The free zones group, which runs Jebel Ali Free Zone in Dubai, will invest $400m in a logistics park in the US state of South Carolina. The company expects its project to proceed this year.
The company is also preparing plans to build logistics parks in China and India, although details remain vague.
“We have to proceed cautiously in the circumstances, but these are projects that we are prioritising in 2009,” says Khaled Ahmed, vice-president of strategy and development at Jebel Ali Free Zone and Economic Zones World.
You might also like...
Oman receives Madha industrial city tender prices
19 April 2024
Neom seeks to raise funds in $1.3bn sukuk sale
19 April 2024
Saudi firm advances Neutral Zone real estate plans
19 April 2024
Algeria signs oil deal with Swedish company
19 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.