Jafza International awarded a 10 year management contract by TMSA (Tangier Med Special Agency) and Tangier Med Free Zone & Port will be open in September 2007
Dubai - Jafza International, the world's leading free zone operator, has been awarded a 10 year concession to manage the logistics free zone at Tangier Med, the port complex under development in Morocco. The agreement between Tangier Med Special Agency (TMSA) and Jafza International supersedes the co-operation agreement awarded to Jafza International last October for technical advice.
Situated in the port complex of Tangier Med, and extending to a surface area of 130 hectares, the logistics free zone is one of three free zones associated with the Tangier Mediterranean project.
Jafza International plans to apply the same management systems to Tangier that have made the Jebel Ali Free Zone in Dubai the most successful and fastest growing free zone operation in the world. Jafza International plans to incorporate state-of-the-art telecommunications, offering a full range of facilities such as serviced plots of land, pre-built warehouses and offices, as well as serviced plots of land. Also, the availability and low cost of labor location at the distance of 14 km from Europe makes it a strategic choice for European companies. Furthermore, the owners will also undertake to finance fully the construction of bespoke warehousing to suit customer needs. These facilities will then be rented by customers by Jafza International.
Now that Jafza International has been awarded the contract, the company is in the process of assembling a management team. Jafza International has conducted a four month feasibility study into Tangier's suitability for a logistics free zone the results of which have encouraged both Jafza and TMSA to proceed with the project. Both the port and free zone at Tangier Med are due to open for business in September 2007.
Mohammed Sharaf, Managing Director of Jafza International, commented:
"On behalf of JAFZA International, I am delighted to announce this important agreement. This contract with Tangier Med Special Agency reinforces our partnership with Tangier, and will offer enhanced service levels to our customers. We are honored to have been selected by the Tangier Med Special Agency to develop this key trade centre."
Mr. Saeed Alhadi, President of the Directorate of TMSA, commented:
"We are excited to be reinforcing our partnership with Jafza International and our links with Dubai. We believe our facility has the potential to become a leading logistics hub for the region. We look forward to working with Jafza International to make Tangier fulfill this potential".
- Ends -
About JAFZA International
Jafza International was created to meet the requirements of overseas governments or private investors seeking to establish a free trade zone, or any other type of Special Economic Zone, within their own territorial borders. The company has over 20 years of experience in the development, management and administration of free zones. Jafza International has applied the same management systems that have made the Jebel Ali Free Zone in Dubai the most successful and fastest growing free zone operation in the world to its projects around the world.
In addition to a wealth of experience gained in managing and operating some of the world's leading free zone and logistics operations, Jafza International can offer potential partners access to a network of over 4,300 national and multinational companies from over 110 countries.
Jafza International has developed successful partnerships in Tangier and Djibouti and is currently developing the Port Klang Free Zone in Malaysia. This is an ongoing process and the company continues to work towards creating a global network of strategically located business locations, offering investors a consistently high quality and seamless service.
Jafza International is the international free zone management division of Dubai International which includes DPI Terminals the leading global port operator.
For more information, please contact:
Bell Pottinger Communications
Natasha Sterling
Mob: 050 252 8014
Tel: 04 367 2228
E-mail: nsterling@bell-pottinger.co.uk
Tom Mollo
Mob: 050 550 4203
Tel: 04 367 2256
E-mail: tmollo@bell-pottinger.co.uk
Press Release 2005
