Economics Zones World Transaction Close
Dubai, UAE - 17 March, 2015
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EZW ‘s key asset is the Jebel Ali Free Zone (JAFZ), which is one of the largest free zones in the GCC and a major industrial and commercial development in Dubai, United Arab Emirates. It is widely recognised, along with DP World, as a key driver of the country’s phenomenal economic growth.
His Excellency Sultan Ahmed Bin Sulayem, Chairman of DP World, commented on the deal close:
“We are very pleased to have reached the close of this acquisition which is compelling from both a strategic and financial perspective. This will allow us to enhance our position as the leading logistics hub in the Middle East region, accelerate growth and deliver shareholder value.
“Acquiring a strategically located asset integral to Jebel Ali's continued success enhances our competitive advantage and aligns with our strategy of providing port-centric integrated logistics solutions at key gateway locations.
Combining the two assets makes economic and strategic sense for all parties involved, including customers, particularly in the context of a significant growth phase in port capacity at Jebel Ali and a strong economic outlook for Dubai and the wider GCC region. The two assets will allow DP World to co-ordinate planned expansion and deliver an improved customer proposition.”
DP World Limited, press release
