Aden Free Zone (AFZ) | |
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Location | |
Country | Yemen |
Location | CALTEX-ADEN |
Coordinates | 12.808537, 44.991932 |
Details | |
Operated by | Aden Free Zone Authority |
Owned by | Government of Yemen |
President | Hassan Haid |
Establishment[1] | The Free Zones Law No. (4) of 1993 |
Statistics | |
Type | FREE TRADE ZONE |
The Aden Free Zone (AFZ) Arabic: المنطقة الحرة عدن, romanized: almintaqat alhurat eadn, lit. 'Free Zone Aden' is a free-trade zone in Yemen established in the city of Aden in compliance with the Yemeni Free Zones law of 1993.[2]
After the unification of Yemen on May 22, 1990, the city of Aden was designated as the economic and commercial capital of the Republic of Yemen.[3]
The Free zone is an independent body with full legal personality and independent financial authority; however it operates with co-operation with the Gulf of Aden Ports Authority, which includes the Aden Container Port and Aden International Airport.[4]
Aden is the second largest city, commercial and economic Capital of the Republic of Yemen. One of the most important centers in the trade activity that supports Yemeni economy. Has a strategic location at the entrance to the Red Sea and almost all traffic between Europe and Asia passes within a few miles of the port entrance.[5][6]