Arab Today, arab today jafza registers 52 automotive aeronautics companies in 2015
Last Updated : GMT 02:33:19
Arab Today, arab today
Arab Today, arab today

Jafza registers 52 Automotive, Aeronautics Companies in 2015

Arab Today, arab today

Arab Today, arab today Jafza registers 52 Automotive, Aeronautics Companies in 2015

Jebel Ali Free Zone
Dubai - WAM

Jebel Ali Free Zone (Jafza) registered 52 new companies in the automotive and aeronautics industry, bringing the total number to more than 435 companies from 60 countries. Trade volume from 2010 to 2014 also rose by almost 80 per cent.

Jafza, the flagship free zone entity of Dubai and the trade and logistics hub for the wider Middle East region, organised a forum for its customers from the Automotive and Aeronautics Industry. The Forum was attended by senior officials from leading companies in this sector, Jafza management and Free Zone partners.

Sultan Ahmed Bin Sulayem, CEO & Chairman of DP World and Chairman of Ports, Customs and Free Zone Corporation said that Automotive & Aeronautics sector continued growth reflects the Free Zone's strength as a regional and global hub for the Automotive sector. Evolution of Jafza as one of the leading free zones in the world is attributed to the guidelines provided by Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, that focused on "growth driven by creativity and innovation."

He further added that Dubai Ports, Customs and Free Zone fully support Automotive & Aeronautics sector through their focused facilities and services. The sector plays an important role in enabling economy to achieve sustained growth.

Bin Sulayem said, "The Middle East region is one of the fastest growing markets in the world for the automotive sector. Jafza , as a trade and logistics centre, provides easier access to key markets in the region serving more than 2 billion people, including those with higher income.

He attributed this growth to UAE's economic stability and other major development projects that are expected to be implemented in the coming years. These initiatives are in line with the directives from the UAE's leadership to diversify the economy to non-oil sector and prepare for a post-oil period.

Bin Sulayem added that, the increase of auto sales in the region was due to a rise in the population of the region, new models of various brands and the financial ability to purchase cars with support from the banking sector here.

He revealed that, of the auto sector based in Jafza , 19 per cent were European companies led by Britain and Germany while 21 per cent represented Asian companies mainly from Japan and Korea.

The Customer Forum was attended by senior officials from leading auto companies, senior Jafza management and Free Zone partner entities.

Asim Al Abbasi, EZW Chief Financial Officer, stressed on the importance of this sector as a key pillar in the Free Zone and said, "We need to seize the opportunities of this sector at the regional and local levels, especially after the Business Monitor International report's optimistic outlook for the growth of this sector in the UAE where the total projected sales by 2019 is up to about 508 thousand units with an annual growth rate of 5.6 per cent, 5.1 per cent and 4.7 per cent during 2017, 2018 and 2019, respectively."

The Forum discussed the future of hybrid and electric vehicles, the purchase of such cars by the local population as well as the government's commitment on using clean and renewable energy while reducing carbon emissions and conserving natural resources for future generation.

It was unanimously agreed that the hybrid cars were receiving widespread acceptance and hence are achieving substantial growth due to the introduction of several models of hybrid cars. The companies foresee intense competition in the hybrid car sector, especially since many companies have realised its importance. They are investing heavily research and development, conducting tests and adding new technology, especially attractive machines to suite the weather in the UAE.

Jafza is already on the road to sustainable energy, provided chargers for electric vehicles in the Free Zone to encourage customers and employees to choose environmentally friendly cars instead of the traditional vehicles.

The companies agreed on the need to open up access to the African markets to capitalise on growing opportunities in the region and increase the value of exports. The UAE is a key link between manufacturers and importers in Asia, Africa and Europe owing to the geographical proximity and logistics facilities. The country's logistics infrastructure comprising seaports, airports and road network compound its leading position in this sector. UAE ranks first regionally and second globally in the re-export of auto parts and accessories.

The customer forum is a dialogic platform where senior Jafza management and partner entities came together to address customers' concerns in their daily transactions and to brainstorm the future directions for the automotive industry, aeronautics and related industries.

Jafza officials presented some of the most important initiatives undertaken by the Free Zone, especially the upgrade to infrastructure and the construction of additional facilities and warehouses that are in high demand.

The Forum was attended by numerous leading companies notably; Mercedes, Mitsubishi, GMC, Audi, IZuZu, Ghassan Aboud, Volkwagon, UTS Aeronautic System and FP Aeronautics ME along with senior management of Jafza and representatives of DP World, Dubai Customs, Dubai Chamber, Trakhees, Dubai Exports, and the Port and Free Zone Security and a number of Jafza strategic partners who answered all the customer queries.

Source:WAM

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today jafza registers 52 automotive aeronautics companies in 2015 Arab Today, arab today jafza registers 52 automotive aeronautics companies in 2015

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today jafza registers 52 automotive aeronautics companies in 2015 Arab Today, arab today jafza registers 52 automotive aeronautics companies in 2015

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:02 2017 Sunday ,24 September

Harry visits mental health hospital

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday