Turkish Trade Centers to Open Doors in Dubai’s One Central

Turkish Trade Centers to Open Doors in Dubai’s One Central

Dubai World Trade Centre’s One Central has welcomed the Turkish Trade Centers to its first award-winning commercial office building.

With the goal of facilitating and enhancing trade between Turkey and Dubai, Turkish Trade Centers is one of the key commercial tenants to sign a lease and operate with a free zone licence within One Central, the AED 8bn mixed-use development managed and developed by the Dubai World Trade Centre Authority (DWTCA). One Central is an offshore zone strategically situated in the heart of the Dubai World Trade Centre complex.

Abdalla AlBanna, Vice President ‘ Free Zone Operations, Dubai World Trade Centre said, ‘Historically, Dubai has played a significant role in the economic development of the region by facilitating the movement of goods and services, and the exchange of knowledge and ideas. One Central is another excellent free zone business platform and a very well-rounded development fit to enhance trade ties, supporting international enterprises and associations to enjoy numerous offshore license benefits to propel the economy further. We are confident that the establishment of Turkish Trade Centers will open more avenues for trade and commerce in the region.’

DWTC’s One Central has been selected by the Turkish Trade Center management as the hub for the operations because it provides a business environment that is conducive to trade growth and has a well-developed legislative framework that regulates business activities. Established as a Free Zone company under the DWTC Authority, Turkish Trade Center organisation is gearing up to promote trade and commerce between the two countries, by providing Turkish businesses, legal and financial assistance for setting up operations in the UAE. 

Under the development and management of Dubai World Trade Centre Authority (DWTCA), One Central is an integrated real estate development in Dubai’s business district, facilitating international trade and commerce and attracting multinational businesses to set-up and expand in the region through the establishment of permanent representative offices or new regional headquarters in the UAE and Dubai specifically.

Alongside the Turkish Trade Centers, other organisations that have signed lease agreements include Pinsent Masons LLP, R M E Luxembourg Business Center, R M E Business Center FZE and Schlumberger Global Support Centre Limited. 

One Central will provide 540,000 square metres of development space, and houses business, residential and leisure developments, including five Grade A, LEED Gold certified office buildings, four hotels ranging from 3, 4 and 5 stars with an estimated 2,000 keys, and residential towers offering 1,300 premium residential units.