Jafza seeks to strengthen bilateral business ties with Taiwan
WAM DUBAI, 24th September, 2013 (WAM) -- Jafza has attracted strong interest from the Taiwanese business community at two recently held business seminars in Taiwan. Both seminars were organized jointly by Jafza and Taiwan External Trade Development Council (TETRA). The first seminar was held at Taipei, the political capital and a leading economic centre of the country, while the second seminar was held at Kaoxiung, a top industrial hub in southern Taiwan. More than 100 leading Taiwanese businesses representing different business sectors right from electronics to construction, attended the two seminars. A large number of Taiwanese companies at the seminar have shown their keen interest in opening a facility in Jafza to explore and serve the Middle East region.
The Jafza team was led by Adil Al Zarooni, Senior Vice President, Jafza Sales and comprised Khalid Ahmed Al Marzooqi, Senior Manager and Jeffrey XLYU, executive, Asia Pacific region.
Al Zarooni, speaking at the seminar, said, "Jafza - Taiwan bilateral trade is estimated to have grown over 125% in the last three years to cross USD 740 million in 2012. For an export driven industrial country like Taiwan, the trade volume has the potential to grow in multiples.
"The Middle East, which Jafza serves as a business hub, ranks among the world's fastest growing regions. Huge investments are being made in the countries in the region to build infrastructure that allows them to become less dependent on oil income. The increased focus of the region on developing infrastructure and economic diversification offers huge business prospects for Taiwanese investors. Through these seminars, we want to invite Taiwanese businesses to base their operations in Jafza and capitalize on existing, as well as emerging opportunities in the region." The UAE is home to over 50 Taiwanese companies, almost one third of which are located in Jafza. Jafza also accounts for more than half of Taiwanese non-oil exports to the UAE. Most of the Taiwanese exports to Jafza are meant for re-export to different countries in the region.