Sharjah ruler signs off on the Sharjah Communication Technologies Freezone

A new tech freezone in Sharjah: Sharjah Ruler Sheikh Sultan bin Muhammad Al Qasimi issued a decree to establish the Sharjah Communication Technologies Freezone (Comtech) in Kalba, Sharjah24 reports. The freezone will act as a hub in the emirate for tech and AI companies to establish headquarters and data centers in a zero-tax zone.

What’s next? Once published in the official gazette, detailed regulations regarding financial resources, exemptions, and operational procedures will come into effect. An organizational structure for the freezone will also be made public.

REMEMBER- The Sharjah ruler established the Sharjah Communication Technologies Authority in mid-June. The new authority will regulate all services related to the telecommunications sector, communication technologies, infrastructure, data centers, and marine and land installations in the emirate, and roll out comprehensive strategic plans, legislation, and projects to advance the sector.