Tuesday, November 13, 2012

International Business Authority gets behind Dubai Expo Bid

MIDDLE EAST - The Ajman Free Zone Authority (AFZA) in Dubai has pledged its support for the emirate's bid to host the 2020 World Expo as the official partner.

The 16-year old AFZA is a body responsible for the economic expansion of Dubai, and is currently overseeing the development of Ajman Free Zone, an area created to attract 4,000 international businesses operating on an unrestricted basis in Dubai.

Dubai is competing to stage the 2020 World Expo with four other cities including Sao Paulo (Brazil), Ayutthaya (Thailand); Izmir (Turkey) and Ekaterinburg (Russia).

The AFZA confirmed its support for Dubai's bid at the third Creativity Without Borders exhibition in the Ajman Free Zone.

Commenting on Dubai's bid for the event, the representative of the ruler of Ajman for financial and administrative affairs and chairman of Ajman Free Zone Authority, Sheikh Ahmed bin Humeed Al Nuaimi, said: "We at the Ajman Free Zone Authority pledge our support for the country's Expo 2020 bid with the full confidence that the UAE has a unique ability to host a truly global event of this scale.

“Ajman Free Zone Authority is fully committed to supporting this important nationwide effort and will promote the bid through a wide range of initiatives to raise awareness among our internal and external stakeholders."

The winning bid will be announced on November 2013 following a vote by the 161 member nations of the Bureau International des Expositions, the intergovernmental organisation in charge of overseeing the calendar, bidding, selection and organisation of the World Expo, held every five years.

Authorities in the United Arab Emirates have introduced a multiple entry visa for businessmen, property investors and cruise passengers, following three years of negotiation.

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