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Free Zones Of UAE
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UAE Freezones Biz News Updates
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JAFZA, DWC to be linked
Two free-zones to offer common platform to ease trade
Dubai World Central (DWC), home to Dubai’s second airport and the Dubai Expo
2020 site, will establish a formal link with Jebel Ali Free Zone (JAFZA)
that will flow of trade between the two entities, said a senior aviation
official on Monday.
Khalifa Al Zafein, Executive Chairman of Dubai Aviation City Corporation,
said DWC is establishing a common IT and business platform with JAFZA.
“We are located very close to Jebel Ali Port, which is the ninth largest
container terminal in the world, and with the planed development of DWC for
Expo2020, it is logical to create a common hub that will ease trade and help
people improve their transactions,” said Al Zafein.
Jebel Ali Port handles 13.3 million containers annually, with a plan to
expand capacity to handle 18 million containers.
“With DWC preparing to handle 12 million tonnes of cargo soon, the two free
zones combined will become one of the largest trade and logistic hubs in the
world,” he added.
The 140 square kilometre master-planned city has been divided into several
districts, including a humanitarian city that will house international
humanitarian organisations including UNHRC and IHC.
It is also home to an aviation hub that includes Al Maktoum International
Airport that began its operations last year and is home to Dubai Air Show.
The airport is set to have a capacity to handle 220 million passengers by
EXPO 2020. The Expo itself is expected to attract 25 million people during
its six months of operations.
The other districts will be commercial, residential, logistic and golf.
“DWC is going to be a thriving hub with mixed utility and by EXPO 2020 it
will create 785,000 employment opportunities and around one million people
will be living here,” added Al Zafein.
May 5, 2014 |
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Courtesy Al Nisr Publishing LLC
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