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Motexha leads way as biggest garments & fashion event

22 Jan '08
3 min read

“The opening last year of the six million square feet Dubai Textile City gives a further boost to the textile trade in Dubai,” Meltz added. “Fabrics are mainly imported from South Korea, Japan, China, India, Indonesia and Thailand. These products are further re-exported to countries including Iran, Iraq, Saudi Arabia, East Africa and former Soviet Union states.”

Dubai Textile City is expected to become the Middle East point of reference for trade to and from Europe, China, India and even the USA and is spread over six million square feet just ten minutes from Dubai International Airport.

The zone's tax-free status will attract global players, giving the $3 billion market a boost. Setting up business there entitles owners to 100% import and export tax exemptions, no corporate taxes for first 15 years, no personal income taxes as well as additional support services such as sponsorship and housing.

“The excellent contribution of the emirate's entrepreneurial free zones is an important part of Dubai's phenomenal growth rate,” Meltz said. “Textiles are regarded as Dubai's second biggest re-export commodity and Motexha continues to support industry growth.”

Motexha

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