DAFZA Explores Prospects for Investment Cooperation With German Business Community
UAE-- December 06, 2016 - The Dubai Airport FreeZone Authority (DAFZA) has confirmed its intention to explore new opportunities for enhancing financial, industrial and investment ties with Germany capitalists. This drops under an ambitious advertising strategy aimed at presenting the affordable benefits of the Freezone to the global business community and bring in direct international financial investments to further press national financial development ahead and sustain Dubai Plan 2021 which seeks to make Dubai a major center within the global economic climate. This statement comes in line with the growing financial and investment role of Germany within DAFZA; German firms presently top investments originating from Europe to the Freezone, accounting for 11 per cent of DAFZA's leased workplaces and rented industrial zones.
Official statistics expose that German enterprises comprise 21 percent of the overall number of European companies running in DAFZA. They invest mostly in engineering and structure products at 17 per cent, complied with by electronic devices, electrical and telecommunications at 15 percent, and aerospace, air travel and relevant solutions at 13 percent. Engines and devices sector offers 11 percent of German firms financial investments in DAFZA, logistics and freight sector and Vehicles and Automobiles with 8 per cent, 7 per cent for Working as a consultant and Business Growth, 6 per cent for consumer items additionally for food and beverages, and 9 percent comes from the various other sectors.
Amna Rashid Lootah, Assistant Director General of Finance and Commercial division, DAFZA, emphasized the importance of enhancing cooperation in financial investments with pioneers of Germany's business and financial investment community. She emphasized the commitment of DAFZA to tap its sophisticated infrastructure, financial investment centers, smart services and innovative solutions to attract top German names ahead and benefit from the tremendous opportunities in the UAE and the nearby regional markets.
Lootah pointed out that the UAE teems with remarkable investment chances and promising development potential customers that support the aspirations of German entrepreneurs and financiers to establish a strong visibility in the major growth markets of the Middle East, North Africa and South Asia. She said that these possibilities will certainly be enhanced parallel to the UAE's intensive efforts to progress financial diversification additionally by concentrating on innovation and knowledge as the country removals in the direction of a post-oil economic situation.
"We at DAFZA are completely committed to providing an incorporated profile of financial investment advantages that promotes the competition of Dubai as an appealing facility for German firms preferring to increase in the local and regional markets. This is in line with our initiatives to assist expand financial task inning accordance with a lasting model owned by innovation and performance that brings in value-added foreign financial investments to the national economy," included Lootah.
As part of a global marketing plan focused on advertising DAFZA's competitiveness as a website to key markets between East and Africa, the Freezone has actually been conducting a series of successful workshops in Germany over the previous 2 years. DAFZA has also been actively participating in a variety of prominent global exhibits held in Germany, the most notable of which was 'Automechanika Frankfurt 2016,' the leading global business event for the vehicle industry held last September. The event supplied an optimal platform for exchanging industrial and technological knowledge along with assessing readily available chances in DAFZA for German investors to explore.
DAFZA will continue to support German financiers through its vital duty as an ideal trade and business destination and an exceptional portal for increasing to key regional and global markets which are increasingly looking for German services and products characterized by excellent quality, precision, and outstanding performance.
The participation of DAFZA in the latest version of IFA Berlin, the world's leading trade show for customer electronics and home appliances, also drew substantial attention. Numerous major German companies expressed interest in DAFZA's investment motivations and competitive advantages. They were likewise attracted to other aspects such as the Freezone's critical area, tax obligation exception, progressed framework, integrated profile of logistics solutions, advanced centers, and smart solutions. The positive exposure was an important addition to DAFZA's initiatives to motivate even more investments to its hosted electronics and electric base.
A delegation from DAFZA likewise consulted with a group of decision-makers and leaders from Germany's pharmaceutical and clinical tools industries on the sidelines of 'MEDICA 2016,' the most latest edition of world's largest clinical event which was held recently in Dusseldorf, Germany. A series of bilateral conferences reviewed potential customers for reinforcing the visibility of German companies in the Middle East, North Africa and South Asia markets by get the competitive advantages and the investment facilities of among the most innovative complimentary areas in the world.
DAFZA's successful participation in MEDICA 2016 is anticipated to lead to financial and financial investment contracts in support of nationwide efforts to encourage even more innovation within the UAE's pharmaceutical industry. It will certainly additionally advertise the steady development of the local clinical equipment market which is predicted to make AED 4.4 billion Dirhams (USD 1.198 billion) by 2018.
The Freezone additionally recently organized an interactive seminar for a variety of top German business in the food and beverage industry on the sidelines of 'Yummex Middle East,' a leading trade event devoted to the desserts and snacks industry of the Middle East and North Africa region. During the seminar, participants were presented to DAFZA's latest leading investment solutions and services for meeting the existing and arising needs of the food and drink industry, which rates 4th amongst the Freezone's most significant hosted sectors. Food and beverage companies represent 8 per cent of enterprises running in DAFZA.
DAFZA provides a ideal platform for German business to discover the region's arising markets. The Freezone is a recommended regional base for internationally distinguished German brands such as AudiVW, Giesecke & Devrient, Smiths Discovery, TMD Friction, Trilux, VEKA, Kuehne+Nagel, TVRheinland, LufthansaTechnik, HARTMANN, and MANN+HUMMEL.
