Page 279 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 1)

9/29/24, 5:57 PM World FZO’s 10th Annual World Congress concludes in Dubai with 2000 Attendees from 136 Countries - Business - Economy and …
explored the future of artificial intelligence, machine learning, cybersecurity, and data privacy, highlighting the role of
free zones in fostering innovation, digitization, and boosting foreign direct investment flows.

Strengthening Regional Partnerships
The congress witnessed the signing of a Memorandum of Understanding (MoU) between the World Free Zones

Organization and the African Continental Free Trade Area (AfCFTA). The MoU outlines the framework for bilateral
cooperation in four key areas: policy development, capacity building, information exchange, and promoting trade

and facilitating investments. The signing ceremony was attended by H.E. Dr. Mohammed Al Zarooni, Chairman of
the World Free Zones Organization, and H.E. Wamkele Mene, Secretary-General of the AfCFTA.
The MoU outlines a collaboration between both parties to jointly develop policies aimed at enhancing the business

environment within free zones across the African continent, while coordinating efforts to standardize regulations. It
also includes the organization of programs, workshops, and sessions for stakeholders and partners, along with the

provision of technical support and capacity-building initiatives for free zones and related organizations.

Additionally, the agreement encompasses the exchange of knowledge, information, best practices, market trends,

studies, and reports. Both parties will also co-organize trade missions, investment forums, and exhibitions,
promoting investment opportunities in African free zones to global investors.

New Strategic Approach
The 10th edition of the World Congress also saw the launch of the organization’s new corporate identity, which
includes an updated vision, mission, and strategic pillars. In line with its new strategy, the organization’s key

objectives for its new phase include opening new investment horizons and reinforcing social contributions by
supporting net-zero initiatives. Leveraging its learning, communication, and consultation tools, the organization

seeks to drive meaningful positive change and foster greater collaboration within the global ecosystem of free
zones.

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