Page 325 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 1)

9/29/24, 12:12 PM World FZO's 10th annual World Congress concludes in Dubai
The congress witnessed the signing of a Memorandum of Understanding (MoU)

between the World Free Zones Organisation 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 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 standardise 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.

The 10th edition of the World Congress also saw the launch of the organisation'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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