Jun 19 2011 |
more articles from
|
Jafza machine trade volumes up at Dh115b
DUBAI -- Trade volumes generated by the machinery and equipment sector at Jafza almost doubled to Dh115 billion during the last five years, compared to Dh59 billion in 2005, according to the free zone.The industry within Jafza is made up of 1,219 companies, and represents 20 per cent of the total number of companies operating in Jafza . According to the latest figures available, trade generated by companies in this sector made up half of Jafza 's total non-oil trade during 2010.
"The machinery and equipment manufacturing sector has demonstrated steady growth in the last five years. The sector has traditionally been important for Jafza since the free zone was established 26 years ago. With significant investments in top of the line infrastructure facilities and services, Jafza has consistently nurtured the growth of the industry over the years," Economic Zones World ( EZW ) UAE Region Managing Director Talal Al Hashimi said.
He was speaking to industry leaders at Jafza 's Strategic Customer Forum focused on customers in the heavy equipment and manufacturing sector. The forum was recently held at Jafza premises, as part of a series of events initiated to accelerate communication with key clients in various industries.
The attendees discussed rising industry costs, immigration policies, federal rules and regulations and ways to enhance operational efficiency.
A recently released Saudi American Bank Group study expects GCC economies to grow seven per cent in 2011, led by 5.7 per cent in the Kingdom of Saudi Arabia and 4-4.5 per cent in the UAE and Kuwait. A large part of the growth is to come from the infrastructure and industrial sectors.
According to a recent report by MEED, more than $300 billion worth of major projects are to be awarded across the Middle East through 2012. The projects are under construction or in bidding across the industrial, commercial, hospitality, residential and retail segments. These new projects are going to be key drivers of growth in the machinery and equipment sector in the region.
The Strategic Customer Forum was the fourth in a series of industry events initiated by Jafza . The first three forums were held for clients in the logistics, chemical, oil and gas, and automotive sectors.
© Khaleej Times 2011
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment