11 July 2008
Regulatory approval confirms integration of leading logistics infrastructure businesses

Dubai - The acquisition of Gazeley Limited by Economic Zones World (EZW), a Dubai World company, has received European regulatory approval completing the integration of these two fast-growing logistics infrastructure businesses, as announced on 10 June 2008.

EZW has acquired Gazeley Limited, the Wal-Mart-owned global provider of sustainable logistics space, as part of its strategy to expand into global markets and deliver a robust global platform to support the dynamic and complex supply chains of its customers. 

The acquisition was driven by EZW's customer-centric strategy for global growth and the company's desire to strengthen its penetration of global markets through Gazeley's complementary fit.

Salma Hareb, Chief Executive Officer of Jafza and Economic Zones World, said: "We are delighted to have received formal regulatory approval and we are getting on with the business of bringing our two organisations together and unlocking the value which the combined strength of our operations will provide.  We are looking forward to building on the excellent work, capability and experience of the combined EZW / Gazeley team and to offering our customers an even broader and higher quality of service."

EZW and Gazeley senior management teams are currently working on an integration strategy to determine the best approach for combining the two businesses and maximising commercial and customer benefits.

-Ends-

Editors Notes
See details of the 10 June acquisition announcement at http://www.ezw.ae/en/news/economic-zones-world-ezw-joins-forces-with-gazeley-limited.html

About Economic Zones World
Economic Zones World (EZW) is the global developer and operator of economic zones, business and logistics parks under the Dubai World Group. The company aims to create a robust infrastructure platform of industrial and logistics parks across the world with an objective to support the dynamic supply chain networks of its rapidly growing customer base.

The company's vision is "to be the creator of business pioneers by cultivating economic wealth around the globe". It seeks to create the world's most efficient network of economic zones, industrial and logistics parks, adding value to its partners and the countries it operates in, achieving the highest standards in customer service and satisfaction, and enriching employees with opportunities.

As a responsible and socially committed global organisation, EZW aims to deploy its ever evolving customer-centric and dynamic business models to drive growth and maintain a sustainable society in the countries it operates in, while achieving quality commercial success for its corporate ventures.

EZW's current portfolio includes Jebel Ali Free Zone (Jafza), Dubai's flagship free zone operation, TechnoPark, a research driven business/ industrial park, Dubai Auto Zone, an industry specific free zone, and Jafza International, the overseas operations arm of the group.

Created with the vision of taking the Jafza concept global, Jafza International is emerging as one of the most focused investors, developers and managers of international economic zones, logistics and industrial parks globally and offers the depth of knowledge and professional excellence that are critical to ensure the smooth planning and development of such mega projects.

Jafza International is at present involved in more than a dozen projects, which are at various stages of development, in Asia, Africa, Middle East, Europe and the Americas.For more information on Economic Zones World, please visit www.ezw.ae

About Gazeley
Gazeley, a wholly owned subsidiary of Wal*Mart, was founded in 1987 in the UK and has since developed more than 60 million sq ft (5.6 million sq m) of sustainable distribution warehouses and industrial space for leading international companies and third-party logistics providers worldwide.

Gazeley's vision is: 'to be a global provider of logistics space delivered in a sustainable way'. Gazeley has a range of logistics sites to offer to its customers across the UK, France, Belgium, Spain, Germany, Italy, China, Mexico and India and has plans to expand operations further into Eastern Europe and the Middle East.

Gazeley first launched its sustainable design concept in 2002 and the company continues to assign considerable investment into sustainability and renewable technologies to ensure this best practice approach is fully embedded in all the developer's buildings. By 2010, the company pledges to make 35% of all its developments carbon positive while providing a 35% overall global reduction in carbon emissions.

A suite of key environmental measures are provided to customers as standard reflecting Gazeley's cost effective procurement and long-term commitment to sustainable development. The ability to implement leading edge environmental technologies ranging from rain water harvesting and ETFE rooflights to biofuel plants across its developments provides customers with significant operational cost savings.For further information please visit www.gazeley.com

For more information, please contact:
(UK media) - Ben Copithorne
Paul Browne, Camargue
Tel: +44 (0) 20 7636 7366
Email: bcopithorne@camarguepr.com  
         pbrowne@camarguepr.com

Susan Diaz
EZW
Tel: +9714 8010552
Email: susan.diaz@ezw.ae

© Press Release 2008