Baku News

21 November 2006 - AME Info - The President of Azerbaijan, Ilham Aliyev, along with a high profile trade delegation from his country, visited the Jebel Ali Free Zone today, and was received by the Chairman of Dubai World, Sultan Ahmed Bin Sulayem. The talks were attended by Jamal Majid Bin Thaniah, Group CEO, Dubai World, Salma Hareb, CEO, Jafza and Economic Zones World, and Mohamed Al Moalem, Managing Director, DP World along with other senior officials. President Aliyev was briefed on Dubai World's plans for expansion along with the development of existing projects. President Aliyev was also shown a video presentation on Nakheel's upcoming projects before a tour of the ports area in Jebel Ali. Mr Bin Sulayem, spoke of the excellent ties between Azerbaijan and the United Arab Emirates, including increasing bilateral trade: 'We are extremely pleased to welcome our esteemed guests to Dubai and would like to reiterate our commitment towards forging greater economic ties between the two countries. Dubai and Azerbaijan share similar values in terms of work ethos and we are actively looking at expanding our investment base in the country. Under a visionary leadership, Dubai has been able to benefit from world-class projects such as the three Palm islands, Dubai Waterfront project and a host of other exciting developments.' The UAE and the Republic of Azerbaijan signed 11 agreements in Abu Dhabi this week covering cooperation in the fields of economy, legal affairs, military, health, education and sports. Jafza offers a range of advantages to companies establishing operations in the free zone, such as a business environment free from red tape, no duties on all import and export goods and machineries, modern communication facilities and excellent support services. More than 5,500 companies from over 120 countries, including about 140 Fortune 500 companies, have set up facilities at Jafza.