JAFZAJebel Ali Free Zone Authority
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Details on refinancing the JAFZA bond are expected to be finalized by the end of April.
JAFZA had shortlisted seven banks including Citigroup, Banc of America, Morgan Stanley, HSBC, and Standard Chartered as potential advisors for Gazeley, the sources said.
JAFZA and Citi would not comment when contacted by Reuters.
The JAFZA issue has been flagged by rating agencies Moody's and Standard & Poor's as among the most problematic of Dubai's repayments due next year.
JAFZA is a successful entity and I'm sure that financial institutions have enough confidence in JAFZA in order to cooperate in providing for such (refinancing) requirements," he added.
Al Janahi, inviting the Tunisian businesses to join JAFZA, said: "With its excellent value driven business offerings JAFZA has today attracted over 6000 of the world's finest businesses including 120 of the Global Fortune 500 companies to the free zone facilitating them to strengthen their presence in the Middle East markets and at the same time driving economic development in the UAE and the region.
HE Afif Shalabi said Tunisia sees JAFZA as a great Arab success story and a role model to for bringing economic prosperity to the Middle East region and seeks their support in enhancing Tunisian participation in global trade.
He said the station would mainly serve the people working or living in JAFZA as those who do not have access pass to enter JAFZA will not be able to access the station.
CEO of Imdaad, Jamal Abdulla Lootah, said, Being one of the largest and fastest growing free zones in the world, JAFZA requires highly specialized FM expertise, technologies and know-how that will ultimately benefit the thousands of companies that are operating in the free zone.
The Big 5 Dubai has grown remarkably over the years and the exhibition is attracting leading multinationals from the construction and building material industry, which bodes well for the UAEs Expo 2020 infrastructure plans Jafzas integrated and seamless trade corridor, supported by a one-stop online trade portal for ease of doing business, provides businesses with the best in what logistics parks have to offer globally.