UAE: Jafza-Malaysia Trade records yearly growth of 29% in the last ten years

WAM Dubai¬† — The bilateral trade between Jafza (Jebel Ali Free Zone) and Malaysia saw an average yearly growth of 29% in the last 10 years. In 2010 the bilateral trade witnessed a sharp increase of 52% to reach Dhs6.5bn. Jafza trade with ASEAN during the same period saw a yearly growth of more than 26% to reach Dhs16.44bn.

The impressive growth in bilateral trade numbers was highlighted by Ibrahim Aljanahi, Deputy CEO of Jafza at the recently held Jafza Investor Seminar held at the Malaysia International Halal 2012 Showcase (MIHAS) in Malaysia. MIHAS is one of the leading industry events on food and non-food Halal products in the world.

The seminar was a major success. It attracted more than 100 investors from the South East Asia region along with the region’s leading representatives from print and visual media.

The attendees included Nasser Salman Al Aboodi, UAE Ambassador in Malaysia, Dato Mukhriz Tun Mahathir, Deputy Minister, Ministry of International Trade and Industry, Malaysia, MIHAS CEO Mohammed Shukri Abdullah and senior Jafza officials including Ibrahim Aljanahi, Deputy CEO of Jafza, Adil Al Zarooni, Senior Vice President, Khalid Al Marzooqi, Regional Manager Asia Pacific and Wan Hafiqah, Dy. CEO of Nexus Group, Jafza Representative in Malaysia.

Aljanahi announced at the seminar that Jafza plan to set-up an incubation centre in the free zone to encourage Small and Medium Enterprises from Malaysia and other countries from the region to set up their operations with minimum investment in Jafza to explore business opportunities in the region.

The seminar was a huge success and evoked strong interest among the investors from the region not only in the food but other sectors as well.

The Investment Seminar was part of Jafza’s high level participation at the MIHAS. Jafza showcased its multiple value-added business-friendly suites of offerings for the first time at this leading industry event.

A large number of business visitors that included manufacturers and suppliers of products, technologies and equipment of food and non-food halal products from the region visited Jafza booth at the event and showed their keen interest in setting-up their businesses in Jafza to expand their operations into the region.