Dubai sets up Economic Zones World
Dubai World has launched Economic Zones World, a far-reaching enterprise 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 global operations of free zones, special economic zones and activity-specific business and industrial zones.
Economic Zones World’s current group profile includes Dubai’s flagship venture Jebel Ali Free Zone (Jafza), its international arm -- Jafza International, 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 the 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.
Salma Hareb, CEO of Economic Zones World and Jafza, unveiled the logo of the EZW marking the official launch of the new entity.
“The Economic Zones World is aimed at consolidating our inner strengths 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,” said Hareb.
Economic Zones World aims to achieve its aspirations by leveraging its existing strengths. It currently operates Jebel Ali Free Zone (Jafza), its international arm Jafza International, Techno Park and Dubai Auto Zone.
Jebel Ali Free Zone (Jafza), which is one of the largest and fastest-growing free zones in the world, was established in 1985.
Today it is home to about 6,000 companies from 120 countries, and plays a lead role in the burgeoning UAE economy.
Jafza International is the international arm of Jafza, created to manage and operate special economic zones in other countries.
It currently operates free zones in Morocco, Djibouti and Malaysia, and has signed MoUs for developing free zones in Oman, Senegal and South Korea.
Jafza International’s new mandate includes the development of business hubs by equity participation in ownership, wherever expedient.
Techno Park symbolises Dubai's vision to develop a knowledge-based economy.
It has been established to promote high-tech industries to support the country's long-term economic development.
Dubai Auto Zone (DAZ) is an industry specific initiative which aims at developing the Middle East region’s most comprehensive market place for the automotive business, catering to buyers, sellers, service providers, principals and traders alike.
DAZ, a mixed use facility comprising a free zone to attract Foreign Direct Investment (FDI) in the auto sector, a specialized economic zone to cater to the GCC markets and a retail zone to serve local markets.
EZW aims to capitalise on its highly customer centric Jafza Business Model to expand its operations in strategically important areas worldwide, and, in specific 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 in international operations,” said Salma Hareb
Economic Zones World (EZW) has been created as a single commercial entity to look after Dubai World’s global operations of free zones, special economic zones and activity-specific business and industrial zones.
Economic Zones World’s current group profile includes Dubai’s flagship venture Jebel Ali Free Zone (Jafza), its international arm -- Jafza International, 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 the 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.
Salma Hareb, CEO of Economic Zones World and Jafza, unveiled the logo of the EZW marking the official launch of the new entity.
“The Economic Zones World is aimed at consolidating our inner strengths 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,” said Hareb.
Economic Zones World aims to achieve its aspirations by leveraging its existing strengths. It currently operates Jebel Ali Free Zone (Jafza), its international arm Jafza International, Techno Park and Dubai Auto Zone.
Jebel Ali Free Zone (Jafza), which is one of the largest and fastest-growing free zones in the world, was established in 1985.
Today it is home to about 6,000 companies from 120 countries, and plays a lead role in the burgeoning UAE economy.
Jafza International is the international arm of Jafza, created to manage and operate special economic zones in other countries.
It currently operates free zones in Morocco, Djibouti and Malaysia, and has signed MoUs for developing free zones in Oman, Senegal and South Korea.
Jafza International’s new mandate includes the development of business hubs by equity participation in ownership, wherever expedient.
Techno Park symbolises Dubai's vision to develop a knowledge-based economy.
It has been established to promote high-tech industries to support the country's long-term economic development.
Dubai Auto Zone (DAZ) is an industry specific initiative which aims at developing the Middle East region’s most comprehensive market place for the automotive business, catering to buyers, sellers, service providers, principals and traders alike.
DAZ, a mixed use facility comprising a free zone to attract Foreign Direct Investment (FDI) in the auto sector, a specialized economic zone to cater to the GCC markets and a retail zone to serve local markets.
EZW aims to capitalise on its highly customer centric Jafza Business Model to expand its operations in strategically important areas worldwide, and, in specific 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 in international operations,” said Salma Hareb
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