FreeZone Aruba and Aruba Ports Authority have signed a memorandum of understanding to explore relocating and modernising the FreeZone at Barcadera, according to an October 22 report by NoticiaCla.
Agreement opens an exploratory phase
The cooperation agreement creates a basis for examining expansion, investment and economic-diversification opportunities, the outlet reported.
Minister Geoffrey Wever said proximity to the cargo port could lower transport costs and improve operational efficiency. These are prospective benefits, not results already achieved.
Bushiri site is fully occupied
The existing FreeZone at Bushiri is fully occupied and has a waiting list of interested businesses, according to the report.
The account describes an agreement to explore a possible move. It does not announce a completed relocation, approved construction schedule or project budget.
Source: Read NoticiaCla’s report on the FreeZone–APA agreement.
