As part of a strategic initiative to enhance commercial relations between the UAE and Germany, the International Free Zone Authority (IFZA) has forged a partnership with the Bundesverband mittelstandische Wirtschaft e.V (BVMW), the Federal Association of Small and Medium-Sized Enterprises in Germany. Acting as the designated representative of BVMW in Dubai, IFZA will inaugurate an office in the city to provide assistance to the increasing influx of German enterprises setting up in Dubai.
This partnership marks a significant advancement in IFZA's efforts to bolster Dubai's Government initiative D33, which aims to attract international businesses to the city and stimulate economic growth. By aligning with BVMW, IFZA has established itself as the top choice for German companies seeking expansion and globalization opportunities in the UAE. The focus is squarely on enabling SMEs from both Germany and the UAE to capitalize on mutually beneficial prospects facilitated by IFZA.
"IFZA has an impressive track record of successfully serving the German business community, and we are thrilled to be part of BVMW’s alliance here in Dubai. Our strategic partnership with BVMW is a key component in IFZA becoming the solution for German businesses looking to expand to Dubai and beyond. We offer comprehensive solutions for German SMEs looking to grow their business in Dubai and believe our partnership with BVMW speaks loudly to Dubai’s position as the region’s thriving business and investment hub. We are delighted to be able to support even more German SMEs to pursue their business growth ambitions from Dubai to the world", said Jochen Knecht, CEO at IFZA.
Having over 1,200 German companies and a substantial population of 30,000 German residents in the UAE, Germany has consistently represented a crucial market for IFZA, owing to the vibrant interaction between the two nations. Acknowledging the significance of fostering this partnership, IFZA has proactively pursued avenues to tap into new business sectors within the country. Recently, IFZA proudly welcomed EMAG among the numerous German enterprises seeking its assistance in establishing their business presence in Dubai.
Commenting on IFZA’s relationship with BVMW, Christoph Ahlhaus, Chairman of BVMW, said, "Small and medium-sized businesses are strongly rooted in Germany and its regions. In order to be internationally successful, SMEs need reliable and well-founded support".