Dubai, UAE – February 19, 2024: In a strategic move fostering UAE-German business ties, IFZA, Dubai's dynamic free zone community, collaborates with Bundesverband mittelständische Wirtschaft e.V (BVMW), the German Federal Association of Small and Medium-Sized Businesses. IFZA establishes a Dubai office to support the increasing number of German businesses venturing into Dubai.
This partnership aligns with IFZA's commitment to Dubai's Government initiative, D33, attracting global businesses to boost economic growth. Positioned as the preferred choice for German enterprises expanding in the UAE, IFZA focuses on facilitating opportunities for small and medium-sized enterprises (SMEs) between Germany and the UAE.
Jochen Knecht, CEO at IFZA, emphasizes their track record of serving the German business community. The partnership with BVMW solidifies IFZA's role as the solution for German businesses expanding to Dubai and beyond. The collaboration seeks to support more German SMEs in pursuing their business growth ambitions globally.
With over 1,200 German companies and 30,000 German citizens in the UAE, Germany is a crucial market for IFZA. The company's decisive steps to target new business segments include welcoming EMAG, a German company choosing IFZA for their business setup in Dubai.
Christoph Ahlhaus, Chairman of BVMW, acknowledges the importance of reliable support for international success among SMEs. BVMW's office at IFZA will connect members with the UAE market, serving as a hub to connect German businesses with potential partners in the region.