution will be tailored based on internal evaluations covering technical and financial feasibility, along with thorough safety assessments. The agreement establishes a framework for both organisations to work collaboratively in meeting the gas requirements of businesses operating within the free zone. It aims to serve as a model for potential collaborations with other free zones, industrial areas, and similar entities across the UAE, showcasing the value of exclusive gas supply agreements. Hussain Sultan Lootah, Acting CEO of ENOC Group said: 'We are pleased to collaborate with the Umm Al Quwain Free Trade Zone Authority to expand our offerings to better serve customers in the free zone. By providing comprehensive gas solutions exclusively to businesses within the free zone, we are catering to their needs and reaffirming our commitment to delivering reliable energy solutions in the Emirate. Additionally, this partnership aligns with our strategic objectives, adding value to both entities while further supporting the country's economic development.' Johnson M. George, General Manager, UAQ Free Zone Authority, commented: 'At UAQ Free Trade Zone, our priority has always been to empower our investors with the right infrastructure, the right partners, and the confidence to grow. This partnership with Emirates Gas, an industry leader known for safety, reliability, and professional excellence, is a strategic move to ensure our businesses have access to world-class solutions." Emirates Gas LLC continues to innovate in response to the region's growing energy demands and sustainability goals. The company's commitment to innovation is demonstrated through products like its LPG Composite Cylinders, which feature advanced composite materials, lighter weight, and enhanced safety features with a translucent design for easy monitoring. This innovative approach, complemented by ongoing partnerships, reinforces Emirates Gas' position as a leading energy solutions provider in the UAE. About ENOC Group: ENOC Group is a leading integrated global energy player and a wholly owned entity of the Government of Dubai that is integral to the Emirate's success. ENOC owns and operates assets in the fields of exploration & production, supply & operations, terminals, fuel retail, aviation fuel and petroleum products for commercial & industrial use. The Group's general business operations include automotive services, non-fuel F&B retail and fabrication services. Servicing thousands of customers in over 60 markets, the Group employs a multi-national workforce of over 12,500 employees and is deploying its world-class customer service, latest innovations, and technologies as well as best practices to empower the UAE's social and economic development. For further information, please visit:
ME Construction
16-05-2025
- Business
- ME Construction
UAQ FTZ and Dubai Land Department sign Landmark Agreement
Property UAQ FTZ and Dubai Land Department sign Landmark Agreement By This agreement will enable direct freehold ownership under a company name, and expedites registrations through integrated digital systems, and ensures transparency in ownership transfers Umm Al Quwain Free Trade Zone (UAQ FTZ) has signed a Memorandum of Cooperation (MoC) with the Dubai Land Department (DLD), a move that now allows UAQ FTZ-registered companies to legally acquire and register freehold property in Dubai under their business name. This collaboration enables businesses to scale, diversify, and root themselves in the UAE's real estate market. 'We are proud to lead with purpose and enable our investors to participate in Dubai's thriving real estate sector with full legal clarity and institutional support,' said Sheikh Mansoor Bin Ibrahim Al Mu'alla,Executive Director of Umm Al Quwain Free Trade Zone Authority. The agreement establishes a legal and operational framework between the two government entities, eliminating traditional barriers and facilitating the ownership of strategic real estate assets by licensed businesses that align with their growth roadmaps. 'This is a transformative step for the businesses we support. We've consistently positioned UAQ FTZ as a strategic gateway to the UAE. This collaboration now gives our license holders the power to secure real estate assets in Dubai, aligning with their growth ambitions and offering long-term operational stability,' added Johnson M. George,General Manager of UAQ FTZ. 'This partnership reflects Dubai Land Department's commitment to enabling real estate investment across the UAE through collaboration and innovation. We're proud to work with UAQ FTZ to provide a seamless and legally sound framework that supports business expansion while upholding regulatory excellence,' noted Majid Saqer Almarri, CEO of the Real Estate Registration Sector at Dubai Land Department. This milestone of inter-governmental cooperation aligns with the UAE's vision for economic diversification, foreign direct investment growth, and cross-emirate business operations. The resulting benefits span various operational and strategic dimensions. It enables direct freehold ownership under a company name, expedites registrations through integrated digital systems, and ensures transparency in ownership transfers. Both entities have also committed to ongoing regulatory coordination, reinforcing compliance with anti-money laundering and counter-terrorism financing standards.
