Tuesday 22 December 2015

Jebel Ali Free Zone repays Dh2bn Islamic loan ahead of schedule | The National

Jebel Ali Free Zone repays Dh2bn Islamic loan ahead of schedule | The National:

"Jebel Ali Free Zone has repaid a Dh2 billion Islamic loan four and a half years ahead of schedule.

The repayment of the loan that was set to mature in June 2020 comes amid efforts by Dubai government entities to reduce debt loads and as the emirate’s biggest free zone starts to show signs of sustained growth.

“This is perhaps the most significant milestone in the history of JAFZ,” said Sultan Ahmed bin Sulayem, the chairman of Economic Zones World, the holding company that controls JAFZ."



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