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English definition of “development zone”

development zone

noun [C]
 
 
(also enterprise zone) PROPERTY, ECONOMICS
an area, especially in or near a city, where the government tries to encourage economic development by offering financial advantages to people who start companies, factories, etc. there: Nationwide, almost 4,000 industrial parks and development zones are under construction. → Compare development area, development land
(Definition of development zone from the Cambridge Business English Dictionary © Cambridge University Press)
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