Bangladesh

Southwest Prepares To Have 17 Economic Zones

The government is establishing 17 economic zones in southwestern districts to bring about an industrial revolution as part of efforts to accelerate economic growth of the country. Bangladesh Economic Zones Authority (BEZA) is pleased to have long-awaited road connectivity between Dhaka and the southwest region on June 25 following the inauguration of the Padma Bridge. Learn more.

India

SEZs to be turned into mfg hubs for domestic markets

India plans to fundamentally reorient its Special Economic Zones (SEZs)—one-stop vehicles to increase foreign investment and exports— into industrial hubs that will focus on boosting manufacturing for the domestic market rather than only selling abroad. Learn more.

Philippines

Peza: PH needs more special ecozones

The Philippine Economic Zone Authority (Peza) wants the new administration to develop more special economic zones (SEZ) to spur job generation and assist in economic recovery as the country navigates its way out of the pandemic. Learn more.

Uzbekistan

Uzbekistan Has Taken Measures To Improve The Efficiency Of Special Economic Zones

Decree of the President of the Republic of Uzbekistan "On additional measures to improve the efficiency of special economic, small industrial, youth industrial and entrepreneurial zones" No. УП-153 dated June 13, 2022 (the "Decree No. УП-153) establishes the procedure according to which from July 1, 2022. Learn more.

Venezuela

Parliament Passes 'Special Economic Zones' Law In Bid To Court Foreign Investment

The Venezuelan National Assembly approved legislation establishing“Special Economic Zones” (SEZ) in the Caribbean country. The 35-article bill is the latest effort by the Maduro administration to attract foreign investment to drive economic recovery as the country remains targeted by wide-reaching US sanctions. Learn more.

The power of SEZs

The SEZs, surrounding areas and communities can become models for learning lessons and replicating success. Firstly, within the greater aim of industrialisation in general, we must aim specifically for skill orientation. And secondly, we exploit the SEZs to build empowered communities. Learn more.

Five Takeaways from the AICE2022

Coming off the heels of the recent World Free Zones Organization (WFZO) Annual International Conference and Exhibition (AICE), here are five key observations about global zones trends and the positioning of the U.S. program..Learn more.

Dubai free zone DMCC continues good run with 1,400 new companies in H1-2022

The Dubai free zone DMCC reported its best ever performance in the first-half of 2022, registering 1,469 new companies. This represents a 19 per cent increase over the same period last year. In June alone, DMCC had 323 new businesses sign up - the best monthly performance since its inception. Learn more.

Zarqa Free Zone Jordan sees rise in electric vehicle clearances

President of the Jordan Free Zone Investor Commission (JFZIC) Mohammad Bustanji on Sunday announced the customs clearance of 24,000 vehicles during the first half of 2022 at the Zarqa Free Zone, compared with the same period in 2021. A “clear growth” in the customs clearance of electric vehicles is evident, compared to the decline in the clearance of gasoline, diesel and hybrid vehicles. Learn more.