Construction

Machinery helps JAFZA back to pre-recession levels as auto trade jumps 20% in 2011

Trade in auto spares and accessories, automobile and other type of transports and construction equipment and machinery is at pre-recession levels at the UAE trading hub Jebel Ali Free Zone, says Talal Al Hashimi, managing director, Economic Zones World, UAE Region. Economic Zones World (EZW) is the global developer and operator of economic zones, technology, logistics […]

JAFZA is now a major trading hub for machinery and equipment

JAFZA is now a major trading hub for machinery and equipment

Trade in auto spares and accessories, automobile and other type of transports and construction equipment and machinery is at pre-recession levels at the UAE trading hub Jebel Ali Free Zone, says Talal Al Hashimi, managing director, Economic Zones World, UAE Region.

Economic Zones World (EZW) is the global developer and operator of economic zones, technology, logistics and industrial parks under the Dubai World Group. Al Hashimi revealed trade jumped 20% in 2011 to $4 billion.

“The remarkable growth in the sector underlines the fact that Dubai continues to be the preferred logistics and distribution centre for the automotive industry in the region. The physical and soft infrastructure of Dubai is the magnet for fast supply chain management industry like automotive. EZW through Jafza and Dubai Auto Zone (DAZ) is committed to the development of the auto industry in the region,” said Al Hashimi.

Ibrahim Aljanahi, Deputy CEO Jafza, said that he expects the growth in Jafza to accelerate.

“The growth reflects Jafza business community’s dynamism and pragmatic approach. By crossing 14 billion mark the automotive sector in Jafza has reached pre-recession peak,’ said Aljahni. “The global automotive industry is forecasted to rise 7% in 2012. Since the Middle East is one of the world’s largest importers of automobiles and automotive products I expect this growth to accelerate further in 2012.”

0 0 votes
Article Rating

Comments

Most Popular

To Top
0
Would love your thoughts, please comment.x
()
x