Leading Chinese investors visit Jafza
An important Chinese business delegation comprising of 20 businessmen representing diverse business sectors ranging from healthcare, infrastructure, energy to IT, visited Jebel Ali Free Zone (Jafza) to explore business opportunities in the region through the Free Zone.
The delegation led by Lin Huanjohn, Chairman of the Industrial City of China, was received at the Free Zone by Ibrahim Mohamed Al Janahi, Deputy CEO and Chief Commercial Officer, and Khalid Al Marzooqi, Senior Manager – Asia Pacific region. In his welcome note Al Janahi expressed his thanks for the delegation’s keen interest and their desire to use the Free Zone as their base to explore and take advantage of the huge opportunities in the region.
Al Janahi briefed them on the Free Zone’s world-class infrastructure, products, services, the multi-modal connectivity it offers and, above all, its highly personalized growth-driven business environment that has made Jafza the trade and logistics hub for the Middle East region comprising South and West Asia, Africa and the CIS.
He said: “Huge investments by countries in the Middle East offer massive opportunities for businesses engaged in not only infrastructure development but also other manufacturing sectors that are directly impacted by the economic development, for Chinese investors, who are known for their drive and pragmatism.
“Jafza is currently home to more than 170 Chinese companies. Approximately 60 percent of these companies deal in oil & gas sector, while the remaining are divided among electronics, electrical, heavy machinery and infrastructure sectors. In the last 5 years the number of Chinese companies in the Free Zone has seen more than 135% growth.
“We would like to attract more Chinese companies to the Free Zone particularly after winning the right to host Expo in 2020, which opens more opportunities for investors.”
Al Janahi also briefed the delegates on Jafza’s latest projects and initiatives, most notably the establishments of two Halal Zones and the initiative “Matajircom” the world’s first purpose-built smart retail hub.
Lin Huanjohn speaking on the occasion said: “We are deeply impressed with the remarkable achievements of Jafza that has successfully positioned Jafza as the business hub to serve the entire region. I consider this to be the right place to be in for the companies who wish to take advantage of highly attractive business opportunities in this rapidly growing region.”
China is the UAE’s one of the top trading partners. The bilateral trade between the two countries has grown by 14.38% in 2013 to reach $46.26 billion.
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Mr Var Prasad Rao (Corporate Editor)