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Over 620 sector companies now part of the free zone
Dubai, United Arab Emirates - Jebel Ali Free Zone (Jafza), Dubai and the UAE's flagship trade and logistics hub for the Middle East region including West Asia, the CIS, Africa and the Indian Subcontinent will be participating in Automechanika Frankfurt 2016 being held at Messe Frankfurt Exhibition from September 13-17 in Germany.
Jafza will be highlighting the Middle East and Africa's rapidly growing automotive markets at the international trade fair for sector parts, equipment and service suppliers. As the Middle East's trade and logistics hub, Jafza seeks to attract more auto industry majors into the Free Zone interested in expanding their presence in the region.
Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World and Chairman of Ports, Customs and Free Zone Corporation, said: "The automotive sector in the Middle East and Africa (MEA) continues to post impressive growth rates with international brands keen to be a part of this success by increasing their footprint across the region. According to Frost & Sullivan "a consulting firm",, total light vehicle sales in the Middle East are estimated to reach 4.4 million by 2020 compared to 3.2 million in 2015. .
"This provides major opportunities for European multinationals in the auto sector and we encourage other majors in Europe to come to Jafza to take advantage. Jafza is the only regional trade and logistics hub in the world which is located between a world-class seaport and an international airport."
Mr. Bin Sulayem added: "The dynamic growth in the sector reflects the bright prospects for the industry over the next few years . The buoyant mood in the auto sector in the GCC and MENA offer long-term growth opportunities to Jafza based companies as well as multinationals who want to capitalise on the world's most attractive auto industry market."
Ibrahim Mohamed Al Janahi, Deputy CEO and Chief Commercial Officer of Jafza, said:
"The automotive sector is one of the most dynamic and innovation driven in Jafza. The free zone is currently home to over 620 automotive companies which includes global names such as Honda, Nissan, Ford, GM, Daimler & Chrysler, Caterplllar, Mobis and Schaeffler among others. Jafza Automotive sector generated trade worth USD 5 billion in 2015."
According to firm Frost & Sullivan,the number of vehicles on the roads in the Middle east and North Africa is forecast to rise to 44.5 million in 2020. This growth is expected to drive demand for parts and accessories with sales in 2020 projected to reach US$17.2 billion compared to $12.98 billion in 2015.
Jafza has organised a special Jafza Pavilion at the event providing Jafza based companies a base to network and get more brand exposure. Leading names already part of the pavilion include Al Shamali Auto Parts, APEX of Gulf, Auto Parts East FZCo, Rolman World, Hella Middle East FZE, Mineral Circles Bearings, KoKoRo Auto Parts FZE, ATS International FZE and Ghassan Aboud General Trading.
Jafza is currently home to over 7000 businesses including more than 100 Global Fortune 500 enterprises.
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About Jebel Ali Free Zone (Jafza)
Jebel Ali Free Zone (Jafza) is one of the world's leading free trade zones. A DP World-owned company, the free zone was created in 1985 to promote trade and support container throughput at the Jebel Ali Port. Today it is one of the largest free zones globally and the region's most efficient logistics hub. Located in Dubai, United Arab Emirates, between the world's most productive container terminal, Jebel Ali Port, and Al Maktoum International Airport, Jafza provides the best in multi-modal connectivity.
Jafza accounts for almost 32% of total FDI (Foreign Direct Investment) flow into the country. The free zone contributes 21% of Dubai's GDP on a yearly basisand it sustains the employment of more than 144,000 people in the United Arab Emirates. In 2015, Jafza generated trade worth USD 87.6 billion.
As the leading business hub between Asia, Europe and Africa, the fastest growing producing and consumer markets globally, with over 30 years' experience, Jafza focuses on long-term customer relationships. Jafza builds alliances with global investors by providing them with world-class infrastructure and support, plus quality-driven value-added services and incentives. Jafza enables its customers to access huge business opportunities in the region with ease and efficiency.
www.jafza.ae | Follow @jafzadubai on Twitter, @jafzadubai on Instagram
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© Press Release 2016
