Dubai World reaffirms commitment to developing the investment environment in Dubai


Tuesday, August 19, 2008

In line with Dubai World‘s objectives of seeking promising investment opportunities in the region and enhancing its logistics capabilities, Jamal Majid Bin Thaniah, Deputy Chairman of DP World and the Jebel Ali Free Zone – Dubai World has confirmed that the Emirate of Dubai will spare no effort for creating a highly favorable investment environment.

During a meeting today with Shoshi Arakawa, the Chairman of the Board, CEO and President of Bridgestone Corporation, Bin Thaniah added that Dubai Ports World is continuously expanding its business units, especially those in Jebel Ali Free Zone, which presently accommodates 5,000 companies from around the world.

He said that the Jebel Ali Port Extension which has reached an advanced phase will add to the capacity to handle the continuous increase in container traffic. “The construction of a state of the art international airport near the free zone and port will give added value to the area and the region, and help support the economic cycle in general through the unique direct connection between the three facilities,” Bin Thaniah said.

The DP World Deputy Chairman and the visiting delegate discussed the ambitious building projects in Dubai, especially the qualitative projects carried out by Nakheel Properties, a Dubai World concern.

Arakawa praised the growth registered by Dubai at all levels, and said that Bridgestone has giant warehouses in the Jebel Ali Free Zone for re-exporting its products to the several countries in the region, observing that the corporation is expanding its presence in the region.

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Chairman HH Sheikh Ahmed Bin Saeed Al Maktoum