During the meeting, al-Shuaibi and Sayeed discussed aspects of cooperation between AFZ
and a number of Indian investment companies at various fields, especially in training and rehabilitation programs which will be provided by the Indian government to meet with the AFZ
For his part, Baqaei valued the development projects in AFZ
,indicting the facilities granted to investors which represent an attractive factor to the strategic situation of Aden, stressing the need to benefit from these merits to boost Yemen economy at the
After the ceremony, the project's agreements were signed in AFZ
by Aden Gulf Development Company and each of AECOM Technology Services and Brooke Capital Corporation (Brooke Wood) to work as main advisors to develop Aden Gulf project at AFZ
and Aden harbor.
What we did was to align our vision with the growing Small and Medium Enterprise (SME) segment world over positioning AFZ
as an ideal vantage point for these businesses looking towards the Middle East and North Africa (MENA), Indian Sub-Continent and Africa.
The fact that AFZ
offers a low-investment, flexible investment option was a major catalyst in fuelling interest among global SMEs to consider moving to the free zone," he added.
In a statement, AFZ
said the free zone now houses over 22,000 enterprises from different parts of the world.
Mohan Pandithage said, "Our country possesses a locational advantage that is ideal in becoming a key logistics hub within the South Asian region, and the 'Venus' facility of AFZ
will enable us to further contribute to this outcome by facilitating entrepot trade for a significant number of foreign and local companies.
Al Hashimi said that the office will embrace flexibility and transparency in its operations as the AFZ
is determined to develop economic and commercial relations.
He informed that a two-member high profile delegation from AFZ
comprised of Ali Hussain Fahmi Head of Customer Services and Operations and Abdalla Yehia Gohar Head of Finance Dvision met Pakistani investors to further explore the growing inward investments from Pakistan.
Out of total registered companies in AFZ
over 20pc belong to Pakistanis making it the second largest investor group by country in the zone Ali Hussain Fahmi Head of Customer Service AFZ
said while responding to Dawn queries.
The technocratic government has given further powers to Aden harbor, airport and the AFZ
to revitalize economy and create jobs opportunities in the province, he said.
The Director General of AFZ
Mahmood Al Hashemi confirmed that Cyprus is one of the largest markets for bilateral trade, while Deputy Director General Nader Eldesouky said that this is why the mission of the AFZ
returned to the island for the second consecutive year.