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An Assessment of Free Economic Zones (FEZs) in Arab Countries: Performance and Main Features

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  • Jamil Tahir

    (Organization of Arab Petroleum Exporting Countries (OAPEC))

Abstract

Free Economic Zones (FRZ) have become increasingly important as developing countries seek to attract foreign investment, in order to promote trade and growth. A large number of FEZ have been put into operation throughout the Arab world, and more are in the planning process. Even though they offer almost similar incentives and facilities, their degree of success differ from one country to another. Macro as well as micro level constraints have impeded the success of most of the zones, which require a careful reassessment of their existing measures. Jebel Ali Free Zone proved to be the most successful in Arab countries in terms of investment attracted to the zone, level of exports and foreign exchange, as well as backward and forward linkages with the domestic economy. To be successful, FEZs in Arab countries have to concentrate on competing on the basis of the services offered and their quality.

Suggested Citation

  • Jamil Tahir, 1999. "An Assessment of Free Economic Zones (FEZs) in Arab Countries: Performance and Main Features," Working Papers 9926, Economic Research Forum, revised Sep 1999.
    • Handle: RePEc:erg:wpaper:9926
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