twofour54, the commercial arm of the Media Zone Authority-Abu Dhabi, has announced its results for the first half of 2013. The six month period has seen twofour54 placed 11th in the Middle East in the Financial Times’ Foreign Direct Investment Magazine (fDi)’s bi-annual ‘Middle East Free Zones of the Future’ rankings and awards for 2013. The rankings identify the most promising special economic zones and locations for inward investment, economic development and business expansion in the region. twofour54 ranked 21st in the Global fDi ranking published in 2012. The judging criteria for fDi Magazine's rankings are designed to recognise which freezones have not only shown exceptional growth but also those which also offer the best services, facilities and incentives for tenants.
Noura Al Kaabi, Chief Executive, twofour54–Abu Dhabi, said: “Looking at our successes in the year to date, the fDi rankings stand out in particular. It brings me great pride to witness twofour54 attaining the position of top performing media and creative free zone in the Middle East. A vibrant and dynamic media cluster contributes to Abu Dhabi’s attractiveness as a global business hub; while offering career paths that fulfil the creative aspirations of Emiratis. It’s very satisfying to have welcomed more than 200 media companies to our Abu Dhabi campus in less than five years’ time, benefitting from Abu Dhabi’s strong economic growth and the sharp increase in foreign direct investment in the Emirate.”