Text size:

  • Small
  • Normal
  • Large
Abu Dhabi's twofour54 has been been ranked as one of the top free zones in the Middle East by Foreign Direct Investment Magazine. Jaime Puebla / The National
Jaime Puebla
Abu Dhabi's twofour54 has been been ranked as one of the top free zones in the Middle East by Foreign Direct Investment Magazine. Jaime Puebla / The National

More clients set up shop at Abu Dhabi's twofour54 free zone

Abu Dhabi's media hub twofour54 reported an increase in the number of companies based in the free zone in the first half of year including the TV production company making the Arabic version of children's show Sesame Street.

Abu Dhabi’s media hub twofour54 reported an increase in the number of companies based in the free zone in the first half of year, including the television production company making the Arabic version of children’s show Sesame Street.

The company registered 55 new clients in production, post-production and broadcasting. Occupancy rates for its studios was 92 per cent with post-production occupancy at 63 per cent and 1,384 production days booked. Since its launch five years ago, twofour54 has generated 15,864 hours of television broadcasting content.

It has also been ranked as one of the top free zones in the Middle East by Foreign Direct Investment Magazine (fDi).

The biannual Middle East Free Zones of the Future awards identifies the most promising special economic zones and locations for investment, economic development and business expansion. In the first half of this year, twofour54 came 11th in the rankings, up from 21st last year.

“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,” said Noura Al Kaabi, the chief executive. “A vibrant and dynamic media cluster contributes to Abu Dhabi’s attractiveness as a global business hub while offering career paths that fulfill the creative aspirations of Emiratis.”

Twofour54 houses some 200 international and regional media companies on its campus, including powerhouses such as CNN and Cartoon Network and local companies such as Qabeela Media, the producer of the travel series Peeta Planet.

Other highlights so far this year include the graduation of the gaming academy’s first eight students.

The academy was opened in partnership with Ubisoft. Twofour54 has also provided media training with Tamkeen Bahrain, a two-year agreement to develop Bahraini media talent and develop the region’s  industry.

Ms Al Kaabi recently announced Hollywood blockbuster Fast and Furious will be recording the seventh instalment of the film in the UAE. The 30 per cent rebate on all qualifying spending in the UAE has proven an attractive incentive for film producers attracting Screen Gems, a Sony Pictures Entertainment production company and Jerry Bruckheimer Films.


thamid@thenational.ae

Back to the top

More articles


Editor's Picks

 The Greens, villas: Q1 no change. 3BR - Dh210-250,000. 4BR - Dh210-260,000. 5BR - Dh220-300,000. Q1 2013-Q1 2014 5% rise. Pawan Singh / The National

In pictures: Where Dubai rents have risen and fallen, Q1 2014

Find out how rental prices in the prime locations in Dubai have altered during the first three months of the year and the current rates you will pay according to data provided by Asteco.

 Above, the private pool of Ocean Heights' five-bedroom penthouse flat. Courtesy Christie’s International Real Estate

In pictures: Penthouse flat is height of Dubai luxury living

A five-bedroom penthouse in Ocean Heights in Dubai Marina is on sale for Dh25 million and comes with a private pool and an unparalleled view of Dubai.

 The cooling towers of the Temelin nuclear power plant near the Tyn nad Vltavou in Czech Republic. The country wants to continue expanding nuclear energy capacity despite cancelling a tender to build two new units. David W Cerny / Reuters

In pictures: Best business images for the week to April 17, 2014

Here are some of the best business images for the week to April 17, 2014.

 Three generations of the Hakimi family tend to their stall Crawford Market in Mumbai. Subhash Sharma for The National

In pictures: Shopper’s delight at Crawford Market in Mumbai

Crawford Market is an old British-style covered market dealing in just about every kind of fresh food and domestic animal imaginable. Later on renamed Mahatma Jotirao Phule, the market remains popular among locals and visitors by its old name, taken from Arthur Crawford who was the first municipal commissioner of the city.

 The Wind, Energy, Technology and Environment Exhibition takes place from April 14 to April 16. Above, the Dewa showroom during last year’s Wetex. Jaime Puebla / The National

April corporate and economic calendar for the UAE and overseas

From Cityscape to Wetex to stock-market holidays to nations reporting first-quarter GDP figures, here is our helpful calendar of April's business events in the UAE and internationally.

 Get the latest information on credit cards, bank accounts and loan products in the UAE. Mark Lennihan / AP Photo

Rates report: Latest on UAE loans, accounts and credit cards

Souqamal.com brings you the latest interest rates on banking products in the UAE.

Events

To add your event to The National listings, click here

Get the most from The National