Polish goverment visited the Jebel Ali Free Zone (Jafza) and held talks with Jafza officials to explore closer cooperation and initiatives to strengthen bilateral economic ties between Poland and the UAE through the free zone.
The visiting delegation expressed interest in Jafza’s world-class business model that has continued to garner interest from businesses and Governments across the globe. The delegation headed by Polish Undersecretary of State, Ministry of Foreign Affairs, included Polish Undersecretary of State, Ministry of State Treasury, Ambassador to the UAE, Chairman of Polski Bank, Heads of Polish Energy companies Grupa Lotos and Petrolinvest among other officials.
Senior officials from Economic Zones World (EZW), Jafza’s parent company, including Ibrahim Mohamed Al Janahi, Jafza Deputy CEO and Chief Commercial Officer of EZW UAE region, welcomed the delegation, to discuss the investment climate in the UAE in general and Dubai and Jafza in particular.
The overall trade between Dubai and Poland was valued at AED 1.8 billion in 2010, according to Dubai World’s Statistics Department. Imports stood at AED 1.63 billion while exports and re-exports were AED 123.7 million and AED 44 million respectively. Jafza facilitated 43% of Dubai’s trade with Poland valued at AED 783.6 million and the delegation visit will highlight the potential to further increase mutual cooperation between the countries.
Economic Zones World officials briefed the visiting group on Jafza’s dynamic business model and how it has become the leading industrial, warehousing and distribution hub in the Middle East contributing to the economic development of the Dubai and the nation.
Ibrahim Mohamed Al Janahi said: ‘As a gateway to the Middle East and Asia, Dubai is ideally placed for European companies to use as a base to reach out to the larger region. We believe this is an opportune time for Polish businesses looking at emerging markets to expand their business activities in. The rapid growth of Asia in the face of the global recession has opened up the doors for many opportunities. This visit provided the delegation an insight into the Jafza’s 26 years of experience and how the free zone has molded itself into one of the most attractive investment destinations in the MENA region.’
Al Janahi added: ‘Our talks were fruitful in highlighting areas where we could jointly work together to enhance in bilateral economic development between the countries to increase the level of global investments.’