Economic Zones World completes Gazeley buyout

Dubai: Economic Zones World (EZW), a Dubai World company, yesterday announced the acquisition of Gazeley Limited, a UK-based developer of logistics space, as part of global expansion, officials said.

"The acquisition will bring value to our international clients whom we accommodate here as well as new clients globally," said Jamal Majid Bin Thaniah, chief executive of Ports and Free Zones World, of which EZW is part.

Sultan Ahmad Bin Sul-ayem, chairman of Dubai World, said that "this acquisition is a milestone in our global expansion strategy." EZW has a base of more than 6,000 global customers.

The company will provide EZW with established operations in the UK and Europe, as well as additional growth opportunities in emerging markets including China, India and Mexico, officials said.