22-Dec-2005 4:29 PM
Sharjah Airport International Free Zone acquires an additional 2.5 million sqm of land
SYDNEY (Centre for Asia Pacific Aviation) - Sharjah Airport International Free Zone (SAIFZ) announced it has acquired an additional 2.5 million sqm of land as part of its expansion plan.
The project includes office and warehouse development. SAIFZ added it would provide concessions to investors, including 100% foreign ownership, repatriation of capital and profits, exemption from corporate taxes and personal income tax. The minimum capital requirement for obtaining a licence is USD40,000, which could be withdrawn later.
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