Economic Zone World Initiatives Spur Dubai’s Drive To Become Global Islamic Economic Hub

Economic Zone World Initiatives Spur Dubai’s Drive To Become Global Islamic Economic Hub

Over the past months, EZW has launched multiple projects to attract new foreign investments. These include the Halal Zone, E-Commerce, JafzaOne.

Economic Zones World, or EZW, has lined up ambitious programmes and strategies to complement Dubai drive to emerge one of the world’s top economic hubs, Hisham Abdullah Al Shirawi, chairman, Economic Zones World, said.

Over the past months, EZW has launched multiple projects to attract new foreign investments. These include the Halal Zone, E-Commerce, JafzaOne.

Al Shirawi said to realise Dubai’s vision to become the most favoured investment destination in the world, several initiatives are under way to provide investors all the services required to establish and start business operation at the fastest and the most seamless way, preferably on the touch of a button.

Stressing the need for a Smart Government, Al Shirawi said that in order to ensure that investors experience far exceeding all their expectations, not only in terms of ease of doing business but also sustainability, Dubai must have smart government in place that thrives on the strength of technology and the collaboration between different service providers. He said Halal Zone has been designed to tap the huge potential of the fast growing Halal market. It will add to the momentum to attract new investments to Dubai.

“E-commerce globally hit $1 trillion and the velocity of its growth has surprised all analysts.  This would allow the region to reach the world and international investor to reach the regional market,” said Al Shirawi.

The Dh2.5 billion JafzaOne is a self-contained business hub, providing companies a single location for all their business needs. The complex has been designed to combine all elements of a successful business ecosystem under one roof and to let customers have all of their business and leisure needs met in a single location.

The completion of the first phase of the complex in November 2013 has made available approximately 43,000sq metres of prime leasable space, a 22-outlet food court, and two levels of car park with over 1,000 individual spaces on each level.

The complex is spread across 72,700sq metre, and comprises two 34-floor twin towers rising 138 metres above ground level. It contains a 320 room luxury four-star hotel, a 606-seat auditorium, a 1,000 sq metre banquet hall, 22 meeting and conference rooms and a ready-to-use conference and a 1,500 sq metre exhibition hall, as well as four floors for parking with 4,000 spaces.

Al Shirawi said EZW continues to focus in trade and physical goods movement. “We are now moving towards integrating market concepts.  Hence many market concepts such as Halal Zone, eCommerce and JafzaOne centres around this significant concept.  These market concepts are diversified.  The market concept will help advance a sustainable economic development and expand foreign trade.”

Originally published on www.khaleejtimes.com