Wednesday January 12th, World FZO hosted a webinar on how India can successfully attract more foreign manufacturing companies through its SEZs. World FZO’s CEO Dr. Samir Hamrouni and Advisory Team represented by Ms. Zoë Harries, Dr. Andreas Baumgartner, engaged with an expert panel with representatives .. Learn more.
The Dominican Association of Free Zones (Adozona) assured ; that the sector projects a growth of at least 10% for the year 2022, after culminating an unprecedented 2021 in
the history of free zones, with record numbers in the number of parks, companies and level of exports. Learn more.
Special Economic Zone (SEZ) committee of M3 Industrial City has approved three companies for zone enterprise status to catalyse economic activity in the province. The approval
has been granted to three private companies. These companies are expected to bring in investments worth almost Rs11 and a half billion leading to creation of over a thousand
new jobs. Learn more.
In November 2021, the Philippines Economic Zone Authority (PEZA) introduced a new work visa for foreigners who are sponsored to work in the Philippines by companies registered
with PEZA. The PEZA applications are processed within 10 business days (from the previous time of 1 month) and the visa is valid for up to two years with the option of
renewing once for another two years, for a maximum validity period of four years. Learn more.
The year 2021 saw record-high investments in the Polish Investment Zone covering Poland's entire territory, a deputy development and technology minister has told PAP. "Last
year, a total of 713 decisions were issued to support new investments in the Polish Investment Zone," Grzegorz Piechowiak told PAP. Learn more.
Foreign direct investment (FDI) in South Korea’s nine free economic zones (FEZ) surpassed a cumulative $20 billion mark since the nation started operating the FEZs 18 years
ago in 2003. According to the Ministry of Trade, Industry and Energy, the nine FEZs attracted FDI worth $1.31 billion in 2021, up 42 per cent from a year earlier. Learn more.
The Sharjah Consultative Council (SCC) approved its recommendations regarding the policy of the Sharjah Ports, Customs and Free Zones Authority (SPCFZA), during its seventh
meeting, which was held at its headquarters in Sharjah as part of its work for its third regular session of the tenth legislative term. Learn more.
On December 27, 2021, the National Development and Reform Commission and the Ministry of Commerce jointly issued the Special Administrative Measures (Negative List) for Foreign
Investment Access (2021 Edition). The 2021 FDI Negative List replaced the 2020 edition (promulgated on June 23, 2020) and took effect on January 1, 2022. Learn more.
Despite a modest improvement in the Covid-19 situation in Cambodia, the number of new projects outside of special economic zones (SEZ) approved by the Council for the Development
of Cambodia (CDC) saw a sharp decline in January-November 2021 compared to the same period a year earlier. Learn more.
Aegean Free Zone, which is the largest free zone in Turkey with the economic value it produces and the employment it provides, reached an employment figure of 2021 people
by providing a trade volume of 4.7 billion dollars and exports of 2.3 billion dollars in 21, when the world was struggling with the pandemic. Learn more.
In what promises to be a gamechanger for the Western Cape’s economy, the Atlantis Special Economic Zone (ASEZ) will become a focal point for investment in green technologies
with local businesses and residents benefiting. Learn more.
VIDEO OF THE WEEK
FDI in Korean Free Economic Zones in 2021 highest in three years
World Free Zones Organization
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