Economic Zones World completes acquisition of Gazeley

Notes and media contacts

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.

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 contact
Ben Copithorne / Paul Browne
Camargue
Tel: +44 (0) 20 7636 7366

Susan Diaz
EZW
Tel: +9714 8010552