Eleven companies including M/s Nova Intima have signed agreements with BEPZA to establish industries in BEPZA EZ with an investment of $243.71 million in total, according
to a Bepza release. M/s Nova Intima Limited, a Hong Kong-British Virgin Island owned ladies undergarments manufacturing company, will invest $28 million in BEPZA Economic
Zone (BEPZA EZ). Read more.
Recently the Hunan Provincial People's Government issued several measures on further promoting reform and innovation of the China (Hunan) Pilot Free Trade Zone. The move aims
to advance innovative development of trade and investment, accelerate the construction of opening-up channels, and stimulate the vitality of reform and innovation. Read more.
As announced by the secretary of Iran’s Free Zones High Council, 360 trillion rials (about $1.285 billion) of investment has been made in the country’s free trade zones in
the past Iranian calendar year 1400 (ended on March 20). He said 2,500 industrial units are currently active in the free zones of the country. Read more.
The Israeli government decided on Sunday to advance the establishment of a joint industrial park with Jordan located on the border between the two neighbors. The project,
named Jordan Gateway which also qualifies the park as a free trade zone, "will allow Israeli and Jordanian entrepreneurs and businesspeople to communicate directly," Israeli
Prime Minister said. Read more.
The Nigeria Export Processing Zones Authority (NEPZA) has expressed satisfaction with President Muhammadu Buhari’s move to ensure that the country’s Free Trade Zones (FTZs)
operate in line with global standards. Read more.
Government is in the process of amending the Free Zones Act 2014 to introduce a 50/50 balance between production for export and local consumption. The Act, established under
the Uganda Investment Code Act, currently demands that 80 percent of what is produced in free economic zones is exported while 20 percent can be locally consumed. Read more.
E-commerce free zone Dubai CommerCity and Dubai Culture will work together to stimulate the growth of Dubai’s creative sector and bolster the emirate’s attractiveness as a
global hub for the creative economy. Read more.
In 1970, the Republic of Mauritius passed its SEZs and EPZ Acts. SEZs were subsequently established in Ghana and Senegal. During the 1990s, several African countries aimed
to emulate the economic boom of East Asia. [UNCTAD] There are around 230 SEZs and 200 EEZs spread over Africa. Kenya has 61 special economic zones, the most of any country
in the world. Read more.
The latest issue of ASEAN Briefing Magazine, titled “Opportunities in Indonesia’s Special Economic Zones”, is out now and currently available to subscribers as a complimentary
download in the Asia Briefing Publication Store. Read more.
The Etihad Credit Insurance has struck a partnership with Hamriyah Free Zone Authority and Sharjah Airport International Free Zone Authority to support Sharjah exporters and
re-exporters reach out to overseas markets and secure their receivables at the same time. Read more.
The Hamriyah Free Zone Authority (HFZA) has partnered with Rafid Automotive Solutions to establish an integrated technical centre within the free zone and provide vehicle
repair, maintenance, inspection, as well as registration services and roadside assistance. Read more.
Meydan Free Zone continues its promise to ease business set ups for entrepreneurs as they partner with Commercial Bank of Dubai. The 100% digital free zone has partnered with
one of the leading banks in the UAE to provide banking services to their license holders. Read more.
A Chinese firm plans to invest over US$300 million to construct a largest tyre plant at Sihanoukville Special Economic Zone (SSEZ) in Preah Sihanouk province in 2023. The
news was shared by Mr Chen Jiangang, Chairman of the Board of Directors of SSEZ in a meeting with Ith Samheng, Minister of Labour and Vocational Training. Read more.
VIDEO OF THE WEEK
Nigeria: What made Lagos Free Zone, a commercial hub of Africa's largest economy a great success?
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