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World FZO forms Board Member Committees and appoints new CEO

: Saturday, June 28 - 2014 @ 16:33

Chairman of the World Free Zones Organization (World FZO) Board of Directors, Dr. Mohammed Alzarooni, recently led the organization’s first board meeting with the 14 Board Members in Dubai. The meeting concluded with the formation of committees, the appointment of the new CEO and confirmation of the first Annual General Meeting.

During the board meeting, the agreement was made to appoint Dr. Samir Hamrouni as the first Chief Executive Officer. Dr. Hamrouni, who was previously Senior Advisor to Vice Chairman and CEO at Dubai Silicon Oasis, has been tasked with designing and driving a strategic growth plan for the Organization. He will also be responsible for selecting, coordinating and leading a team that will put in place a comprehensive offer of added value services to the members. Finally, he will lead, in coordination with the Chairperson and other officials of the Association, an institutional and media relations plan to drive awareness of the Organization.

Commenting on the appointment of the new CEO, Dr. Mohammed Alzarooni, said: “We are pleased to appoint Dr. Samir Hamrouni as Chief Executive Officer of the first multilateral organization born out of Dubai. With Dr. Hamrouni’s experience and knowledge of the free and economic zone model both in the region and around the world, it was a unanimous decision by all members of the board to appoint him, and we are confident of his abilities to reach our strategic goals of the World FZO.”

The Board decided to set up five committees covering various mandates of World FZO: the Executive Committee to manage the strategic planning, urgent operational matters and authorization of capital expenditures; the Finance Committee to review and maintain the Association’s budget and develop funding arrangements for its operation and programs; the Knowledge Committee to oversee the development of the intellectual base for free zone research outreach to organizations and to the international investor communities; the Law Committee to develop a free zone code of conduct for zone administrators and the Membership Committee to manage membership development for zone authorities and zone operators.

The Chairs of the Committees are Dr. Mohammed Alzarooni – UAE (Executive Committee), Ms. Rose Hynes – Ireland (Finance Committee), Mr. Isidoro Hodara – Uruguay (Knowledge Committee), Ms. Julie Brown – United States of America (Membership Committee) and Mr. Martin Gustavo Ibarra – Colombia (Law Committee).

The Board Members also agreed on a date for the World FZO Annual General Assembly, which is to take place in April 2015. Alongside the Annual General Assembly there will be a Board of Directors Meeting, and an International Conference, covering a topic to be revealed at a later date. The General Assembly is the Association’s supreme authority, comprised of all voting members and will review and approve the contents of the Association’s annual report and financial statements. It will also decide on agenda for the international conference.

To follow up on the Organization’s activities in Dubai and implementing the decisions agreed upon, Dr. Mohammed Alzarooni announced that the Board Directors will gather for a further meeting scheduled for November 2014.

World FZO, which is open to all member nations of the United Nations, comprises representatives of established free zones as well as local, regional and international free zone associations from across the world.

The World Free Zones Organization was established in Geneva, Switzerland in 2013 and is headquartered in the Dubai Airport Freezone in United Arab Emirates. World FZO provides global leadership in terms of knowledge of free zones. The Organization works to enhance public and general knowledge and perceptions of free zones, provides a multitude of services (such as research, events and data) for its members and the community, and helps to increase awareness of the advantages of free zones in terms of economic and social development, foreign and direct investment.

For further enquiries, please contact:
Kevin Cole
Capital MSL
[email protected] / [email protected]
Mobile: +971 55 109253

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Saturday, June 28- 2014 @ 16:33 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.

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