Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Chinese firms keen to set up base of operations in Dubai  Join our daily free Newsletter

MENAFN - Khaleej Times - 23/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Chinese companies have expressed their keen interest in setting up their base of operations in Dubai, according to a top official of Jafza.

Deputy chief executive and chief commercial officer Jafza and Economic Zones World Ibrahim Mohamed Al Janahi said a number of Chinese companies are willing to set up their base of operations, specifically at Jafza and Technopark.

"China is a key trading partner of Dubai, and is Jafza's largest trading partner. Jafza and Chinese companies enjoy a very strong bond, which will be further strengthened as a result of our recent meetings," he said.

Al Janahi was leading talks as the head of a Jafza delegation to Shanghai, which also participated in Automechanika Shanghai 2013 last week. The Jafza delegation also included Khalid Ahmed Al Marzooqi, senior manager for the Asia-Pacific region; Saood Al Khloofi, manager for the MEA region; and Jeffery Xl Yu, executive for the Asia-Pacific region, Jafza sales.

The Jafza team also visited a number of major Chinese industrial units, and met the officials at the Shanghai Free Zone and held successful talks on mutual cooperation and investment opportunities.

"Trade between the UAE and China has seen constant growth in the past years, with approximately 60 per cent of China's total trade passing through the UAE for re-export. In 2013, total UAE-China trade is expected to be around 42 billion to 43 billion," Al Janahi said.

He also briefed Chinese investors on the investment opportunities and the facilities available at Technopark, as well as its value proposition.

There are more than 170 major Chinese companies operating in the free zone in various sectors. Jafza-China trade at 11 billion in 2012 is roughly 14 per cent of Jafza's total trade of 82 billion last year.

Speaking about Jafza's participation in Automechanika Shanghai, Al Marzooqi said the Chinese car spare parts market is one of the largest in the world with an average growth rate of approximately 23 per cent year on year.

"There was tremendous interest in Jafza at the exhibition, and we met with over 250 companies during the four days."

"Jafza's unsurpassed logistics infrastructure, coupled with the location and access to a market of over two billion people in the greater Mena region, is one of the key reasons companies from all around the world are interested in Dubai," he said.

Automechanika Shanghai is Asia's largest show for auto parts, accessories, equipment and services. Over 90 per cent of the companies in the show were of Chinese origin, and Jafza had the distinct privilege of representing both Dubai and the UAE, being the only UAE government organisation exhibiting. Jafza also promoted Dubai's status as the Host City for World Expo 2020 and highlighted the economic boost that Expo 2020 will provide to Jafza companies, Dubai and the region.

Jafza is currently home to more than 500 automotive companies which includes global names such as Honda, Nissan, Ford, GM, Daimler & Chrysler, Caterpillar, Mobis and Schaeffler, among others. The sector in Jafza generated trade worth 4.2 billion in 2012. In the last 10 years, the number of firms in the sector has grown seven-fold. There are more than 7,100 of the world's finest companies operating out of Jafza. These companies cater to the entire Middle East region from their respective regional headquarters in the free zone.

 


Khaleej Times




  MENA News Headlines
 Nov 23 2014 - GCC Undersecretaries of Social Affairs Meet in KuwaitQatar News Agency
(MENAFN - QNA) The 36th meeting of the GCC Undersecretaries of Social Affairs opened in Kuwait Sunday. The meeting will focus on several topics related to social welfare and social care ...

 Nov 23 2014 - Qatar- Carnegie Mellon Software Makes Programming Easy for StudentsQatar News Agency
(MENAFN - QNA) A 3-D interactive animation software is helping school students here learn basic computer programming and how to apply logical thinking and problem-solving techniques. Carnegie ...

 Nov 23 2014 - 350 Trucks Enter Gaza StripQatar News Agency
(MENAFN - QNA) Head the Coordination Committee for entry of goods in the Gaza Strip Raed Fattouh said that the Israeli occupation will allow the entry of 350 truckloads through the Karam Abu Salem ...

 Nov 23 2014 - Qatar- HE Minister of State for Defense Affairs Returns to DohaQatar News Agency
(MENAFN - QNA) HE the Minister of State for Defense Affairs Major General Hamad bin Ali Al Attiyah and his accompanying delegation returned to Doha on Sunday after several days official mission to ...

 Nov 23 2014 - UAE- Stenson scorches Jumeirahs Earth course for 2-shot leadArab News
(MENAFN - Arab News) DUBAI: Henrik Stenson continued his amazing dominance at the Earth course of Jumeirah Golf Estates as his 11th consecutive round in the 60s gave him a two-shot lead halfway ...

 Nov 23 2014 - Saudi- Shabab militants execute 28 on Kenya busArab News
(MENAFN - Arab News) GARISSA Kenya: Somalia's Shabab Islamists on Saturday ambushed a bus in Kenya and executed 28 non-Muslim passengers in what they said was revenge for police raids on mosques in ...

 Nov 23 2014 - Saudi- Package from Florida State shooter found in TexasArab News
(MENAFN - Arab News) TALLAHASSEE Florida: A law enforcement official says a package mailed by a man who shot three people at a Florida State University library was delivered in Texas and is being ...

 Nov 23 2014 - French militants call for attacks on their homelandArab News
(MENAFN - Arab News) PARIS: A horrified France was grappling with a new reality on Thursday in which hundreds of its citizens are openly joining jihadist groups and directly calling for attacks on ...

 Nov 23 2014 - Saudi- 24 feared dead as bus plunges into Nepal riverArab News
(MENAFN - Arab News) Katmandu: A bus plunged into a deep fast-flowing river in western Nepal on Thursday with at least 24 passengers feared dead officials said.Divers were desperately searching for ...

 Nov 23 2014 - Saudi- Korean ferry operator chief sentenced to 10 years in jailArab News
(MENAFN - Arab News) SEOUL: A South Korean court on Thursday sentenced the head of the company that operated a ferry which capsized in April to 10 years in jail over his role in the country's worst ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help