BREAKING NEWS From World FZO!

We are excited to share a significant update regarding the upcoming Annual International Conference and Exhibition (AICE) 2024. After thorough consideration, we have decided to relocate the venue of our 10th Annual International Conference and Exhibition (AICE) 2024 from Bari, Italy to Dubai, UAE.The event will now take place in Dubai from 23 – 25 September 2024 under the new name World FZO 10th World Congress. Read more.

Bangladesh

Bangladesh PM Sheikh Hasina Invites British Investors to Establish Special Economic Zone

In an unprecedented move aimed at fostering strong economic ties between the UK and Bangladesh, Prime Minister Sheikh Hasina has extended an invitation to British investors to establish a special economic zone in Bangladesh. As part of the meeting, the Prime Minister emphasized the criticality of foreign direct investment (FDI) to Bangladesh’s economic growth.  Read More.

Egypt

Prime Minister orders more public free zones in new cities

Prime Minister Mostafa Madbouly met with Hossam Heiba, the CEO of the General Authority for Investment and Free Zones (GAFI), to review several files related to the authority’s work and efforts to boost investment. During the meeting, the Prime Minister instructed the organization of a meeting with the Minister of Housing, Utilities, and Urban Communities and the GAFI CEO. Read More.

Ethiopia

Ethiopia Construction Industry Report 2023: China's Investment in Ethiopia's Economic Zones Gains Momentum

The 'Addis Tomorrow Special Economic Zone' project will include the construction of an international economic and commercial zone, a financial and business zone, an educational and cultural zone, and a housing zone. The GSEZA signed a memorandum of understanding with the Chinese construction engineering company China Civil Engineering Construction Corporation for joint development of the Ethiopian special economic zone.  Read More.

Nigeria

Nigeria’s Special Economic Zones Create 35,000 Jobs

Nabil Saleh, the chairman of the Nigeria Economic Zones Association, disclosed this at the association’s annual general meeting yesterday (Wednesday) in Lagos. He also noted that Nigeria’s Special Economic Zones have attracted over $66bn in Foreign Direct Investments and N620bn in Domestic Direct Investments. Read More.

Vietnam

Investments in HCMC industrial, export processing zones rise to record high

Investments in HCMC’s export processing zones and industrial zones were worth US$1.012 billion last year, the highest in the last 30 years. Since the establishment of the first industrial zone over 30 years ago, they have been attracting $480-500 million a year with the exception of 2011, when $1 billion flowed into them. Last year’s $1.012 billion, which went into both new and existing businesses, marked an 84% increase from 2022. Read More.

Davos 2024: Here’s the impact on-ground across AI, climate, growth and global security

Davos 2024, the recently concluded Annual Meeting of the World Economic Forum in Switzerland, cut across four ambitious themes dominating today’s global landscape: Achieving Security and Cooperation in a Fractured World, Creating Growth and Jobs for a New Era, Artificial Intelligence as a Driving Force for the Economy and Society and A Long-Term Strategy for Climate, Nature and Energy. Read More.

From Davos To Dominance: How AI Is Rewriting Our Planet and Business

As I stepped into the promenade of Davos and bustling halls of the World Economic Forum, a critical question echoed in every discussion: In the journey of AI towards shaping our future, will it emerge as a beacon of progress or a harbinger of existential peril? Davos 2024 brought together some of the brightest minds in business, technology, and policymaking, shaping the future of humanity. Read More.

Klaipeda free economic zone: shining bright on the investment map

The free zone witnessed nearly 5,000 new company registrations in 2023, with a significant portion coming from small and medium enterprises (SMEs) in various sectors such as IT, digital, consultancies, marketing, freelancers, industry, storage, and business process outsourcing (BPO).  Read More.

UAE: Sharjah Publishing City Free Zone introduces first ‘Instant Licence’

Sharjah Publishing City Free Zone (SPC Free Zone) has unveiled its latest offering — the “Instant Licence Service”. This comprehensive instant business licence has been developed to redefine the process of establishing businesses in Sharjah, offering a swift and cost-effective solution for business owners. Read More.