{"id":4660,"date":"2022-01-30T15:35:56","date_gmt":"2022-01-30T18:35:56","guid":{"rendered":"https:\/\/www.abrazpe.org.br\/?p=4660"},"modified":"2022-01-30T15:35:57","modified_gmt":"2022-01-30T18:35:57","slug":"five-unexpected-strategies-for-high-performing-sezs-to-adopt","status":"publish","type":"post","link":"https:\/\/www.abrazpe.org.br\/index.php\/2022\/01\/30\/five-unexpected-strategies-for-high-performing-sezs-to-adopt\/","title":{"rendered":"Five unexpected strategies for high-performing SEZs to adopt"},"content":{"rendered":"<p class=\"estimated-read-time\">Tempo de leitura:<small> 4 minutos<\/small><\/p> \n<p>Why do some&nbsp;<a href=\"https:\/\/www.investmentmonitor.ai\/global\/what-is-a-special-economic-zone\">economic zones<\/a>&nbsp;significantly&nbsp;<a href=\"https:\/\/www.investmentmonitor.ai\/investment-monitor-events\/economic-zone-sustainable-recovery-strategies-awards-2021\">outperform others<\/a>&nbsp;despite sharing many common attributes? This is the key question for zone leaders. Some surprising recommendations emerged when former executive director of the seven-times winner of fDi Global Free Zone of the Year DMCC,&nbsp;<a href=\"https:\/\/www.linkedin.com\/in\/krystafox~adviserstrategybusinessleadership\/\">Krysta Fox<\/a>&nbsp;(now director, operations,&nbsp;<a href=\"https:\/\/www.linkedin.com\/company\/ezdaalliance\">Economic Zones Development Alliance [EZDA<\/a>]) pondered this question along with&nbsp;<a href=\"https:\/\/www.linkedin.com\/in\/ekaterina-evdokimova-5806a316\/\">Ekaterina Evdokimova<\/a>, managing partner and co-founder of Russian&nbsp;<a href=\"https:\/\/gdpquadrat.com\/en\/\">SEZ Stupino Quadrat<\/a>; CEO of&nbsp;<a href=\"https:\/\/www.investmentmonitor.ai\/companies\/rezekne-special-economic-zone\">Rezekne SEZ<\/a>&nbsp;in Latvia&nbsp;<a href=\"http:\/\/rsez.lv\/index.php\/en\/blog\/item\/405-the-new-ceo-of-rezekne-special-economic-zone-authority\">Krista Freiberga<\/a>; and&nbsp;<a href=\"http:\/\/ezdaalliance.com\/\">EZDA<\/a>&nbsp;director of investment&nbsp;<a href=\"https:\/\/www.linkedin.com\/in\/zoeharries\/\">Zo\u00eb Harries<\/a>&nbsp;in a panel session during&nbsp;<a href=\"https:\/\/www.investmentmonitor.ai\/investment-monitor-events\/bnew-2021-economic-zones-within-global-context\">Barcelona New Economy Week<\/a>&nbsp;in October 2021.<\/p>\n\n\n\n<p>Firstly, Harries, who has&nbsp;<a href=\"https:\/\/www.investmentmonitor.ai\/insights\/sezs-shine-bright-in-times-of-uncertainty\">supported the growth<\/a>&nbsp;of more than 50 economic zones globally, pointed out the number one mistake made by zone leaders: that is, ignoring the needs of existing investors. She has seen zones experience major growth upon&nbsp;turning their attention inward&nbsp;and focusing on nurturing the leaders and employees of the zones\u2019 companies. Likewise, when Fox stepped into DMCC in 2012, her team made it their number one goal to raise&nbsp;satisfaction levels among existing member companies. Soon word got around and within 12 months more than 50% of the zone\u2019s new growth was coming from referrals. Similarly, Freiberga says&nbsp;the main priority of her economic zone authority is to continue cooperation with existing companies. The core message from the discussion was&nbsp;for zone leaders&nbsp;to focus on keeping existing clients happy.<\/p>\n\n\n\n<p><a href=\"https:\/\/investmentmonitor.ai\/global\/fdi-drivers-and-barriers-in-the-business-environment\">Ease of doing business<\/a>&nbsp;is not a new concept, but Freiberga and her team see themselves&nbsp;\u201cselling time as a valuable asset\u201d, and that means Rezekne focuses on ready-made properties, right down to the figurative \u2018milk in the fridge\u2019, to allow entrepreneurs to take immediate and uninterrupted action to grow their businesses. The team at Stupino share a similar philosophy, with Evdokimova talking passionately about the extra \u201c30 miles\u201d her team goes for their fascinating and growing company base; if it means they can solve an issue in Moscow on behalf of their clients, it is another game changer. Fox\u2019s team measured every service turnaround time in minutes, constantly striving to give time back to clients \u2013 in some cases service delivery improved from five weeks to five minutes through streamlining and digitalisation \u2013 and client satisfaction rose from 50% to 90%. The group agreed that the key challenge is to find all the ways zones can give time back to their clients for them to invest in their business.<\/p>\n\n\n\n<p>According to Fox, \u201cclustered diversification\u201d was a term she&nbsp;coined&nbsp;to describe the success of her former zone through&nbsp;its work to put&nbsp;in place the connections, standards and platforms to&nbsp;offer a deep level of support to a particular industry, and then \u201crinse and repeat\u201d across new industries. This is the way DMCC built&nbsp;multiple ecosystems. Rezekne similarly succeeded by forming tripartite cooperation between&nbsp;the&nbsp;authority, entrepreneurs and educational institutions with the benefit of building valuable&nbsp;<a href=\"https:\/\/www.investmentmonitor.ai\/analysis\/fdi-drivers-and-the-quest-for-talent\">industry-specific talent<\/a>. Harries took the conversation global by pointing out the importance of&nbsp;adapting the value proposition to meet&nbsp;<a href=\"https:\/\/www.investmentmonitor.ai\/news\/global-supply-chains-under-strain\">shifting global value chains<\/a>, citing the example of Atlantis in South Africa with its focus on sustainable development with solar farms, and shared resources in the pharmaceutical sector. It was unanimous: SEZ leaders should look at how top performing zones deeply support the entire value chain of their target sectors.<\/p>\n\n\n\n<p>As a lawyer, Evdokimova inspired the group through her tireless work to create digital integration between Stupino and Russia\u2019s government services infrastructure, and that resulted in digital platforms for document exchange, digital services and shared data centres, with her team all the while carefully deploying digital security measures. The group agreed that highly digitalised zones were not only more efficient but also resilient to Covid-related lockdowns, rendering them able to remotely verify identities and issue documentation. When deployed by Fox\u2019s team,&nbsp;digital signatures were a game changer for the zone, dramatically speeding up services while improving compliance. The four leaders agreed on the criticality of zone leaders doing their homework when planning and executing new SEZ systems.<\/p>\n\n\n\n<p>From Stupino in Russia to DMCC in Dubai,&nbsp;<a href=\"https:\/\/www.investmentmonitor.ai\/costa-rica\/coyol-free-zone-protected-thrived-during-covid-19\">Coyol<\/a>&nbsp;in Costa Rica to Atlantis in South Africa, successful zones are investing in industry infrastructure such as joint production facilities, shared tech hubs, co-working spaces and clean labs for pharmaceutical research and development. Zone leaders can&nbsp;facilitate economical ways for companies to share assets and facilities&nbsp;and reduce their cost burden. As one example, Fox advocated for allowing companies to share their tenancies, thereby enabling them to lease or buy sufficient space to meet their long-term growth needs, known as \u2018future-proofing\u2019, while sub-leasing to other tenants in the short term to manage costs. There was a common view among the discussion participants that there are plenty of clever ways to create shared facilities without incurring large investment \u2013 this is where SEZ leaders need to get creative.<\/p>\n\n\n\n<p>On a global stage where every economic zone talks about location, infrastructure and trade routes, it is difficult to convey compelling differentiation. The experienced zone leaders agreed that the five strategies discussed have significantly impacted their zone\u2019s growth.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.investmentmonitor.ai\/insights\/sez-leaders-strategies-barcelona-stand-out\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p><small> 4 minutos<\/small> Why do some&nbsp;economic zones&nbsp;significantly&nbsp;outperform others&nbsp;despite sharing many common attributes? This is the key question for zone leaders. Some surprising recommendations emerged when former executive director of the seven-times winner of fDi Global Free Zone of the Year DMCC,&nbsp;Krysta Fox&nbsp;(now director, operations,&nbsp;Economic Zones Development Alliance [EZDA]) pondered this question along with&nbsp;Ekaterina Evdokimova, managing partner and co-founder of Russian&nbsp;SEZ Stupino Quadrat; CEO of&nbsp;Rezekne SEZ&nbsp;in Latvia&nbsp;Krista Freiberga; and&nbsp;EZDA&nbsp;director of investment&nbsp;Zo\u00eb Harries&nbsp;in a panel session during&nbsp;Barcelona New Economy Week&nbsp;in October 2021. Firstly, Harries, who has&nbsp;supported the <a href=\"https:\/\/www.abrazpe.org.br\/index.php\/2022\/01\/30\/five-unexpected-strategies-for-high-performing-sezs-to-adopt\/\" class=\"more-link\"><span>Continue lendo<\/span>\u2192<\/a><\/p>\n","protected":false},"author":4,"featured_media":4661,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["entry","author-adm_hb2018","post-4660","post","type-post","status-publish","format-standard","has-post-thumbnail","category-noticias"],"_links":{"self":[{"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/posts\/4660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/comments?post=4660"}],"version-history":[{"count":1,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/posts\/4660\/revisions"}],"predecessor-version":[{"id":4662,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/posts\/4660\/revisions\/4662"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/media\/4661"}],"wp:attachment":[{"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/media?parent=4660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/categories?post=4660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/tags?post=4660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}