Dubai: DP World and its wholly owned subsidiary, DP World FZE, have closed the acquisition of Economic Zones World FZE (EZW) shares from Port and Free Zone World FZE (PFZW).
EZW’s key asset is the Jebel Ali Free Zone (JAFZ), which is one of the largest free zones in the region.
Sultan Ahmed Bin Sulayem, chairman of DP World, commented on the deal close: “Acquiring a strategically located asset integral to Jebel Ali’s continued success enhances our competitive advantage and aligns with our strategy of providing port-centric integrated logistics solutions at key gateway locations.”
