Dubai Outsource Zone Announces 'Seal of Approval' from Leading Analyst Firm; FAO Research, Inc. Targets Dubai As One of the World's Attractive Finance & Accounting Outsourcing Destinations.DUBAI CITY, United Arab Emirates United Arab Emirates, federation of sheikhdoms (2005 est. pop. 2,563,000), c.30,000 sq mi (77,700 sq km), SE Arabia, on the Persian Gulf and the Gulf of Oman. -- The Dubai Outsource Zone (DOZ DOZ Dozen Doz Dozent (German) DOZ Description Out of Zip ), one of several initiatives of the Dubai government to foster technology and knowledge-industry growth, announced today that market research firm FAO FAO, n See Food and Agriculture Organization. Research has completed an independent analysis of DOZ's capabilities, concluding that Dubai is an "extremely attractive operational alternative" for companies seeking a new offshore outsourcing Offshore outsourcing is the practice of hiring an external organization to perform some business functions in a country other than the one where the product or service will be sold or consumed. destination. With Dubai located near both Europe and Asia, the region has become a tourist and commercial business paradise. DOZ offers financial incentives, government assistance, infrastructure and employee benefits seen nowhere else in the world, such as 100% exemption from all taxes, a reliable telecommunications and technology system, a one-stop-shop of support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services , and a pool of qualified workers from around the world. "Dubai is highly committed to the global outsourcing industry as a key driver of economic growth," said Ismail Al Naqi, director of DOZ. "We offer a highly skilled international work force, attractive telecommunication costs and wage rates, and an unbeatable infrastructure package. As Dubai's knowledge economy continues to grow, outsourcers and outsourcing suppliers will find that our business incentives and lifestyle options are unmatched around the world." FAO Research's report, "Outsourcing in an Arab Nation? Dubai as the Hidden Jewel for Finance & Accounting Outsourcing, Shared Services shared services, n.pl the administrative, clinical, or other service functions that are common to two or more hospitals or their health care facilities and used jointly or cooperatively by them. and Captive Centers," suggests that Dubai's progressive government leadership, robust technology infrastructure, relative social progressiveness, financial incentives and friendly support services make it a "hidden jewel" for outsourcing providers and companies looking to set up effective offshore operations as part of their globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation strategy. "Dubai presents an extremely attractive alternative for companies seeking an economical, highly modernized and efficient location from which to provide services," said Lisa Ross, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of FAO Research. "We have found the leadership of DOZ, and the government in general, to be extraordinarily progressive in terms of creating a sustainable infrastructure, financial incentives and the support services necessary to provide the current and projected needs of its growing employee population and overall economy." FAO Research's report is based on a five-month, comprehensive, independent analysis of Dubai's potential as a suitable destination for FAO service providers seeking global diversification and companies seeking alternate offshore locations for shared services, captive centers or geographic expansion. Information and a detailed Table of Contents can be found at www.faoresearch.com. A free excerpt of the report is available by contacting Greg McFarlin, Senior Vice President for North America, Dubai Outsource Zone, at 419-207-8168 or gregmcfarlin@earthlink.net. About Dubai Outsource Zone Created in 2004, Dubai Outsource Zone (DOZ) is the world's first environment dedicated to the outsourcing industry. DOZ provides a comprehensive infrastructure and environment for outsourcing companies to set up global or regional hubs servicing the worldwide market or for companies seeking an alternate operational location. DOZ offers 100 percent exemption from all taxes, a reliable telecommunications and technology infrastructure, a one-stop shop One-Stop Shop A company or a location that offers a multitude of services to a client or a customer. The idea is to provide convenient and efficient service and also to create the opportunity for the company to sell more products to clients and customers. of support services, a pool of qualified workers from around the world, and numerous other benefits. Outsourcing leaders like EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. , Perot Systems, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Hewlett Packard and Wipro currently have operations in Dubai. For more information, visit www.dubaioutsourcezone.com. About FAO Research FAO Research is the only independent research firm focused exclusively on the Finance & Accounting Outsourcing (FAO) market. Headquartered in Boston, MA, FAO Research conducts market research and custom consulting services for FAO service providers, advisors and companies that want to better understand FAO market activity, the supplier landscape and buyer needs. With frequent publishing of reports and independent, unbiased viewpoints, FAO Research is a trusted source for impartial research and opinions. For more information, visit www.faoresearch.com. |
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