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: Free Zones in the UAE |
| Economic Zones World
[EZW] |
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DUBAI WORLD LAUNCHES ECONOMIC ZONES WORLD
Initiative Aims to Position the Group as one of the World’s leading Developer and Operators of Economic Zones |
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Dubai World on Monday, January 22, in a glittering function held at Mina Al Salam hotel in Dubai, launched Economic Zones World, a far-reaching business initiative aimed at consolidating its unique strength in the development and management of economic zones and business hubs across the world.
“Economic Zones World (EZW) has been created as a single commercial entity to look after Dubai World’s existing and future worldwide operations of free zones, special economic zones and activity-specific business and industrial zones”, said Jamal Majid Bin Thaniah, Vice Chairman Dubai World and Group CEO Ports & Free Zones Wolrd, in his address on the occasion.
Economic Zones World is being led by Salma Hareb, CEO of Jafza and Economic Zones World. Economic Zones World’s current group profile includes Dubai’s flagship venture Jebel Ali Free Zone (Jafza), its international arm, Jafza International, as well as Techno Park and Dubai Auto Zone.
Commenting on the move, Sultan Ahmed Bin Sulayem, Chairman Dubai World said: “The Economic Zones World is well positioned to carry forward the mandate of Dubai World to bring new dynamism and strength to Dubai’s role as a major economic powerhouse in today’s market driven world. Its creation is a logical step forward in the evolution of Jafza, which is Middle East’s premier international business hub. The launch of Economic Zones World reinforces our policy of thinking big and planning ahead in order to take on future challenges.”
Dubai World, a Dubai Government entity, is rated as one of the world’s largest holding companies. It was established to continue expanding Dubai’s aggressive growth, domestically and abroad.
Speaking on the occasion, Salma Hareb said: “The Economic Zones World is aimed at consolidating our inner strength and resources. It is designed to provide the best support systems possible to enable existing businesses and prospective investors to grow without hindrance.”
“It will bring new energy to its four subsidiaries, and promote their local and international image as trend-setters. It is a reflection of our commitment to empowering businesses.”
EZW will capitalize on its highly customer-centric Jafza business model to expand its operations in strategically important areas worldwide, and specifically in the emerging economies in Asia, Africa, the Middle East, Eastern Europe, Latin America and other parts of the world.
“With its current first-ever position and strong platform, Economic Zones World is all set to achieve long term growth and profitability in its Dubai based and international operations”, Salma Hareb said. |
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Courtesy JAFZA
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