The bilateral trade between Singapore and Jafza had also been growing at a steady pace. Between 2009 and 2011 the trade had grown more than 16%. Jafza is expecting the two-way trade between the two sides to hit Dhs3.3bn in 2012, posting a net growth of more than 17%.
These numbers were revealed by Jafza during the recently held “Dubai Means Business” seminar in Singapore, which aimed at creating awareness about Dubai and Jafza’s standing as the Middle East region’s unique trade and logistics hub and one of the world’s most favoured investment destinations.
Ibrahim Mohamed Al Janahi, Deputy CEO of Jafza and Chief Commercial Officer of EZW, commenting on the event said:“The Middle East is one of the fastest growing regions in the world. With the GCC and other countries’ focus on building infrastructure and non-oil based revenue generation capabilities, the region offers huge opportunities for Singaporean investors. In view of this, promoting Dubai and Jafza, which are the region’s business hubs, makes huge sense. Jafza as the region’s trade and logistics hub has successfully attracted more than 7,000 of the world’s finest companies, who have established their regional headquarters in the Free Zone. It’s the right place for Singaporean investors who wish to capitalize on the emerging opportunities in the region.”
“UAE is the 2nd largest trading partner of Singapore in the Middle East. The total trade from the UAE into Singapore comprises crude and refined oil, polymers of ethylene, non-monetary gold and aluminium. The total exports from Singapore into UAE include jewelery and telecom equipment. Huge opportunities, therefore, await Singaporean companies in the region in infrastructure, technology and other sectors. We invite Singaporean investors to come to Jafza to reach the entire region from here.”
In his detailed presentation Khalid Al Marzooqi, Regional Manager – Asia Pacific, Jafza Commercial Sales, highlighted Jafza’s outstanding infrastructure, excellent connectivity- by virtue of being located between the region’s two largest logistics enablers – Jebel Ali Port and Al Maktoum International Airport, the most business friendly and customer driven environment at the Free Zone.
Al Marzooqi said: “We have successfully evoked huge interest in Singaporean companies at the seminar who were keen on exploring opportunities through Jafza in the region. A few of them have shown definite interest in setting up their operation in Jafza.”
The seminar was also addressed by Ms. Helene Raudaschi of Indoguna Singapore who is based in Jafza. Raudaschi talked about the business prospects in the region. Indoguna Singapore is one of the world’s leading suppliers of finest food and beverages.
Jafza also had one-to-one meetings with a few manufacturing and service providers.
“Dubai Means Business” seminar was a joint initiative between Singapore Business Federation, Dubai Department of Tourism and Commerce Marketing and Jafza, and was supported by Singapore Chinese Chamber of Commerce & Industry, Singapore Indian Chamber of Commerce & Industry, Singapore Malay Chamber of Commerce & Industry, Singapore International Chamber of Commerce and Singapore Manufacturing Federation.
Saturday, May 4- 2013 @ 13:45 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.