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28 March 2024

Jafza seeks to attract more Asian auto majors into the Free Zone

Published
By Staff

Jebel Ali Free Zone (Jafza), the flagship free zone operation of Economic Zones World (EZW), will be participating in Automechanika Shanghai 2013, being held at Shanghai New International Expo Centre from December 10-13 in China.

Jafza will be highlighting Middle East’s rapidly growing automotive markets at the international trade fair for automotive parts, equipment and service suppliers. Jafza, as the Middle East region’s trade and logistics hub, seeks to attract more Chinese and other Asian auto industry majors into the Free Zone, who are interested in expanding their presence in the region.

Ibrahim Mohamed Al Janahi, Deputy CEO and Chief Commercial Officer of Jafza, commenting on the Jafza participation in Automechanika  Shanghai 2013 said: “The automotive sector in the GCC and the Middle East is buoyant and growing in double digits. The automotive aftermarket in the region is predicted to hit USD 14.4 billion in 2016. This provides huge opportunities for Asian multinationals in the auto sector in the region. We would like auto industry majors in Asia to come to Jafza to take advantage of the growing opportunities in the region. Jafza is the only regional trade and logistics hub in the world which is located between a world-class seaport and an international airport.”

The automobile sector in the region has grown between 20 and 40% in the last couple of years. The spare parts market during the same time has seen almost 25% percent increase.

Jafza is currently home to more than 500 automotive companies which includes global names such as Honda, Nissan, Ford, GM, Daimler & Chrysler, Caterplllar, Mobis, Schaeffler among others. The sector in Jafza generated trade worth $4.2 billion in 2012. In the last ten years the number of companies in the sector has grown 7-fold.

Jafza is currently home to over 7,100 world’s finest companies, which includes more than 120 Global Fortune 500 enterprises. These companies cater to the entire Middle East region from their respective regional headquarters in Jafza.

Automechanika Shanghai is Asia’s largest show for auto parts, accessories, equipment and services. This year’s show will have more than 4,400 exhibitors. More than 80,000 buyers and trade visitors from all over the world are expected to attend this one-stop platform for trading, brand building, marketing, information exchange and networking opportunities.