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World FZO marks 100th member milestone

DUBAI, November 6, 2014

The World Free Zones Organisation has passed the 100 memberships milestone, with the recent confirmation of the 103rd member.

This was revealed at the convening of the organisation board in Dubai for the second time since its launch earlier this year, said a statement.

The decision makers, who gathered from around the world, also discussed the global economic trends of free zones and need for research and knowledge-based plans to foster a positive environment to support diversification, FDI movement, and growth opportunities for large as well as SMEs operating within free zones.

Dr Mohammed Alzarooni, chairman, said: "Since setting up in May this year, we have launched a multi-market and multi-stakeholder outreach program with a view to engage with free zones from around the world to ascertain the type and level of support they would require when it comes to knowledge and intelligence about the industry, networking for business development and operations management.

“The feedback we've received is very positive as free zones welcomed the flexibility and ability of the core team as well as the expert advice of the board members, and the global formal structure of the WFZO.

“At the same time, we have reached out to multiple business leaders, policy makers, and influencers to begin a dialogue around operational, legal, regulatory, and governance best practices that would support the role of Free Zones and enhance their impact and contribution to both local and global economies."

The board also voted for the appointment of a new board member, Juan Pablo Rivera. Rivera is currently the president of the Zona Franca Bogota South America and oversees the development and implementation of the zone's strategic plan.

In addition, the board elected Martin Ibarra as the new vice chairman of the organisation replacing the late Pellerano.

Meanwhile, the board also discussed a three-year strategy to set worldwide standards for knowledge and data sharing, networking and services for the member zones.

Dr Samir Hamrouni, CEO, said: ”Our three-pillar strategy, moving forward, will enable the World FZO to provide strategic insights and knowledge to its members through research and the analysis of data, and to facilitate business development and partnership opportunities for members, while also supporting its stakeholders and members with proprietary tools and governance systems to advance the development of all free zones and free zone entities associated with World FZO.” - TradeArabia News Service




Tags: Dubai | strategy | board | milestone | world | Membership | 100 |

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