AFP: New board for crisis-hit Dubai World's EZW developers

The Dubai government announced on Saturday the appointment of a new board for its Economic Zones World, a subsidiary of the troubled Dubai World conglomerate which is undergoing restructuring.

UAE businessman Hisham Abdullah al-Shirawi -- vice president of the Dubai chamber of commerce and industry and a member of the city state's economic council -- is to head the new board, it said in a statement.

The mission of the new board will be to develop the activities of Economic Zones World (EZW) based on "regional and global economic conjuncture," the statement said.