The signing ceremony was witnessed by the Rwandan Prime Minister, the Right Honorable Bernard Makuza. Mr. Mohammed Sharaf, Managing Director Jafza International, and Mr. Williams Nkurunziza, Director General of Rwanda Investment and Export Promotion Agency (RIEPA), the contract was signed on behalf of their respective agencies.
The four-month-long study will cover issues relating to the development and operation of the free zone and evaluating the success prospects of the project.
This is the fifth contract that “Jafza International” has signed in this field on the African Continent after Djibouti, Mauritius, Morocco, and Senegal and the 7th around worldwide in which “Jafza International” normally contracts to undertake market studies, develop marketing plans, analyzing trade agreements and free zone laws and broader economic issues in client countries.
“The is one of the important projects of Jafza International. Jafza is proud to cooperate with the Rwandan Government by extending its 20-year experience in enhancing Rwanda’s position as a regional commercial hub”, said Mohammed Sharaf.
Mr. Sharaf underlined the important position of Rwanda to absorb free zone operations, adding that “Jafza International” is looking forward to working with the Rwandan government to exploit such potential.
Jafza International has long field knowledge in developing and managing free zones, using its administrative systems, which made it the most successful and fastest growing free zone in the world.
Preliminary studies indicate that Rwanda has a strategic location that has potential to boost trade with east & central Africa; it has modern infrastructure and natural wealth capable of attracting foreign investments.
He added that the project enhances Jafza International global presence and domestic growth and comes in line with the directives of the General Sheikh Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Defence Minister to extend Dubai expertise to other countries. Noting that the current study would be a credit to Jafza International’s position in Africa.
His Rwandan counterpart, Mr. Williams Nkurunziza, observed that the contract holds several benefits for Rwanda. “We made an informed choice to benchmark our free zone development agenda against the best in the world. It gives us access to Jafza International’s rich experience in managing and operating free zones and logistics services in several strategic sites in the world and we hope to use the Jafza connection in our dialogue with the over 5000 national and multi-national companies from more than 120 countries worldwide operation in Dubai, particularly those eager to expand their economic space by using Rwanda as their launch pad into the emerging East and Central African market,” he said.
Jafza International was capable of developing successful partnerships in the Moroccan city of Tangier, and in Djibouti and is currently developing Port Klang Free Zone (PKFZ) in Malaysia and continue its business towards creating global network for all strategically commercial locations while it provides high-quality services for its investors.
Jafza International was created in 2000 to meet the requirements of overseas governments or private investors seeking to establish free trade zones, or any other type of Special Economic Zone. The highly-qualified employees of Jafza International have a long experience in managing free zones, market evaluation, law development and training of human resources.
Tuesday, September 6- 2005 @ 16:00 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.