The UAE is decidedly focused on rapidly developing their media sector. For example, the country is quickly becoming a hub for the U.S. film industry through their free zones and open media environment. Many U.S. movies have been filmed in the U.A.E. including Syriana, the Kingdom, Iron Man, and Jumper. In turn, this focus has led to original Emirati films. In 2010, the award-winning Emirati writer and director Ali Mostafa released City of Life, the first major motion picture directed by a U.A.E. national about the Emirate of Dubai. Many U.S. news organizations have also found their way to the U.A.E to service the M.E.N.A. region, using the free zones as a hub. These companies include CNN and the News Corporation.
Opportunities for U.S. companies include Abu Dhabi’s TwoFour54 free zone, offering media and entertainment organizations a complete range of services needed for success in the region. These services span from world-class studio production to customized office space solutions. TwoFour54’s partners include CNN, Thomson Reuters Foundation, and News Corporation. Likewise, Dubai Media City is a fee zone dedicated to all media-related businesses. It is strategically located at the crossroads of the Middle East, Africa, and South Asia, and offers lower tax rates with 100% foreign ownership privileges. This is part of Dubai’s push to transform the U.A.E into a knowledge-based economy.
Dubai media City: www.dubaimediacity.com
City of Life: www.cityoflifefilm.com