Jafza management team meets with Chinese business leaders to enhance bilateral ties

Dubai, United Arab Emirates - Tuesday, May 3rd 2011 [ME NewsWire]

As part of its plan to strengthen strategic communication with its clientele in various sectors, Jafza held a Networking event for its top Chinese businesses based in the free zone. The networking event aimed at identifying areas where Jafza and Chinese companies could work together to enhance bilateral economic ties.

Chinese Ambassador to the UAE, HE Gao Yusheng and Consul General HE Zhan Jingbao also attended the event and held talks with Jafza officials to explore closer cooperation and initiatives to strengthen commercial relations. The visit reaffirmed the strong ties Dubai has with China and highlighted the importance of ongoing cooperation between the countries to increase the level of global investments.

Jafza customers present included major players such as China National Petroleum Corporation Middle East, China Railway Engineering Middle East, Haier, China’s largest home appliance brand and one of the world’s leading white goods home appliance manufacturers; SANY Chinese manufacturer of construction machinery; XGMA, largest construction machinery manufacturing base in China, Great Wall Motor, China National Building Material, Liugong, Zoomlion and China Ocean Shipping (COSCO).

Senior officials including Mrs. Salma Hareb, CEO, Economic Zones World, the parent company of Jafza, Talal Al Hashemi, Managing Director, EZW-UAE Region and Ibrahim Mohamed Al Janahi, Deputy CEO Jafza and Chief Commercial Officer welcomed the Ambassador; the Consul General and the businessmen, highlighting the potential to increase mutual cooperation between the countries.

In recent years, Chinese companies have increased their presence in the UAE taking active part in infrastructure and energy projects in the country and region. China is also one of Dubai’s largest trade partners. According to Dubai World’s Statistics Department, the overall trade between the Dubai and China was valued at AED 46 billion in 2010, up 7% from the previous year. Imports stood at AED 44.5 billion while exports and re-exports were AED 468 million and AED 1.05 billion respectively.

Jafza officials also briefed the dignitaries on Jafza’s new developments in services and infrastructure facilities and its continuing role as an important contributor to the local economy.

Ibrahim Mohamed Al Janahi said: “The free zone is already home to some prominent Chinese businesses, 150 companies in all and Jafza looks forward to seeing this number grow. The Chinese businesses have been very active in exploring further investment areas with Jafza. The free zone has emerged as an important commercial gateway for them and we are confident that our unmatched environment, facilities and services are the right solution for more companies looking to broaden their horizons in the Middle East.”
Contacts

Media contact:

Adeti Changulani,

Hasaad Communications

+971 50 429 5576

adeti.changulani@hasaad.ae