Dubai Airport Freezone (DAFZ), a member of the Dubai Built-in Financial Zones Authority (DIEZ), has signed a Memorandum of Understanding (MoU) with the Zhuanzhuan Group, a number one Chinese language agency specialising in secondhand items buying and selling. The settlement lays the muse for a strategic partnership aimed toward creating a cross-border provide chain for secondhand shopper items from Dubai to the broader Center East and international markets.
This collaboration displays DAFZ’s dedication to advancing the round financial system by attracting pioneering companies into the area and fostering a globally related, innovation-driven enterprise ecosystem throughout its financial zones. The initiative will improve Dubai’s position as a world hub for sustainable commerce and reinforce its place as a key commerce gateway linking Asia, Africa, and Europe.
Underneath the phrases of the MoU, signed by Arif Al Khoori, Senior Vice President – Buyer Care at DAFZ and Wang Su, Company Vice President of Zhuanzhuan Group, the corporate will set up its regional headquarters inside DAFZ. The ability will assist a completely built-in provide chain protecting recycling, high quality inspection, classification, and packaging. DIEZ will present institutional assist to facilitate collaboration with logistics suppliers, customs authorities, clearance brokers, and distribution companions, enhancing operational effectivity by versatile and efficient options.
Zhuanzhuan is amongst China’s foremost secondhand items platforms, boasting over 400 million registered customers and greater than 50 million month-to-month energetic customers in 2024, with a robust presence amongst Gen Z customers. The corporate has extremely superior technological and logistical infrastructure, working over 960 bodily shops in 80 cities.
The corporate actively promotes round financial system initiatives, together with biodegradable packaging and a cumulative discount of greater than 4.1 million tons in carbon emissions.
Dubai’s imaginative and prescient for sustainable commerce
Amna Lootah, Director Normal of DAFZ, stated: “This partnership highlights Dubai’s dedication to attracting high-quality investments and enhancing its integration into international worth chains, according to our strategic goals of positioning the emirate as a number one international hub for sustainable commerce. This stems from our dedication to supporting worldwide corporations of their development and innovation journeys, in alignment with the Dubai Financial Agenda D33 — which goals to double the scale of Dubai’s financial system by 2033, reinforce its standing among the many world’s prime three city economies, and improve its enchantment as a premier international vacation spot for enterprise and funding.”
“By this MoU, we’re dedicated to streamlining procedures and fostering an enabling surroundings for the expansion of the secondhand items sector — significantly amid the accelerating international shift in direction of a round financial system. We are going to leverage our capabilities and networks to facilitate the institution and operations of Zhuanzhuan, whereas supporting its logistics actions and distribution networks,” Lootah added.
Wang Su, Company Vice President of Zhuanzhuan Group, stated: “We stay up for establishing new benchmarks within the secondhand items commerce throughout the area by this strategic partnership with DAFZ. We’re assured that Dubai will function a super gateway to regional markets, because of its superior infrastructure, commerce facilitation providers, logistical effectivity, and strategic geographic location.”
Driving new enterprise fashions within the round financial system
The settlement additionally outlines plans to co-develop analysis and specialised working papers exploring the way forward for the round financial system and secondhand items buying and selling, with the objective of creating greatest practices and sustainable benchmarks for the sector.
DAFZ will present regulatory, technical and institutional assist for Zhuanzhuan Group’s registration and integration inside the Freezone, together with facilitation of customs clearance and distribution processes, in addition to introductions to key companions throughout Dubai’s financial panorama.
In flip, Zhuanzhuan Group will guarantee alignment with Chinese language and Dubai technical and compliance requirements, whereas additionally providing DAFZ potential alternatives to determine new entities from inside its international provide chain companions.
This partnership is anticipated to play a key position in fostering revolutionary enterprise fashions inside the sustainable commerce ecosystem, aligning with Dubai’s strategic imaginative and prescient to advance a round financial system and assist enterprises that leverage innovation to advertise accountable consumption.
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