
Farayand Group
Farayand Virtual World
* Media City Expands Zone Amid Big Investor Interest

IMPZ will have a new location on Dubai’s Emirates road
Promoted by the Dubai Media City, the International Media Production Zone (IMPZ) has been earmarked an additional area of eight million square feet from the original 35 million square feet.
IMPZ has also signed up its first partner-the Al Ghurair Group, which will be pumping in Dh300 million on a print production facility in the zone.
The Dubai-based group has booked an area of 500.000 square feet.
The IMPZ project has also launched its new corporate identity. IMPZ’s benefits to investor companies include exemption form a range of taxes, including those for machinery.
Many of the biggest names in the broadcast industry-MBC, Showtime, and Star-have already signed up with DMC.
Now, with the IMPZ, the DMC strategy reaches its next level.
(Source: Gulf News)
A Farayand Group Company
14 Apr. 2004 - No. 26