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ZonesCorp Signs Memorandum of Understanding with Ministry of Economy

posted on 04/02/2009: 667 views



The Higher Corporation for Specialized Economic Zones (ZonesCorp) yesterday signed a Memorandum of Understanding (MoU) with the Ministry of Economy to increase cooperation through the exchange of electronic data and information.

The MoU was signed at ZonesCorp by H.E. Eng. Jaber Hareb Al Khaili, CEO of ZonesCorp, and H.E. Eng. Mohammed Ahmed Bin Abdul Aziz Al Shehhi, Undersecretary of the Ministry of Economy.

The partnership aims to unify federal procedures for local industrial registration within one joint mechanism. It sets up a framework for a centralized database between the two entities that will electronically maintain all information and official documents related to the issuance of industrial licenses. The sharing of information will centralize all procedures and services, also ensuring the observance of all policies and regulations.

ZonesCorp has appointed a liaison officer to coordinate between the two entities, assuming the responsibility of maintaining all official documents and developing a suitable organizational and financial framework for the project. – Emirates News Agency, WAM



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