Companies based in free zones are eight times as productive as those in Dubai Main, officials reveal at Jafza’s Business Associates Seminar
DUBAI, United Arab Emirates, - Tuesday, December 27th 2011 [ME NewsWire]
Almost 200 Business Associates of Jafza were recognised for their contributions towards the Free Zone’s growth at a specially hosted Business Associates Seminar recently.
Long-standing associates of Jafza such as legal consultants, foreign trade organisations, consulates, embassies and overseas representatives, who have endorsed and promoted Jafza among prospective investors over the years and continue to be vital to its success, attended the event.
Welcoming the attendees, Talal Al Hashimi, Managing Director of Economic Zones World, UAE Region, the parent organisation of Jafza, stated that free zones in UAE and Dubai were very productive and had spurred the growth of special industrialised sectors in the country and had contributed towards building the nation into a knowledge-based economy. He said: “A recent Government survey that Jafza was involved with has revealed that companies based in free zones are eight times as productive as those in the rest of Dubai. The study explains and endorses the continued growth and success of Jafza based companies and the free zone as such. Year on year Jafza continues to channel billions into the local economy playing a key role as a catalyst for economic and trade development of the Emirate and the country. Today it accounts for more than 21% of Dubai’s GDP, and 7.7% of the UAE’s GDP.”
Ibrahim Mohammed Al Janahi, Jafza Deputy CEO and Chief Commercial Officer of EZW UAE region, said: “To help us sustain such growth, we have been fortunate to have a dynamic group of business associates that has helped us seize opportunities and enjoy our current position as the de-facto logistics hub of the region. We take this opportunity to thank them and reiterate that we at Jafza remain focussed on the business interests of our customers, and will continue to provide our trademark high-quality investment offerings to our growing clientele.”
Adil Al Zarooni, Senior Vice President Global Sales, in his presentation briefed attendees on Jafza’s distinctive performance over the last couple of years, the new developments and business prospects.
As part of the proceedings, officials from Customer Service, Commercial Sales, Legal and Engineering and Project Management departments addressed queries of attending associates.
Senior officials from Jafza thanked attendees individually for their continuous support and involvement in the growth of the company and towards the end of the event, felicitated top associates for their distinguished contribution towards the impressive growth in the last year.
-Ends-
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