Economic Zones World's US industrial park project gathers momentum.
Economic Zones World announced the construction of the first building, a multi-purpose training facility in its US-based, 1,324 acre logistics and distribution hub, Jafza Magna Park located in Santee, South Carolina.
The 20,000 square feet training centre, office will be a multi-use facility that will consist of shared office facilities, training labs and general warehouse space known as Leased Industrial Units.
Economic Zones World acquired over 1,300 acres just outside of the town limits of Santee in Orangeburg County in the fall of 2007.
Since then Jafza has pursued and received all the necessary regulatory requirements to begin development including site certification from the South Carolina Department of Commerce.
The initial land development will be done in three immediate phases which include the construction of the mixed-use training facility and the development of 42 and 76 acres of plots respectively.
The project is expected to attract about $1.
2 billion in private investment and generate an estimated 8,000 to 10,000 jobs over a decade.
This building is a significant milestone for us at EZW, especially for the Jafza team on the ground in the USA.
We are excited about the project and have spent time laying the ground work for it.
This first step towards the realization of all the hard work is very rewarding.
It is, above all, an encouraging sign of the global economic recovery and we hope it's a stepping stone to many more great things to come at Santee.
' said Salma Ali Saif bin Hareb, CEO, Economic Zones World, commenting on the development.
'It's wonderful that Jafza is making progress.
This training facility will be a major asset to the region as well as the development of the Industrial Park.
This is further confirmation of Jafza's commitment to South Carolina and Orangeburg County.
It is indeed a Great Day in Orangeburg County," stated County Council Chairman, Johnnie Wright Sr.
"We are happy to be moving forward with this project and what could be more appropriate that a training centre.
While plans may have been delayed and refocused during the economic downturn, the validity of the project is still there and it will move forward as the economy continues to grow.
The development Commission is here tofacilitate that growth," stated Jeannine Kees, Chair Orangeburg County Development Commission.
In addition to the US Industrial park project, Economic Zones World is currently engaged in numerous development projects across Asia (India, Malaysia, China), Africa (Djibouti), the Middle East (UAE) and Europe (Belgium, UK, Germany, Poland, Italy, Spain, France).
The company's current portfolio includes Jafza, one of the world's largest free zones; Gazeley, a global developer of highly efficient, carbon positive logistics and industrial spaces; TechnoPark, a research driven business and industrial park, and Dubai Auto Zone, a comprehensive market place for the Auto industry.
2010 Al Bawaba (www.
2010 Al Bawaba (Albawaba.com)
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|Date:||Sep 5, 2010|
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