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in Jafza include China National
Petroleum Corporation, China National Building Material Group, Baosteel, SAIC Corporation, Noble
Corporation and N-Steel China.
It is also noteworthy that Jafza
hosts more than 7,000 renowned
global businesses, including 100
Fortune 500 companies that provide their services with high efficiency to the region’s markets.
DAFZA’S UK SEMINARS
SHOWCASE PROSPECTS
OF INVESTMENT AND
STRENGTHENS TIES
BETWEEN DUBAI AND
BRITISH BUSINESS
COMMUNITY
and Glasgow and aimed at attracting more foreign investment
from the British business community. Among the key markets
targeted by the seminars were
Software and IT Services, Industrial Machinery, Consumer Products, Textiles, Communications,
Transportation, Metals, Food,
delegation from Dubai Airport and Electronic Components.
Freezone Authority (DAFZA)
has recently conducted a series The DAFZA delegates shared
of seminars for potential inves- that a huge number of British
tors in the United Kingdom, which companies involved in nearly
already accounts for 24 percent 20 industries currently operate
of Europe’s total investments in within DAFZA, with a remarkable
DAFZA. The delegation which was number of MNCs. They referred
led by Mr. Jamal Bin Marghoob, to the Freezone’s mutually benDirector for Marketing and Corpo- eficial partnerships with major
rate Communication DAFZA, ad- British brands such as Yardley,
dressed those who are interested Richard Mille, Serco, Dover, Murin doing business with Dubai and phy, Thomas & Betts, Hospira,
MENA region and raised aware- and Champion Laboratories, Inc.
ness on DAFZA’s leading business
solutions, incentives and its role in The UAE and the UK maintain
Dubai’s economy during their stay. strong trade, economic and cultural relations. Last year, their biThe seminars marked part of lateral flow stood at AED 63 billion.
strengthen the collaboration There are currently around 5,000
between DAFZA and the Brit- British businesses operating in the
ish Chambers of Commerce UAE, which represents the UK’s
and were held in Norfolk, Suf- 12 largest trading partner. More
folk, Worcestershire, Manchester than 100,000 British nationals live
A
32
June 2016
and work in the UAE, while over a
million British tourists travel to the
country each year. Thousands
of Emiratis, on the other hand,
regularly visit the UK for tourism or study under the country’s
prestigious academic institutions.
Bin Marghoob said: “Our visit is
an important strategic step towards promoting partnership between DAFZA and the business
community in UK. Our seminars
were excellent platforms for highlighting Dubai as a preferred business destination to the attending
investors, entrepreneurs and government representatives. We also
had the opportunity to share details about DAFZA, our offerings,
and the potential role we can play
in enhancing British business in
the MENA region. Overall, we
achieved our goal of strengthening Dubai’s ties with the British Chambers of Commerce and
the UK’s business community.”
The visit to the UK is an outcome of research conducted
recently by DAFZA to identify its target markets for 2016
as well as the specific indus-