Taiwan’s Vice Minister of Economic Affairs visit Jafza
A 16-member high power delegation from Taiwan led by HE Shi-Chao Cho, the Vice Minister of Economic Affairs and comprising the Director General, Department of International Cooperation; Dy. Director General, Bureau of Foreign Trade; Dy. Director General, Department of West Asian and African Affairs, Executive Director, Taiwan External Trade Development Council (TETRA); Executive Secretary, Bureau of Energy; Secretary, Office of Vice Minister; Economic Secretary, Bureau of Foreign Trade, Ministry of Economic Affairs (MOEA); Chairman, Chinese International Economic Cooperation Association; Dy. Director General, International Division, Institute for Information Industry; Executive Director, Importers and Exporters Association of Taipei; Managing Supervisor, Middle East Business Association; Vice President & General Manager, the Export – Import Bank of Republic of China; General Manager, CICT Corporation, Qatar; Dy. Manager, Sinotech Engineering Consultants Inc. and Specialist, Chinese International Economic Cooperation Association, visited Jafza recently. The delegation was accompanied by senior officials of TETRA in Dubai, Director Economic Div. of Taiwan in KSA and the Manager, MOEA. The delegation sought to explore opportunities to further strengthen bilateral trade and investment relations with the free zone.
The delegation was received by Ibrahim Mohamed Al Janahi, Deputy CEO of Jafza and Chief Commercial Officer of Economic Zones World (EZW), the parent company of Jafza, at the free zone.
The Taiwanese delegation and Jafza officials had a detailed meeting to find new avenues to further enhance commercial ties and cooperation between the two sides.
Ibrahim Mohamed Al Janahi in his welcome note said, “Jafza and Taiwan enjoy robust bilateral trade and commercial relations. We need to further strengthen this bond. Jafza is the trade and logistics hub for the greater Middle East region comprising West Asia, Africa, the CIS and Indian Subcontinent, which is today one of the fastest growing regions in the world. Huge investments are being made in most of the Middle Eastern countries in developing their economic infrastructure. This provides great opportunities to Taiwanese businesses engaged in construction and other infrastructure development related sectors, which covers practically the entire spectrum of businesses right from the information technology to electronics. We invite Taiwanese businesses to come to Jafza to capitalize on the existing and emerging opportunities in the region.”
Al Janahi spoke about the UAE’s bid to bring World Expo 2020 to Dubai and the massive boost the event will provide to economic activities in the UAE and the region and the consequent opportunities to Taiwanese investors.
“Jafza is currently home to over 7,000 world’s finest companies, which includes more than 120 Global Fortune 500 enterprises. These companies cater to the entire Middle East region from their respective regional headquarters in Jafza,” he further added.
Aljanahi briefed the delegation about the Jafza facilities, services and other free zone value propositions. The delegates were subsequently taken on a tour to show them the Jafza infrastructure and facilities including the visit to the Jebel Ali Port facilities.
Jafza is currently home to 15 leading Taiwanese companies which includes multi-nationals like Acer, Senora, Viewsonic, and CTX among others. UAE is home to over 50 Taiwanese companies and almost one third of them are located in Jafza. Jafza also accounts for more than half of Taiwanese non-oil exports to the UAE. Most of the Taiwanese exports to Jafza are meant for re-export to different countries in the region.