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UAE Freezones Biz News Updates
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Jafza participates in China trade fair
Seeks to attract foreign investment and promote brand globally
Jafza’s trade with China has grown by 150 per cent over the last five years,
reaching Dh37 billion by the end of 2011, up from Dh16 billion in 2006,
according to Talal Al Hashemi, managing director of the EZW (Economic Zones
World), UAE Region.
Jebel Ali Free Zone, part of the Economic Zones World, seeks to attract
foreign direct investment (FDI) into Dubai and the UAE through participation
in the Bauma China 2012 Exhibition, under way in Shanghai from Tuesday to
Friday.
Commenting on Jafza’s participation in the exhibition, Al Hashemi, said:
“Our aim is to attract FDI into Dubai and continue to contribute to the
emirate’s GDP. Currently, EZW contributes over 25 per cent of Dubai’s GDP
and accounts for over 40 per cent of total FDI in the UAE. Exhibitions and
international forums such as these provide the ideal platform to communicate
with global business leaders in the field of machinery, construction
equipment and related industries, whether from China or the rest of the
world.”
Jafza also aims to attract new customers and promote its brand among the
global business community. Jafza representatives will also meet with leading
companies operating in this field and study current industry trends.
There will be an estimated 170,000 visitors this year, up from 155,000
visitors in 2010, traversing through the 230,000 square metre exhibition
area. In 2010, there were over 1,890 exhibitors, of which over 1,150 were
from China, with the rest constituting an international contingent from 37
countries. Roughly 86 per cent of visitors to the previous Bauma exhibition
was from China, the remaining 14 per cent travelling to the show from 171
countries around the world.
The Jafza team is communicating with companies participating in the
exhibition and visitors who are interested in establishing their companies
or opening branches in the Middle East. |
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Courtesy Al Nisr Publishing LLC
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