DAFZA Unveils Prime Investment Opportunities for Aviation Industry Leaders at Dubai Airshow 2017
The Dubai Airport Freezone Authority (DAFZA) has actually confirmed its participation in Dubai Airshow 2017 as part of its strategy of sustaining the leadership's vision of progressing financial diversity and boosting the flow of Foreign Direct Investment (FDI) to the UAE and Dubai right into the aeronautics, aerospace and electronics sectors.
DAFZA has taken a number of actions to provide a strategic platform for pioneering business to develop their business Middle East and North Africa (MENA) region where international companies make up 38 percent of the complete variety of firms associated with air travel and relevant areas, while American and European firms represent 47 per cent. GCC and Middle Eastern firms, on the other hand, made up 39 per cent.
The growth of the aviation market in DAFZA is a key sign of its contribution to the inflow of foreign investment and development of Dubai's GDP. The aviation industry make up 8 per cent of the companies running in DAFZA, occupies 10 per cent of the space and 17 percent of the employees in the Freezone. DAFZA additionally pays unique attention to the air travel market in regards to development programs and events, a recent one was the 'Boarding to Success' forum, which united several air travel companies in DAFZA and representatives of federal government firms in the aviation industry to display the current developments and challenges facing the global aviation industry and ways to boost the investor experience in Dubai. DAFZA has additionally organized a series of campaigns and workshops on the future of the aviation field, which are based on teamwork between professionals and leaders of this field, most significantly a workshop on innovation and business development for tiny and moderate enterprises that was kept in collaboration with Booz Allen Hamilton.
DAFZA also organizes GE Middle East Aviation Technology Facility, which increases information analysis, bandwidth performance and software abilities to include efficiency and reduce downtime for customers making use of GE's commercial Internet platform 'Predix,' a software platform based upon cloud computer innovation, targeting all GE's commercial Internet applications.
DAFZA's stand at Dubai Airshow 2017 supplies a unique opportunity for individuals and visitors to find out about its large range of diverse and innovative services - both brand-new and updated - which have actually made DAFZA an introducing Freezone that exceeds assumptions in regards to sophisticated modern technology and significant offerings that make certain the best experiences for foreign investors.
DAFZA will certainly showcase key systems and applications along with its latest jobs and methods that remain in line with Smart Dubai 2021's strategy, and the digital transformation initiatives introduced in October consisting of Customer Partnership Administration System, Blockchain, Office on cloud, and various other initiatives and centers that have actually favorably affected consumer fulfillment and attracted even more investors and entrepreneurs. These have actually helped advanced the development of the air travel, aerospace and related electronic devices sectors in the emirate.
Amna Lootah, Assistant Director General - Money, Commercial & Customer connections Division Foster of DAFZA Innovation & Future Unit, stated: "The aeronautics field is a key vehicle driver of the economic situation of Dubai and the UAE in general. It has actually acquired significant success and made significant success in an extremely short period of time, in terms of facilities, smart services and air freight industry. Aeronautics is a calculated column of the local and national financial structures, uploading the greatest growth prices worldwide, influenced by the wise vision of our management and driven by an incorporated team carefully working to accomplish this vision."
Amna Lootah highlighted the value of DAFZA's engagement in the Dubai Airshow 2017 as a perfect action to improving straight communication with current and potential partners. Aviation is one of the key markets within DAFZA and among those who have the largest share of overall foreign financial investments, international business and international companies.
Amna Lootah included: "Dubai has constantly been a leader in its commitment to the directives of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, who relies on the relevance of the aeronautics sector as a key chauffeur of the region's extensive advancement and an effective device for reinforcing the role of the UAE as a bridge for connecting individuals internationally. DAFZA is working tirelessly to give the very best competitive advantages to attract even more international investments and make the air travel field a vital driver of Dubai's sustainable economic growth."
DAFZA is organizing a 2017 Dubai Airshow Breakfast in cooperation with the American Business Council in Dubai and the American Chamber of Commerce (AmCham Abu Dhabi) the trade mark of American Business Group - Abu Dhabi. The occasion will certainly offer a prominent conference point for senior United States army officials, Chief executive officers and workers of the US protection and aerospace markets along with mediators and program participants. This sponsorship becomes part of DAFZA's continuous initiatives to draw in foreign capitalists and combine financial relations with the United States business community that have grown more powerful over the past 20 years, as shown by the growing variety of United States firms suited by DAFZA in 2016.
DAFZA currently hosts some of the greatest and most noticeable aeronautics companies - consisting of Airplane, Boeing, General Electric, Rolls-Royce, and Bombardier, to name a few. Taking into account the growth of the industry in the region, DAFZA's participation in the Dubai Airshow will serve as a method to settle the Freezone's duty as an energetic partner in boosting the aviation industry's financial payment which is estimated at AED 169 billion (USD 46 billion) or around 15 per cent of the UAE's GDP. The sectors contribution in Dubais GDP alone currently stands at 28 per cent and is expected to reach AED 195 billion (USD 53 billion) by 2020.
