China’s state council has agreed to set up pilot zones for cross-border e-commerce in 33 cities and areas, as per a letter sent to provincial governments and the ministry
of commerce by the state council. Read more.
Ethiopian Investment Commission (EIC) announced that Ethiopia was working towards establishing special economic zones with a view to improving international trade connectivity
and attracting foreign direct investment. Read more.
Trade and Investment Minister Richard Maru says the department has so far identified 18 potential economic zones in the country. It is now waiting for funding from the Treasury
ministry. Read more.
The board of the Philippine Economic Zone Authority (PEZA) has approved 13 projects with a total capital investment of over P9.6 billion. A PEZA officer-in-charge said
the PEZA board approved during its meeting two ecozone developer projects worth P2.63 billion, and 11 ecozone locator projects worth P5.97 billion. Read more.
The DP world is set to launch the Berbera Economic Zone in Somaliland to create an integrated maritime, logistics, and industrial platform to serve the Horn of Africa and
Ethiopian markets. This follows its huge investment of over $442 million in expanding the Port of Berbera. Read more.
Dubai Integrated Economic Zones Authority (DIEZ) announced a significant 42 per cent growth in revenues for the first six months of 2022 compared to the same period last year.
DIEZ saw operating profit increase by 17 per cent compared to the results of the same period last year. Read more.
The Abu Dhabi Department of Economic Development (Added) has digitally linked four free zones in an attempt to create a unified database for economic licences in the emirate.
The e-link project connects the Abu Dhabi Airports Free Zone, media free zone twofour54, the Masdar City Free Zone and the Kezad Group, which consists of 12 economic zones.
Read more.
Dubai-owned ports giant DP World will manage a logistics-focused free economic zone in Uzbekistan’s southeastern Navoi province, Uzbek President Shavkat Mirziyoyev’s office
said late on Friday. Another UAE company, Terminals Holding, will manage the cargo terminal of the Navoi international airport, Mirziyoyev’s office said in a statement. Read more.
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