In an article posted in Farsi to the Qeshm Free Zone Authority (QFZA) website, a senior official at QFZA says he is seeing a spike in the number of Dubai-based investors expressing interest in Qeshm Free Zone: “With the growing crisis in the countries of Persian Gulf, and due to a collection of economic problems in Dubai, many investors are leaving the region and coming to QFZ, offering as it does ample land, various financial inducements, and favorable conditions for industrial investment. ” Not content to fire a shot across the bow of mammoth facilities to the South, the QFZA official also took the opportunity to remind his government that Qeshm industry is in need of active protection and support of the state, if it is to make the most of its largely virtual amenities. All of which concludes with my favorite quote of the week: “I expect that with growth, industry on Qeshm island will see future expansion in its heavy and light industrial projects.” As for Dubai, one expects all’s not yet lost.
-EDC
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