Dubai to invest in trade zones worldwide

23 Jan 2007

Dubai: Government-owned holding company Dubai World says it plans to invest over $7.5 billion in setting up industrial parks in different parts of the world, including India.

The company launched ''Economic Zones World'', an enterprise aimed at consolidating its position in the development and management of economic zones and business hubs across the world.

According to Sultan Ahmed Bin Sulayem, chairman, Dubai World, "Economic Zones World (EZW) has been created as a single commercial entity to look after Dubai World''s worldwide operations of free zones, special economic zones and activity-specific business and industrial zones."

"The company already has projects under discussion in India, Pakistan, Oman, South Korea and Morocco," said Salma Hareb, CEO, Economic Zones 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."

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