Jebel Ali Free Zone (Jafza), the flagship free zone of Dubai and trade and logistics hub of the wider Middle East region spanning from West Asia, the CIS, Africa and Indian Subcontinent, plans to participate in the upcoming Business Seminar scheduled to be held on May 25 in Riyadh in the Kingdom of Saudi Arabia.
The Business Seminar will be attended by Ministry of Economy and number of other government entities. The seminar organized by Al Tamimi & Company, Dubai-based the largest non-affiliated law firm in the Middle East, aims at highlighting key offerings of Dubai entities to Saudi businesses and investors in order to further increase and strengthen bilateral trade between the two sides. The seminar also highlights opportunities for Saudi investment in several key areas such as manufacturing, agriculture and agricultural products, logistics, construction and hospitality sectors.
Saood AlKhloofi, Manager, Middle East and Africa Region, Jafza sales will give a presentation on Jafza’s key offerings as the region’s trade and logistics hub at the seminar. He will also highlight huge opportunities for Saudi businesses in Jafza to access and serve the wider Middle East region thereby further strengthening trade flow between Saudi Arabia and Jafza.
Dr. Mohamed Al Banna, VP, UAE Region, Jafza Sales, commenting on the Jafza participation in the upcoming Business Seminar in Riyadh, said, “Trade between Jafza and Saudi Arabia has more than doubled in the last five years to reach AED 8 billion in 2013 making the Kingdom Jafza’s largest trade partner and export and re-export destination in the GCC, thanks to the country’s large populace and their growing level of affluence. We hope our participation in this seminar will further strengthen bilateral trade between Dubai and the Kingdom.”
Some of the important Saudi companies operating from Jafza include Amico, Emirates Crown, Abdul Aziz & Saad Almajel, Max Logistics and Atteya Steel. Saudi Deputy Consul General in Dubai visited Jafza recently to further strengthen bilateral trade relations between Saudi Arabia and the Free Zone.