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UAE Freezones Biz News Updates
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Dubai's Jebel Ali Free Zone seeks investments from Indian cos
Dubai's Jebel Ali Free Zone (Jafza), one of the world's leading free zones,
has sought investments from more Indian multinationals into the free zone to
tap huge growth opportunity in the UAE region.
"Jebel Ali Free Zone (Jafza), the flagship free zone entity of Dubai has
concluded a highly successful three-day roadshow in Mumbai to attract more
Indian multinationals into the Free Zone," Jafza Deputy CEO Mohamed Al
Janahi told reporters here.
Jafza expects to attract a significant number of new Indian companies from
the roadshow.
During the roadshow, Jafza officials met more than 100 Indian businesses who
are keen to expand their presence in the Middle East region, Janahi said.
Jafza is currently home to over 800 leading Indian companies, who are
serving all key markets in the region from their regional base in the Free
Zone. The number of Indian companies in the Free Zone in 2014 posted a
growth of 10 per cent.
Sultan Ahmed Bin Sulayem, Chairman of DP World and Ports, Customs and Free
Zone Corporation said, "The evolution of Dubai as a regional trading hub in
1990s provided a major boost to bilateral trade relations between India and
the UAE.
"Today, India is UAE's largest trading partner. Jafza, which is home to more
than 800 top India multinationals, has played a key role in strengthening
trade relations between the two countries."
Commenting on the opportunities for Indian investors, Bin Sulayem further
said, "Most of the countries in the Middle East region are currently focused
on diversifying their economies in order to reduce their dependence on oil.
"These countries are estimated to be spending more than USD 4 trillion in
developing economic infrastructure suitable for nurturing non-oil business
activities.
Dec 9, 2015 |
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Courtesy Business Standard Private Ltd.
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