Jafza bi-monthly newsletter by qkz10053

VIEWS: 70 PAGES: 12

									Issue 9 January/February 2008




                                               Jafza bi-monthly newsletter




   Spreading                                                                                                                          Year 2007


                                              convention centre complex. International         Our technology facilitator, TechnoPark,       agreement to establish a $600 million
                                              businesses will soon find a luxurious            through Dubai Institute of Technology,        special zone in Orangeburg, South
                                              home at Jafza’s first high-rise towers, Jafza    its R&D arm, has entered into a string of     Carolina. These are some of the strategic
                                              View 18 & 19, in addition to warehouses,         strategic agreements this past year with      global network projects initiated in 2007.
                                              showrooms, and exhibition centres.               renowned institutions and technology
                                                                                                                                             These initiatives are opportunities for you
                                                                                               companies, including Intel Corporation,
                                              We have chosen to heavily invest in your                                                       and Economic Zones World (EZW) to
                                                                                               Boston University, the University of          expand and grow in a familiar
                                              experience, resulting in the induction of
                                                                                               Texas (Austin), Fraunhofer-Gesellscaft        environment with a name you can trust.
                                              the largest CRM system in the region,
                                                                                               of Germany and the World Association
                                              creating Call Centres, Information Centres
                                                                                               of Industrial & Technical Research            Our team grew at a rapid rate. I am
                                              and more than 90% of our processes
                                                                                               Organisation (WAITRO) among others.           blessed to be surrounded by a dedicated
                                              are online. We have also restructured to
                                                                                               We aim to create a platform that will offer   team who is creative and has the
                                              ensure accountability.                                                                         entrepreneurial spirit needed to push
                                                                                               the best infrastructure to promote R&D
                                                                                                                                             forward. Our international team is a
                                                                                               and integrate business and technology.
                                                                                                                                             reflection of our spirit, our clients, and our
                                              We concluded the development of two              Dubai Institute of Technology is a concept
                                                                                                                                             expansion programme.
                                              major branding initiatives; for Jafza,           come to life. This initiative will make its
                                              “Where Else” and for TechnoPark,                 mark on the region’s R&D map, becoming        We will stay on the road less travelled
                                              “Beyond”. The development of our brands          the hub of science and technology.            to provide you with the best logistics park
                                              will help our community grow, attract                                                          in the world, the region’s technology hub;
                                              talent and provide greater credibility.          Although it may have been easier to focus     and the largest global network.
                                                                                               on local developments, we chose the
                                              Our joint initiatives have provided stimulus     “road less travelled”, and expanded           Until we meet, I wish you the greatest
                                              to local and regional economies, and will        internationally, becoming the first           success.
Dear Customers, Dear Partners,
                                              do so in the future.                             economic zone developer in the world
                                                                                               with such ambitious plans.                    Salma Ali Saif Bin Hareb
Reflecting on our journey, I recall the
poem by Robert Frost “‘The Road Not           Jafza, in partnership with you, has                                                            CEO, Jafza and Economic Zones World
Taken’ and the passage “I took the road       contributed enormously to Dubai’s                We are well on our way to establishing a
less travelled by and that has made all       economy - 26% of Dubai’s GDP in 2006.            strategic global network of Economic
the difference.”                              This in turn has accelerated                     Zones and Industrial Parks. In 2007 we
                                                                                               have made an exciting inroad into Africa
                                                                                                                                                I N S I D ES t o r y
                                              business activities in the entire region.
We have taken the road less travelled and                                                      with the $800 million Special Economic
it has indeed made all the difference.        On the capital market front, Jafza was           Zone in Dakar, Senegal.
                                              able to raise funds for 8 billion dirham
The growth of Dubai could have made           Sukuk, an Islamic bond, through the              Regionally and across Asia, we have             Dubai Institute of Technology
us choose the status quo approach.            international financial capital market,          strengthened our position by signing            moves ahead rapidly                   2
However, we cultivated the spirit of          receiving an “A” credit rating. Jebel Ali        agreements with market leaders to
enterprise and invested in you.               Free Zone Sukuk was named “Best Sukuk            develop and operate a chain of business
                                              and UAE Deal of the Year” at the Islamic         and logistics parks across India, Malaysia,
We commenced the development of               News Awards 2007.                                and Vietnam in Asia.                            Jafza International signs MOU to
“Dubai, the logistics corridor”; connecting                                                                                                    develop SEZ in Senegal & Subic
the largest man made port, one of the                                                          We have also entered into strategic
                                                                                                                                               Bay Freeport in the Philippines       3
                                              We are responsible to all stakeholders,
largest free zones and the upcoming           including the community we live in. This is      partnerships to develop and operate
largest airport in the world. This places     very close to our heart. We have created         integrated logistics and business platforms
you at the heart of our operations, giving    a department to ensure our commitment            in Western and Eastern Europe. Closer to        Russian Deputy Prime Minister,
you the strategic advantage.                  is realised. As result of these efforts, Jafza   home we have recently signed strategic          Philippines President and Saudi
                                              has been recognised with many awards             partnerships for the development and            Prince visit Jafza                  5-6
We have also invested                         including: “Best Logistics Park” and “Best       management of Rakisa Economic City
heavily in infrastructure and                 Economic Zone”, to name a few. We                in Hail, Saudi Arabia, and the Misurata
superstructure. This past year, our           celebrated our achievements                      Economic Zone in Libya.
                                                                                                                                               Jafza to facilitate E-Gate Card
expansion plans have jump-started with        together during Jafza’s Award
construction beginning on
                                                                                                                                               issuance                            6
                                              Ceremony and I am looking forward to             This year, we have also penetrated the
our 2.5 billion dirham world-class            showing my appreciation.                         US market for the first time ever, with the
PAGE 2




                                                                     tEchnOparK


duBai institutE OF tEchnOlOGy MOvEs ahEad rapidly
Signs Partnerships with Leading Global Institutions




  Artistic View of TechnoPark’s upcoming Research & Development Facility

The Dubai Institute of Technology (DIT),          commercialisation as well as supporting     necessary skilled manpower for meeting      efficient and economical and will also
Science and Technology arm of                     investment in technologies for              the market’s needs.                         develop a capable human resource bank
TechnoPark, will commence operations              entrepreneurs through incubation                                                        for the related industry in the country.
as soon as its dedicated Research and             and business acceleration projects          The DIT has signed an MoU early this
Development campus ‘Technopolis’,                 and platforms. Networking with              year with Fraunhofer-Gesellschaft,          With such comprehensive measures the
within the phase two development,                 regional and global scientific societies    the largest organisation for applied        DIT is determined to move ahead at
is ready.                                         and S&T observatories are part of           research in Europe, for assisting the       a fast pace to translate Dubai’s vision
                                                  the DIT strategy.                           DIT in the managerial and technological     to develop a knowledge-based
The DIT forms the core of TechnoPark                                                          development of all aspects related to       economy into reality.
and will function as the platform for the         Pursuant to its plan the DIT has signed a   the set-up and promotion of a market-
facilitation of Research and Development          number of important Memorandum of           oriented support system for science and     Located to the West of the Jebel Ali Free
in the core economic sectors of the               Understandings (MoUs) in the last 12        technology. Under this MoU Fraunhofer       Zone, the TechnoPark project is spread
region, namely water, energy and                  months, beginning with an MoU with          will provide consultancy and Services in    over an area of 21 square kilometres.
the environment. The DIT will aim to              Boston University College of Engineering,   the UAE on issues like R&D management,
integrate and channel resources                   signed in the first quarter of 2007. The    innovation management, optimised
into these sectors to create a sound              MoU mandated Boston University and          structures and programmes to enhance
basis for sustainable industrial                  the DIT to jointly embark on research       beneficial technology transfer
development in the nation.                        projects in the field of energy, water      programme activities.
                                                  and the environment, or any other
The DIT aims to develop the envisioned            related sector of mutual interest and       The DIT has also recently signed an MoU
Research and Development infrastructure           benefit. The Boston University College of   with the World Association of Industrial
with the support of renowned                      Engineering is renowned worldwide for       and Technological Research Organisation
scientists and research organisations             excellence in science and technology-       (WAITRO) for developing a structured
within the region and globally. It has            related education, research and training.   framework for close interaction and
adopted a very pragmatic approach in              Boston University is one of the top         initiatives with WAITRO member
building the infrastructure by focusing           graduate schools of engineering in the      organisations in a broad spectrum of
on the marketing needs and major                  United States of America.                   industry-oriented services and projects.
socioeconomic challenges the region                                                           In another MoU signed with Middle East
faces. As a result, the upcoming DIT              The DIT signed another MoU with Intel       Desalination Research Centre (MEDRC),
infrastructure will comprise subject              Corporation for cooperating with the DIT    Muscat, the DIT has mandated MEDRC to
specific centres of excellence, related           in establishing state-of-the-art            conduct, facilitate, promote, co-ordinate
research projects, and well-structured            Digital Cities for facilitating local       and support basic and applied research
platforms facilitating related trainings.         market leaders and scientists to develop    in water desalination. This will ensure
The institute plans to deliver innovation         new information and communication           further improvement in technologies
through technology transfer and                   technologies as well as developing          to make the desalination process more         Mr. Hamad Al Hashemi, MD, TechnoPark
PAGE 3




JaFZa intErnatiOnal tO dEvElOp usd 800 MilliOn spEcial
EcOnOMic ZOnE in sEnEGal
650 hectare Dakar SEZ to boost country’s Industry & Commerce and generate significant employment
                                                                                                                     Special Economic Zone       employment over the next 20 years. DISEZ
                                                                                                                     in Dakar in four phases     forms part of an even bigger integrated
                                                                                                                     of 150 hectares each.       project, with over 10,000 to include
                                                                                                                     The construction of the     tourism, residential and commercial
                                                                                                                     first phase is scheduled    initiatives to be developed by other Dubai
                                                                                                                     to begin in the second      World entities. Jafza International’s sister
                                                                                                                     half of 2008 and            company DP World, earlier in the year
                                                                                                                     the first operation is      signed a 25-year concession to develop
                                                                                                                     expected to commence        and operate Senegal’s main container
                                                                                                                     in 2010.                    port near Dakar. Premier custom solution
                                                                                                                                                 provider DC World, another Dubai World
                                                                                                                     Senegal’s strategic         company, has also signed an agreement
                                                                                                                     location at the             with the Customs Administration of
                                                                                                                     crossroads of the main      Senegal, to help develop management
                                                                                                                     shipping routes linking     systems for stock control and statistical
                                                                                                                     West Africa to North        data management.
                                                                                                                     and Southern Africa,
                                                                                                                     and Europe and North        The DISEZ will offer investors world-class
                                                                                                                     and South America, as       facilities, consisting of warehouses, LIUs,
                                                                                                                     well as its status as one   office units and serviced land, developed
                                                                                                                     of Africa’s most stable     and managed by Jafza International. This,
                                                                                                                     economies, makes it a       coupled with the excellent services
                                                                                                                     very important business     offered by a special economic zone
                                                                                                                     destination for Dubai       authority set up by the Government of
  HE Sultan Ahmed Bin Sulayem, Chairman, Dubai World presenting a memento to HE M. Abdoulaye Diop, Minister of
                                                                                                                     World and Economic          Senegal, will act as the one-stop-shop
  Economy and Finance after signing the contract                                                                     Zones World in the West     for all investment and trade facilitation
                                                                                                                     Africa region.              services. DISEZ’s close proximity to the
Jafza International, an Economic Zones          was signed by HE Sultan Ahmed Bin                                                                new Blaise Diagne International Airport,
World subsidiary, has signed a contract         Sulayem, Chairman, Dubai World, and HE            The Dakar Integrated Special Economic          new Dakar’s Deep Sea Port, the Dakar-
on December 15, 2007 with the Senegal           M. Abdoulaye Diop, Minister of Economy            Zone (DISEZ), will, on completion, host        Mali Railway and the Dakar-Diamniadio
Government to build and operate an              and Finance, Senegal, will see Jafza              1,000 companies, and will stimulate            highway provides state-of-the-art
Integrated Special Economic Zone in             International investing USD 800 million           industry, commerce and logistics services      multimodal connectivity to its companies.
Dakar in Senegal. The contract, which           for the development of a 650 hectare              in Senegal and generate significant




JaFZa intErnatiOnal strEnGthEns its prEsEncE in asia
paciFic rEGiOn
Signs MOU to develop Subic Bay Freeport in the Philippines
                                                                                                   Jafza International has recently (January      The strategic location of Subic Bay, the
                                                                                                   27, 2008) signed a Memorandum                  Philippine government’s progressive
                                                                                                   of Understanding with Subic Bay                trade and economic policies, and its
                                                                                                   Metropolitan Authority (SBMA) for the          Freeport status, not only give the project
                                                                                                   development and regeneration of Subic          a genuine edge as an investment area,
                                                                                                   Bay Freeport in the Philippines.               but also make it an ideal gateway to
                                                                                                                                                  Asian markets. The development, on
                                                                                                   The Subic Bay MoU pertains to Jafza            completion, will position Subic Bay
                                                                                                   International’s proposal for the phased        Freeport as an important port of call for
                                                                                                   lease and consolidation of four areas
                                                                                                                                                  commerce, industry and leisure
                                                                                                   within the Subic Bay Freeport to form an
                                                                                                                                                  in the region.
                                                                                                   adjacent industrial/logistics zone within
                                                                                                   the Freeport as well as the renewal &
                                                                                                                                                  Subic Bay is the former Asian Pacific base
                                                                                                   re-alignment of a prestigious residential
                                                                                                   and leisure area. The four areas under         of the United States Navy and has been
                                                                                                   deliberation are the industrial Techno         operated as a Freeport since the mid
                                                                                                   Park, Boton Wharf, Subic International         1990s. The Philippine government has
                                                                                                   Airport and the residential Cubi area. The     heavily supported the rapid expansion
                                                                                                   MoU, on implementation, will see Jafza         and development of Subic Bay and has
                                                                                                   International investing between USD 200        been instrumental in upgrading the local
  Mrs. Salma Hareb, CEO, Jafza and Economic Zones World, signing MoU with Mr. Armand Arreza,
                                                                                                   million and USD 250 million in the project     infrastructure (expressways, railways and
  Administrator and CEO, Subic Bay Metropolitan Authority
                                                                                                   over 3-5 years.                                Airport) in the area.
PAGE 4




                                                                    nEWs updatE


BaKEr huGhEs OpEns its nEW rEGiOnal cEntrE in tEchnOparK
Plans to serve the Middle East and entire Eastern Hemisphere from its regional base
                                                                                                                                             plant. More than 800 full-time
                                                                                                                                             employees will work at the site, and the
                                                                                                                                             education centre will have the capacity
                                                                                                                                             to train up to 300 Baker Hughes
                                                                                                                                             students simultaneously. The new Baker
                                                                                                                                             Hughes MEAP campus in Dubai aims
                                                                                                                                             to serve its customers in the Middle
                                                                                                                                             East and to develop a highly qualified,
                                                                                                                                             diverse employee base in the Eastern
                                                                                                                                             Hemisphere. The campus represents an
                                                                                                                                             investment of more than USD 80 million
                                                                                                                                             and provides a focal point for Baker
                                                                                                                                             Hughes’ growth in the region.

                                                                                                                                             Baker Hughes’ new Eastern Hemisphere
                                                                                                                                             Education Centre will enable the
                                                                                                                                             company to serve its Eastern
                                                                                                                                             Hemisphere customers better, by
                                                                                                                                             providing highly qualified employees to
                                                                                                                                             deliver services. Baker Hughes expects
                                                                                                                                             the Education Centre to be a means of
                                                                                                                                             accelerating the career development
                                                                                                                                             of its employees in the region.
                                                                                                                                             Baker Hughes benefited from the help
                                                                                                                                             and support of the Oilfield Services
                                                                                                                                             in establishing its new facility in
                                                                                                                                             TechnoPark.
  Mrs. Salma Hareb with Mr. Chad Deaton, Chairman and CEO, Baker Hughes and other senior Baker Hughes officials
                                                                                                                                             Baker Hughes is a leading provider
                                                                                                                                             of drilling, formation evaluation,
Baker Hughes Incorporated, US based,              in TechnoPark in Dubai.                         business in the Middle East and the        completion and production products
multinational oilfield supplies giant,            The new centre will be an important             Eastern Hemisphere, as well as an          and services to the worldwide oil and
recently opened its new Regional Centre           resource for Baker Hughes’ growing              operations building and a manufacturing    gas industry.




JaFZa suKuK Wins BEst suKuK OF thE yEar aWard
                                                                                                                       Jebel Ali Free Zone    who together made Jafza Sukuk
                                                                                                                       Sukuk has been         a success.
                                                                                                                       named “Best Sukuk
                                                                                                                       and UAE Deal of
                                                                                                                       the Year” at the       Jafza Sukuk was the largest AED rated
                                                                                                                       Islamic News           corporate Sukuk placed in international
                                                                                                                       Awards 2007            markets by Dubai International
                                                                                                                       function held in       Financial Exchange in November, 2007.
                                                                                                                       Dubai on Tuesday,
                                                                                                                       February 26, 2008.     The Islamic Finance News Awards are the
                                                                                                                                              leading awards for the Islamic finance
                                                                                                                       Jafza Sukuk was        industry worldwide. The awardees are
                                                                                                                       also chosen as the     chosen by their peers from one of the
                                                                                                                       “Best Sukuk of the     industry’s most comprehensive surveys.
                                                                                                                       Year” through a
                                                                                                                       poll conducted by
                                                                                                                                               ansWEr FOr sudOKu




                                                                                                                       Islamic Finance
                                                                                                                       News within the
                                                                                                                       Islamic Finance
                                                                                                                       Industry.

                                                                                                                       Mrs. Salma Hareb,
                                                                                                                       CEO of Jafza and
                                                                                                                       Economic Zones
                                                                                                                       World received
                                                                                                                       the Award, and
                                                                                                                       congratulated the
                                                                                                                       lead managers,
  Mrs. Salma Hareb receiving the “Best Sukuk of the Year” Award
                                                                                                                       legal advisers and
                                                                                                                       the entire team
PAGE 5




 russian dy. priME MinistEr dEsirEs clOsEr tiEs With russia and
 duBai WOrld EntitiEs
 Visits Jafza, DP World, Nakheel and other Dubai World establishments
                                                                                                                            Mr. Bin Thaniah         in the Emirate. I see many synergies
                                                                                                                            briefed HE Sergey       between the Russian and Dubai
                                                                                                                            Naryshkin on the        economy and would like to see much
                                                                                                                            evolution of the        larger cooperation between the two
                                                                                                                            Dubai World Group,      countries on the business front. He
                                                                                                                            its distinctive         added, “I would like to see more Russian
                                                                                                                            achievements            entrepreneurs investing in Dubai to tap
                                                                                                                            and development         the enormous business opportunities
                                                                                                                            plan in the field of    in the Middle East region. I also hope
                                                                                                                            ports, economic         that dynamic organisations like Dubai
                                                                                                                            zones, real estate,     World will invest in Russian development
                                                                                                                            tourism and leisure     projects and participate in
                                                                                                                            developments            our growth plans.”
                                                                                                                            worldwide.
                                                                                                                                                    Mr. Mikhail Mishustin, Head of Federal
                                                                                                                            HE Sergey               Agency for the Development of
                                                                                                                            Naryshkin later         Economic Zones in Russia made a brief
                                                                                                                            visited all major       presentation on tourism zones and
                                                                                                                            developments of         port-based free zones development
                                                                                                                            the Dubai World         plans in Russia.
                                                                                                                            Group including
                                                                                                                            the Jebel Ali Port      Mr. Mishustin in the course of his
                                                                                                                            and Free Zone, The      presentation, extended his invitation
                                                                                                                            Palm, The World         to the Dubai World Group to invest in
                                                                                                                            and other major         Russian economic zones and tourism
    Mr. Jamal Majid Bin Thaniah, Group CEO, Port and Free Zone World presenting a memento to HE Sergey Naryshkin,
                                                                                                                            developments in         projects. The visit of the high power
    Deputy Prime Minister of Russia
                                                                                                                            Dubai.                  delegation under the leadership of
 HE Sergey Naryshkin, Deputy Prime                 He was received by Mr. Jamal Majid Bin                                                           the Russian Deputy Prime Minister
 Minister of Russia, in his recent official        Thaniah, Group CEO, Port and Free Zone           Visibly impressed Mr. Naryshkin                 follows President Putin’s official visit
 trip to the UAE, visited Dubai World to           World and other senior Port, Economic            said, “I deeply admire the vision of            to the UAE last year and highlights the
 further strengthen ties between Russian           Zones World and Nakheel officials at the         Dubai’s leadership, the development             growing business relationship between
 entities and the Dubai World Group.               Dubai World headquarters.                        and the growth you have achieved                the two countries.




princE sultan visits JaFZa FacilitiEs
Looks forward to strengthening cooperation between Dubai World & Saudi Entities
                                                                                                                                                     The visit of the Prince follows the recent
                                                                                                                                                     signing of an MoU between Rakisa
                                                                                                                                                     Economic City and Jafza International
                                                                                                                                                     to develop and manage a 156 million
                                                                                                                                                     square metres economic city in Hail in
                                                                                                                                                     Saudi Arabia. Economic Zones World’s
                                                                                                                                                     sister organisation, DP World already has
                                                                                                                                                     a strong presence in Saudi Arabia where,
                                                                                                                                                     in collaboration with its local partner, it
                                                                                                                                                     manages South Container Terminal (SCT)
                                                                                                                                                     in Jeddah Islamic Port since 1999. SCT
                                                                                                                                                     was the first terminal in the Kingdom
                                                                                                                                                     of Saudi Arabia to exceed 1 million TEU
                                                                                                                                                     (twenty-foot equivalent container units)
                                                                                                                                                     in 2004.

                                                                                                                                                     Dubai and Saudi Arabia enjoy a long
                                                                                                                                                     tradition of friendship and cultural
                                                                                                                                                     and commercial cooperation. The visit
                                                                                                                                                     of HH the Prince further strengthens
                                                                                                                                                     this historic bond, said Mrs. Hareb
  His Highness Prince Sultan Bin Salman Bin Abdul Aziz Al Saud, Secretary General of the Supreme Commission for Tourism, Kingdom of Saudi Arabia,    commenting on the VIP visit.
  with Mrs. Salma Hareb and other senior Jafza and Economic Zones World officials

His Highness Prince Sultan Bin Salman             opportunities for greater commercial               Jafza senior officials apprised the Prince      The Prince expressed his deep
Bin Abdul Aziz Al Saud, Secretary                 cooperation between Economic Zones                                                                 appreciation of the impressive
                                                                                                     on various Economic Zones World
General of the Supreme Commission                 World entities and Saudi institutions. The                                                         achievements of Jafza and other
                                                                                                     projects including TechnoPark and some          Economic Zones World projects and
for Tourism, Kingdom of Saudi Arabia,             Prince was received by Mrs. Salma Hareb
visited Jafza on 29th January to see Jebel        and other senior Jafza and Economic                of the iconic projects coming up at the         hoped for greater cooperation between
Ali Free Zone’s facilities and explore            Zones World officials at the Free Zone.            Jebel Ali free Zone.                            Dubai World and Saudi entities.
PAGE 6




 philippinEs prEsidEnt visits JEBEl ali FrEE ZOnE and JEBEl ali pOrt tErMinals
 Seeks greater commercial cooperation between the two sides
                                                                                                                                                  synergy between Jebel Ali Port and the
                                                                                                                                                  Jebel Ali Free Zone and emphasised
                                                                                                                                                  the need to further strengthen trade
                                                                                                                                                  relations and commercial cooperation
                                                                                                                                                  between Philippines and DP World
                                                                                                                                                  and Jebel Ali Free Zone. In her speech
                                                                                                                                                  President Arroyo focused on the
                                                                                                                                                  changing face of Philippines economy
                                                                                                                                                  which is now more liberal and
                                                                                                                                                  business-friendly, its strategic location,
                                                                                                                                                  availability of quality manpower,
                                                                                                                                                  hospitable lifestyle and growing
                                                                                                                                                  business opportunities in the Asia
                                                                                                                                                  Pacific region, and sought Dubai World
                                                                                                                                                  participation in mutually beneficial
                                                                                                                                                  business ventures. The Philippines is a
                                                                                                                                                  mineral rich country, with mineral wealth
                                                                                                                                                  estimated to be worth more than
                                                                                                                                                  USD 1 trillion.

                                                                                                                                                  During President Arroyo’s official
                                                                                                                                                  visit, Jafza International signed a
                                                                                                                                                  Memorandum of Association with Subic
                                                                                                                                                  Bay Metropolitan Authority for the
                                                                                                                                                  development and regeneration of Subic
    (from left) Mr. Mohammad Sharaf, CEO, DP World, Her Excellency Gloria Macapagal Arroyo, President of Philippines, Mr. Jamal Majid Bin         Bay Freeport in the Philippines.
    Thaniah, Group CEO, Port & Free Zone World, and Mrs. Salma Hareb, CEO, Jafza and Economic Zones World
                                                                                                                                                  DP World is already involved in port
 The President of Philippines,                     the Philippines and the two entities.              Zones World and other senior Port           operations in the Philippines through
 Her Excellency Gloria Macapagal Arroyo            President Arroyo was received by Mr.               and Free Zone officials.                    Asian Terminals Incorporated (ATI),
 recently visited Jafza and Jebel Ali Port         Jamal Majid Bin Thaniah, Group CEO of                                                          which provides cargo handling and
 to see their facilities from close quarters       Port & Free Zone World, Mr. Mohammed               In her subsequent meeting with Port         logistics services to port terminals in
 and to explore opportunities for greater          Sharaf, CEO, DP World, Mrs. Salma                  and Free Zone officials, President Arroyo   the Philippines. DP World is a majority
 commercial cooperation between                    Hareb, CEO of Jafza and Economic                   expressed her deep appreciation for         stakeholder in ATI.




JaFZa tO FacilitatE E-GatE card issuancE; BrinGs E-dirhaM Facility tO EZW cliEnts
Initiatives to facilitate Jafza travellers’ quick immigration clearance and ease of doing business
                                                                             Department, who          pass through immigration by simply           Government Client Card, which are
                                                                             in association           swiping their cards and will not require     available in most banks present in the
                                                                             with the                 getting their passports stamped while        UAE, in addition to a large number
                                                                             Department of            exiting or entering the country,” said       of ATMs and Emirates Post Offices
                                                                             Civil Aviation           Fatma Salem, Executive Vice President,       throughout the country. The Fixed
                                                                             will prepare and         Operations, commenting on the latest         Value Cards are available in a number of
                                                                             issue E-Gate             Jafza customer service move.                 denominations ranging from AED 100
                                                                             cards to Jafza                                                        to AED 5,000. These cards cannot be
                                                                             tenants from its         “In another initiative, Dubai World has      recharged. The Government Client Card,
                                                                             Jafza Immigration        recently signed an agreement with            on the other hand, has a number of
                                                                                                      the Ministry of Finance and Industry,        features and is quite useful for business
                                                                             Service Centre
                                                                                                      under which the Ministry will provide        organisations. These cards are secured,
                                                                             on the spot,
                                                                                                      the E-Dirham facility to Economic Zones      personalised and rechargeable. In case
                                                                             after completion
                                                                                                                                                   of a theft or loss, these cards can be
                                                                             of necessary             World, DP World, Dubai Customs and
                                                                                                                                                   deactivated and the balance transferred
                                                                             formalities.             Nakheel for the collection of fees for
                                                                                                                                                   to new cards without any additional
                                                                                                      services they offer,” Fatma Salem said
                                                                                                                                                   expenses. Card holders can also obtain
                                                                           E-Gate Cards               revealing another facility which will be
                                                                                                                                                   an online statement via portal.
                                                                           enable their               available to Jafza companies soon.
                                                                           holders to                                                              Besides administrative services the
                                                                           use them for               “The E-Dirham facility can be availed        E-Dirham will facilitate Jafza clients
                                                                           immigration                by Jafza clients through the e-payment       to conduct commercial transactions
                                                                           clearance at all           system on the Dubai Trade Portal, www.       through electronic clearance of import,
                                                                           UAE International          dubaitrade.ae. The service is expected to    export and re-export related payments
   Ms. Fatma Salem, Executive Vice President, Operations, Jafza
                                                                           Airports. To apply         be available to Jafza companies and their    and substantially improve their supply
                                                                           for an E-Gate              employees in the near future and will        chain and logistics efficiencies.
Jafza plans to bring E-Gate card issuance                                                             be one of many payment modes Jafza is
                                                    Card, the applicant should either be a
facility under its single window services                                                             currently working on,” she further added.    “These initiatives once again reflect
                                                    UAE citizen or an expatriate holding a
at the Free Zone shortly. Under this                valid residence visa.                                                                          our commitment to provide our
initiative Jafza will join hands with the                                                             The E-Dirham offers two kinds of             clients with best-in-the-range facilities,”
Dubai Naturalisation and Residency                  “The E-Gate Card allows travellers to             cards: the Fixed Value Card and the          Fatma Salem asserts.
PAGE 7




                                                                     cOMpany nEWs

 qatar stEEl GOEs FOr MassivE capacity ExpansiOn in its JaFZa plant
 Seeks to serve rapidly growing steel demand in the UAE and the region




   Qatar Steel Company FZE in Jebel Ali Free Zone


 Qatar Steel Company FZE, a fully owned             of the Middle East region’s total steel        is, therefore, of critical importance, both      Industrial City, 45 kilometres south of
 subsidiary of Doha-based Qatar Steel,              demand,” the report says. Currently, the       as tonnage and pricing points, to all            Doha to produce high quality reinforced
 is setting up a new high-tech bar mill at          UAE imports about 6 million MT of steel        participants engaged in these two steel          steel bars and billets. Today its state-
 its Jebel Ali Free Zone facility. The new          per annum, of which, approximately two         trade corridors.                                 of-the-art production facility includes a
                                                                                                                                                    Midrex process based DRI/HBI Combo
 steel mill, on completion, will increase           thirds is the reinforced bar. Qatar Steel
                                                                                                                                                    Mega Module, Electric Arc Furnaces with
 Qatar Steel FZE’s reinforced steel (rebar)         expects a large chunk of its additional        Qatar Steel Company FZE is a subsidiary
                                                                                                                                                    a Ladle Refining Furnace, a continuous
 production capability by about 600%.               production to be consumed in the               of the Qatar Government owned Qatar
                                                                                                                                                    Casting plant and Rolling Mills with the
 From its existing 50,000 MT per annum              local market.                                  Steel Company QSC, which is the                  latest automated features.
 capacity to 300,000 MT.                                                                           Arabian Gulf region’s first and one of the
                                                    Qatar Steel Company FZE was                    largest integrated steel manufacturing           Through its Jafza subsidiary, Qatar
 The construction industry is one of the            established in the Jebel Ali Free              plants. The state owned Qatar Steel              Steel plans to serve the UAE and other
 largest consumers of steel and steel               Zone in August 2003, as high-class             was established in 1974 in Mesaieed              markets in the Middle East region.
 products in the world. With more than              manufacturers of wire-rods to meet the
 USD 1 trillion worth of construction               rapidly growing construction industry
 projects in the pipe line, the Middle              driven demand for high-quality steel
 East is, at present, one of the largest            wire-rod products in the UAE and other
 steel consumer markets. “Through this              Middle East countries. Qatar Steel
 capacity expansion we are seeking                  Company started operations from its
 to serve the rapidly growing demand                60,000 square metre manufacturing
 for reinforced steel in the region                 base in Jafza comprising an 180,000
 indigenously,” said Mahesh Pancholia,              MT capacity wire-rod mill and a 50,000
 General Manager, Qatar Steel Company               MT capacity rebar mill. Qatar Steel FZE
 FZE commenting on Qatar Steel’s recent             expanded wire-rod mill’s production
 initiative to augment its reinforced steel         capacity by 40% to 250,000 MT shortly
 production capacity. “This marks the               after its commencement of operation in
 beginning of our long-term growth plan             Jafza in 2003.
 in the UAE,” he added.
                                                    Being located at the crossroads of
 According to a recent study conducted              steel’s two dominant trade corridors,
 by Gulf Investment Corporation, the                one starting from China heading west
 demand for steel in the Middle East is             past India and Dubai to Europe and the
 expected to increase by about 30% in               other from the Black Sea heading east
 the next three years to reach around 90            past Dubai and India to Asia, Dubai is
 million tonnes in 2010, from 70 million            the world’s major transshipment hub for          HE Sheikh Nasser Bin Hamad Al Thani, Chairman, Qatar Steel being presented with UK Cares
 tonnes in 2007. “The GCC region, led               steel. Jebel Ali is the single largest steel     accreditation for Qatar Steel Company FZE - Dubai by Mr. Ben Bowsher, Executive Director, UK
                                                                                                     Cares, a few months ago
 by the UAE, accounts for almost half               importer along this trade corridor and
PAGE 8




                                                              cOMpany nEWs

cOnsuMEr ElEctrOnics MarKEt in MEa                                                        MEEt us at thE FOllOWinG EvEnts
rEGiOn tO rEMain BuOyant in 2008                                                                               EvEnt                     vEnuE - city - cOuntry           datE

BenQ pursues aggressive growth plan to enhance its market                                  Hong Kong Seminar                           Hong Kong                      3 March, 2008
share in the year
                                                                                           ME Business Forum + Face-to-Face Meeting    Tokyo - Japan                 5 - 8 March, 2008


                                                                                           Jafza Consultant Seminar                    Dubai - UAE                    18 March, 2008


                                                                                           Golf Day                                    Dubai - UAE                    16 March, 2008


                                                                                           Saudi Arabia International Trade Fair       Saudi Arabia                 23 - 26 March, 2008


                                                                                           Italy Seminar                               Italy                        17 - 19 March, 2008


                                                                                           Building Futures Gulf by BATIMAT            Abu Dhabi - UAE              20 - 23 April, 2008


                                                                                           Mosbuild Building & Interiors Show          Moscow - Russia               1 - 4 April, 2008


                                                                                           Jafza Seminar / Road Shows in Spain         Barcelona/Madrid/Valencia    14 - 17 April, 2008


                                                                                           Automation Egypt & Cairo Road Show          Egypt - Cairo                 8 - 13 April, 2008


  BenQ Global Headquarters                                                                 21st Intl. Exhibition on Plastic & Rubber
                                                                                           Industries ChinaPlas                        China - Shanghai             17 - 20 April, 2008
Jafza-based BenQ Middle East FZE, a          BenQ offers an extensive range of
fully-owned subsidiary of Taiwanese          products and integrated technologies          Dubai Career Fair                           Dubai - UAE                  20 - 23 April, 2008
electronics major BenQ, a leading            across platforms, through the brand
provider of networked digital lifestyle      promise of “Bringing Enjoyment and            Jafza Road Shows / Seminar                  Istanbul - Turkey              2 - 5 May, 2008

devices, expects to see over 25% growth      Quality to Life”. Its range of products
                                             include Digital Projectors, LCD Monitors,     Customer Networking Gathering               Dubai                           14 May, 2008
in its revenue and profits in 2008, which
will match the expected market growth        LCD TVs, Digital Cameras, Laptop PCs,
                                             storage devices, media and human              National Manufacturing Week + Seminar       Sydney - Australia            27 - 31 May, 2008
in the Middle East and African region,
this year.                                   interface devices such as the Mouse and
                                             Keyboards.
The Middle East and African markets,         BenQ Middle East FZE caters to markets
according to industry analysts, are          in the GCC, Iran, North Africa and
expected to grow by 30% in 2008.             the CIS. BenQ is a market leader in
The market growth in the region is           the region, ranking number 3 in LCD         natiOnal BanK OF FuJairah OpEns nEW
expected to be driven by LCD TVs,            Monitors, Number 2 in Projectors,
Digital Cameras, DVD recorders               number 4 in LCD TVs.
                                                                                         Branch in JaFZa
and MP3 players.                                                                         Seeks to service its Jafza and new Dubai clients from the new facility
                                             BenQ is going to shortly introduce two
“We expect to increase our market            Joybook Q 41 Notebooks that have a
share of LCD Monitors by 25%, LCD            unique dual display design. The Joybook
TVs by 100%, Projectors by 10% and           Q 41 is the first to offer VOIP function
Digital Cameras by 25%, maintaining          directly from the auxiliary display
                                             allowing users to dial directly from the
the dynamic pace of our growth this
                                             auxiliary display. The other new BenQ
year,” said Manish Bakshi, General
                                             products to be introduced soon are
Manager, BenQ Middle East and Africa,
                                             split-screen projectors, super slim
commenting on BenQ’s 2008 growth
                                             cameras, 46” and 56” LCD TVs and
projections. BenQ, in 2007, had a
                                             X-series LCD monitors.
market share of 16% in LCD Monitors,
14% in Projectors and 7% in LCD TVs.

BenQ expects to double its revenue to
reach AED 750 million in the next two
years. It has already achieved about AED
350 million in 2007. BenQ has been                                                         HE Easa Saleh Al Gurg, Deputy Chairman, National Bank of Fujairah, inaugurating new National
consistently posting a growth between                                                      Bank of Fujairah Branch in Jebel Ali Free Zone
20% and 25% since its inception in 2001.
                                                                                         The National Bank of Fujairah (NBF) has               zone and port but is also a gateway to
“Our impressive growth over the years                                                    recently opened its new branch in Jebel               the ‘New’ Dubai. Our latest facility here
is the result of integration of quality,                                                 Ali Free Zone. The opening of the Jafza               will enable us to consolidate our market
excellent aesthetics, excellent service,                                                 branch is part of its business strategy               position in corporate banking services
competitive prices and an extensive                                                      to upgrade and enhance its market                     whilst also capitalising on the enormous
product range across all our markets                                                     presence throughout the UAE.                          potential for retail banking, that will
in the region,” said Manish Bakshi. “By                                                                                                        become prevalent throughout the new
capitalising on Jafza’s strategic location                                               The NBF Jafza branch was officially                   mixed-use communities,” said Al Gurg in
and the Port’s excellent facilities we                                                   opened by HE Easa Saleh Al Gurg, Deputy               his inaugural address.
have been able to efficiently serve all                                                  Chairman and the Chairman of the
our markets in the GCC, Africa and CIS         Mr. Manish Bakshi, General Manager,       Executive Committee, NBF on January 26,               The new Jafza branch is NBF’s 11th
markets,” he added.                            BenQ Middle East and Africa               2008. “Jebel Ali is in a strategic location,          branch in the UAE, with another four
                                                                                         not only close to the region’s largest free           planned by the end of 2008.
PAGE 9




                                                                        cOMpany nEWs


 cavOtEc MiddlE East OpEns its nEW rEGiOnal hEadquartErs
 Seeks to serve Middle East markets more efficiently from its expanded base
                                                                                                                                                            plans to serve the entire Middle
                                                                                                                                                            East market from its new regional
                                                                                                                                                            headquarters. Cavotec Middle East
                                                                                                                                                            recently completed installation and
                                                                                                                                                            commissioning of specially designed
                                                                                                                                                            pop-up pits for Dubai International
                                                                                                                                                            Airport, and is currently also
                                                                                                                                                            active in Oman, where it supplied
                                                                                                                                                            automated mooring units to the Port
                                                                                                                                                            of Salalah.

                                                                                                                                                            Cavotec is a multi-national group
                                                                                                                                                            of companies serving mining and
                                                                                                                                                            tunnelling, ports and maritime,
                                                                                                                                                            steel and aluminium, energy and
                                                                                                                                                            offshore, airports, automation
                                                                                                                                                            and general industries. From the
                                                                                                                                                            producers of motorised cable reels
                                                                                                                                                            primarily for manufacturers of tower
                                                                                                                                                            cranes, harbour cranes and mining
                                                                                                                                                            equipment, Cavotec has emerged as
                                                                                                                                                            market leader in connecting mobile
                                                                                                                                                            equipment around the world in many
                                                                                                                                                            diverse applications.

                                                                                                                                                             The Cavotec Group consists of
                                                                                                                                                             7 manufacturing “Centres of
                                                                                                                                                             Excellence” located in Canada,
    Mr. Ibrahim Al Janahi, Senior Vice President - Commercial Sales, Jafza with HE Sultan Bin Saeed Al Mansouri, Minister of State for Foreign Affairs
                                                                                                                                                             France, Germany, Italy, New Zealand,
    and Mr. Thomas Widegren of Cavotec
                                                                                                                                                             Norway and Sweden and 5 local
 Cavotec Middle East FZE, a fully-owned              The new AED 10 million Cavotec                      in 1995 in Jafza. It has seen a                     manufacturing units located in
 subsidiary of Cavotec Group, a global               headquarters covers an                              remarkable growth in its operations ever        Australia, China, Germany and the
 leader in supplying power solutions                 area of 7200 square metres and                      since it won several major contracts in         United States. For the distribution
 to a range of industries including                  comprises offices, warehouses,                      the region necessitating the present            of products and providing support
 aviation, oil & gas, mining and ports,              manufacturing and assembly areas, as                expansion, which is four times bigger.          to customers, Cavotec has 27 sales
 has formally opened its new regional                well as training facilities.                        Cavotec has recently opened two new             companies which, together with a
 headquarters on 31 January, 2008 in                                                                     offices in Abu Dhabi and Doha and               network of distributors, serve more than
 Jebel Ali Free Zone.                                Cavotec Middle East FZE was established             plans a Saudi branch this year. Cavotec         30 countries in five continents.




BanK OF BarOda OpEns its First ElEctrOnic BanKinG sErvicE unit in JaFZa
Aims to further facilitate its clients with more electronic facilities

                                                                                                                            Ali Free Zone.                an ATM. Bank of Baroda has a total of six
                                                                                                                            The new Bank                  branches in the UAE.
                                                                                                                            of Baroda unit
                                                                                                                            was inaugurated               In a recent expansion drive, Bank of
                                                                                                                            by Dr. Anil K.                Baroda announced a special financing
                                                                                                                            Khandelwal, Chief             service for small and medium
                                                                                                                            Managing Director             enterprises (SME) in the UAE along
                                                                                                                            of the Bank, in               with a dedicated service for meeting
                                                                                                                            the presence of               financing requirements of relatively
                                                                                                                            Mrs. Salma Hareb,             larger firms. Under its SME scheme
                                                                                                                            CEO, Jafza and
                                                                                                                                                          called ‘SME Loan Factory’, the bank
                                                                                                                            Economic Zones
                                                                                                                                                          plans to offer customised products for
                                                                                                                            World and HE
                                                                                                                                                          varied requirements of business units
                                                                                                                            Venu Rajamony,
                                                                                                                                                          having an annual turnover up to AED
                                                                                                                            Consul General
                                                                                                                            of India. Through             75 million and a total working capital
                                                                                                                            this dedicated                requirement of up to AED 15 million.
                                                                                                                            unit, Bank of                 Under its scheme for larger firms called
                                                                                                                            Baroda aims                   ‘Syndication Centre’, the Bank will
                                                                                                                            to facilitate its             finance the needs of larger firms by
                                                                                                                            clients in Jafza              arranging and underwriting syndicated
  Mrs. Salma Hareb with HE Venu Rajamony, Consul General of India, and Dr. Anil K. Khandelwal, CMD, Bank of Baroda
                                                                                                                            with additional               loans, buyer’s and supplier’s credit and
Bank of Baroda, the only Indian Bank to         in the UAE, has recently opened its                                         electronic services           arranging for bond issues and providing
have commercial banking operations              first Electronic Banking Unit in Jebel               including an Electronic Enquiry Kiosk and            merger and acquisition finance.
PAGE 10




                                                               cOMpany nEWs


transWOrld FZE pOsts rEcOrd GrOWth in last tWO yEars
Unveils new mega facility to meet market growth
Transworld FZE, the warehousing and           main business activities comprise ship
logistics arm of Transworld Group,            owning, feeder operations, shipping
has seen huge growth in its logistics         agencies, ship management, freight
operations in the last two years that         forwarding, NVOCC operations and now
eventually led to a massive expansion         logistics and supply chain management.
unveiled recently.
                                              Transworld FZE was established in
With this expansion, the warehousing          2005 in Jafza as forward integration
and storage capacity of Transworld FZE        of Transworld Group’s multifarious
has increased three times from over           shipping and transportation businesses.
8,000 pallet capacity in 2005 to about        Transworld FZE started its operations
24,000 today.                                 from its 8,000 square metre Logistics
                                              Park comprising a state-of-the-art
“Transworld FZE’s record growth in the        warehouse having a multi-tier racking
last two years can easily be attributed       system and 13 loading/unloading bays
to the economic boom in the region,           with hydraulic dock levers, a separate
growing trade between Europe and              temperature-controlled storage capable
Asia, strategic location and outstanding      of holding up to 800 pallets and large        Mr. and Mrs. Ramakrishnan with Mrs. Salma Hareb, CEO, Jafza & Economic Zones World,
facilities of Jebel Ali Free Zone and         staging area for special cargo handling.      Mr. Mohammed Al Muallem, Managing Director, DP World-UAE and Ms. Fatma Salem,
                                                                                            Executive Vice President, Operations, Jafza at their new expanded facility
Transworld’s service driven integrated
supply chain solutions ranging from third     The present expansion has doubled           The expanded warehouse also includes            warehousing solutions resulting into
party logistics, warehousing, distribution,   Transworld’s logistics park area to         22 loading and unloading bays with              greater efficiency and cost effectiveness.
value addition to overall supply chain        16,000 square metres capable of             hydraulic dock levelers and large staging       Transworld’s consultancy and solution
design and reengineering focused,             accommodating 24,000 pallets and a          areas for special cargo handling.               design teams offer a wide portfolio of
enabling its clients long-term competitive    temperature-controlled 500 square metre     The Logistics Centre also has 2,000-            expertise and services which includes
advantage,” said S. Ramakrishnan,             storage centre, able to accommodate         square metre covered Dutch barn and             transportation network analysis and
Chairman, Transworld Group of                 1450 pallets. Equipped with web based       4500 square metre open yard storage.            design, overall supply chain design
Companies, commenting on Transworld’s         Exactus Warehouse Management System,                                                        and re-engineering, distribution
logistics operations.                         which deploys handheld scanners and         Offering faster cargo turnaround                network analysis, warehouse design,
                                              RFID technology to support intelligent      and enhanced accuracy in data and               production and demand planning,
Transworld Group, with an annual              operations, the logistics park has an       inventory management, the new logistics         carrier procurement selection,
turnover of over USD 750 million, is one      overall capacity of over 1620 teu (40,500   centre is also utilising bar coding and         negotiations, contract management,
of the region’s leading shipping and          cubic metres) and a 10.8 metre-high         radio frequency identification (RFID)           inventory modelling, simulation and
transportation solution providers. Its        double deep racking system.                 technologies that promote flexible              procedures review.




  Transworld Headquarters in Jafza
PAGE 11




                                                              lOGistics

 dp WOrld - uaE pOsts 19% GrOWth in 2007
 Handles 11m TEUs during the year                                                        aGility Expands its OpEratiOns intO thE
                                                                                         Kurdistan rEGiOn
                                                                                         Through this move we aim to serve the Iraq market more
                                                                                         efficiently, says Elias Monem
                                                                                         Agility, the region’s leading global
                                                                                         logistics provider, has further expanded
                                                                                         its presence in the region with a joint
                                                                                         partnership that opens up its operations
                                                                                         in the Kurdistan region of Iraq.

                                                                                         Agility Kurdistan Limited will capitalise
                                                                                         on the vast opportunities presented in
                                                                                         the Kurdish region’s developing market
                                                                                         while solidifying and strengthening
                                                                                         Agility’s role in Iraq as a whole.

                                                                                         Agility shares close ties with the
                                                                                         Government of the Kurdistan region and
                                                                                         Elias Monem, Agility CEO, Middle East
                                                                                         and Africa, believes this new venture will
                                                                                         also support the development of this
   Jebel Ali Port                                                                        part of Iraq. “Agility Kurdistan Limited       Elias Monem,
                                                                                         will be able to play a positive role in        CEO, Agility-Middle East & Africa
 DP World’s UAE region has recorded         World’s UAE region are an integral part      the progression and development of
 19 percent growth in its throughput        of Dubai’s overall vision.                   the region,” he said. “We have strong        business figures. The newly
 with the handling of 11 million TEUs                                                    support from the Kurdish government          formed entity will be investing in the
 (twenty-foot equivalent container units)   DP World - UAE was recently awarded          and we are also working closely with         construction of warehousing facilities
 at its marine terminals during 2007, as    a “Recognition for Excellence”               non-governmental organisations and           in order to provide storage,
 compared to 2006.                          5-star rating by EFQM, the European          will be instrumental in aiding and           transportation, freight forwarding,
                                            Foundation for Quality Management,           assisting the expansion of the area’s        customs clearance and associated
 Commenting on the impressive               a prominent international body               infrastructure,” he added.                   services to its customers. It will also be
 growth, Mohammed Al Muallem, Senior        that assesses the performance of                                                          exploring real estate activities.
 Vice President and Managing Director,      companies and their commitment to            Besides supporting the development
 DP World - UAE, said, “Our growth in       quality standards.                           of the Kurdish supply chain network,         Agility Kurdistan Limited gives us the
 2007 was due to a number of factors,                                                    Monem is confident that the new              opportunity to reinforce our presence in
 the most prominent of which was            To further facilitate its clients, DP        organisation’s operations will have          Iraq with a new foothold in the North,
 the dynamic growth in the regional         World-UAE has recently moved its             other positive effects for the country.      where there is a huge potential for
 markets and consequent increase in         general and non-containerised cargo          “We anticipate that our presence in the      business growth,” said Monem. “We
 trade activity and corresponding           handling operations at Port Rashid in        region will encourage more foreign           are very excited about the opportunity
 cargo movement.                            central Dubai to Jebel Ali Port. Most        direct investment and will help boost the    to diversify our customer base and
                                            of the containerised cargo handled at        Kurdish economy and also benefit the         strengthen our brand name in Iraq,”
 “We have seen continued rapid              Port Rashid had already moved to Jebel       whole of Iraq,” he said.                     he added.
 growth in volumes at Jebel Ali since       Ali Port in the third quarter of last year
 we first established the facility,” he     after the opening of the new container       The joint venture partnership for Agility    Agility is a leading global logistics
 said. “Our determination to meet our       terminal at the Jebel Ali Port. Some         Kurdistan is formed by Agility and           provider with more than 29,000
 customers’ expanding needs has             container handling capacity will remain      Kurdistan Capital Investment, along          employees, and over 550 offices in 100
 driven us to continuously upgrade our      at Port Rashid and cruise ships and          with two other well-established regional     countries around the world.
 infrastructure, increasing the             ferries will continue to use Port Rashid
 capacity of the terminal yards             as they do currently.
 and supplying them with modern
 machinery to efficiently handle our
 customers’ cargo.”

 “The opening of the new container
 terminal (T-2) at DP World Jebel Ali in
 August last year has contributed to a
 substantial increase in our handling
 capacity. The terminal is able to
 provide the regular, efficient services
 required by the new generation mega-
 sized vessels, and this is a competitive
 differentiator for our flagship
 terminal,” he added.

 Jebel Ali Port has seen more than 25%
 growth in its throughput this year.

 Mr. Al Muallem said that the ambition        Mr. Mohammed Al Muallem, Senior Vice
 to expand and determination to               President and Managing Director, DP
 provide quality services that drive DP       World-UAE                                    One of Agility’s facilities
PAGE 12




EZW BEach GathErinG




Economic Zones World organised a          saw employees being rewarded for
fun and frolic ‘Family Gathering’ for     their outstanding performance under
employees by the Beach side recently at   ‘Best Team’, ‘Best Project’, ‘Best Cost
Habtoor Grand Resort & Spa.               Cutting Initiative’, ‘Best Revenue
                                          Generating Project’, ‘Best Employee
The games and fun-filled all day          in Operations, Sales, Marketing and
‘Get-together’ was organised in two       Property Development Department from
Arabic style tents, allowing newcomers    Customer’s Perspective’ and
to feel and live the Economic Zones       ‘The Best Smile Award’ from the
World’s easy work culture.                Operation’s Department.

The ‘Get-together’ included an            The Gathering had a dedicated section
‘Awards & Recognition’ event which        for children.




                                                                                    To receive a copy of ‘The Zone’ email request to: thezone@jafza.ae

								
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