Western Region Development Council (WRDC) and the Higher Corporation for Specialized Economic Zones (ZonesCorp) have entered into a three-year Memorandum of Understanding (MoU) for boosting relations of joint cooperation and implementing joint initiatives towards realisation of sustainable economic development in the Western Region and efficient contribution in support of public and private investment with the aim of increasing economic and industrial production sectors through the launch of new investment ventures.

The MoU was signed by Mohamed Hasan Al Qemzi, CEO, ZonesCorp, and Mohammed bin Azzan Al Mazrouei, Director General of the Western Region Development Council (WRDC).

Al Qemzi said the conclusion of the MoU is in consistence with the directives of the wise government for availing all opportunities for supporting national economy and diversifying sources of income in line with the Economic Vision 2030.

'' By this agreement, we are ushering into a new important step in the path of developmental and industrial projects ........We are also ready to mobilise all capabilities and expertise to work side by side with the WRDC and strategic partners in the Region like ADNOC so as to promote investment in public and private sectors and realise development,'' he added.

For his part, Al Mazrouei affirmed the WRDC's readiness to carry out vital initiatives and cooperate with strategic economic partners to attain the highest rates of economic prosperity, social development and industrialisation in the Region.