Thursday, 18 July 2024
ConstructionMiddle East

Sharjah Launches Comtech Free Zone in Kalba City

  • Tax-free status for businesses
  • Strategic location in Kalba city
  • Focus on communication and technology sectors

The Ruler of Sharjah, His Highness Dr. Sheikh Sultan bin Mohammed Al Qasimi, has officially established the Sharjah Communication Technologies Free Zone (Comtech) in Kalba city through an Emiri decree.

Comtech’s strategic location in Kalba city provides businesses with access to regional and international markets, further enhancing Sharjah’s appeal to global technology companies.

New Comtech Free Zone Set to Transform Sharjah’s Tech Landscape

The newly announced Sharjah Communication Technologies Free Zone (Comtech) is a landmark initiative by His Highness Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah. Located in Kalba city, Comtech aims to create an attractive environment for global technology firms by offering a range of incentives, including tax-free status. This initiative, governed by the Sharjah Communication Technologies Authority (SCTA), is set to drive technological innovation and economic growth in the region.

Comtech’s establishment is a strategic move to enhance Sharjah’s position as a technology hub. The free zone will provide businesses with a conducive environment for growth, supported by the emirate’s robust infrastructure and strategic location. By offering tax-free status and other benefits, Comtech aims to attract leading technology firms from around the world, boosting the local economy and creating high-quality job opportunities.

Kalba city’s strategic location further enhances the appeal of Comtech, providing businesses with easy access to regional and international markets. The free zone is expected to become a focal point for technological innovation, supporting the development of cutting-edge communication technologies and fostering collaboration between local and international tech companies. This aligns with Sharjah’s broader vision of promoting sustainable development and economic diversification through technological advancement.

In addition to its economic benefits, Comtech is poised to play a crucial role in Sharjah’s digital transformation. By attracting top-tier technology firms, the free zone will contribute to the development of a vibrant tech ecosystem in the emirate. This will not only enhance Sharjah’s reputation as a technology leader but also support the broader goal of positioning the UAE as a global innovation hub.

The creation of the Sharjah Communication Technologies Free Zone (Comtech) marks a significant milestone in Sharjah’s journey towards becoming a leading hub for technological innovation. With its strategic location, tax-free status, and supportive environment for tech firms, Comtech is set to drive economic growth and position Sharjah at the forefront of the digital transformation in the region.

“Technology is best when it brings people together.”

– Matt Mullenweg

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