The Dubai Airport Freezone Authority (DAFZA) participated at the 19th International Logistics and Material Handling Exhibition (SIL) in Barcelona, Spain. Íñigo de la Serna, Spain's Minister of Public Functions and Transport; Josep Rull, the Catalan Minister of Region and Sustainability; Jordi Cornet, President of Barcelona Free Area; and H.E. Salem Rashid Al Owais, UAE Consul General in Barcelona, inaugurated DAFZA's pavilion during the exhibit. DAFZA's involvement in case aimed in order to help raise foreign direct investment (FDI) chances in between the Freezone and capitalists from Spain and the various other participating nations.
Throughout its involvement, DAFZA arranged a seminar on foreign investments under the theme 'Boost your business from Dubai to the World.' It featured the UAE's strong economic efficiency, Exposition 2020-related opportunities, and the region's climbing logistics market. DAFZA, one of the world's most affordable free zones, took the opportunity to present its wider range of financial investment incentives, distinct and varied business offerings, and successful initiatives to develop good connections with foreign capitalists from Europe and the rest of the world. To date, an approximated 27 percent of the overall business running in DAFZA are from Europe.
DAFZA's officials also met top-level officials from the Chamber of Business in Barcelona and the Barcelona Structure for Halal Services to go over cooperation and support amongst parties. DAFZA offered investment chances for the Catalan business community also, which will give them an access to the Middle East and Central Asia markets with Dubai and DAFZA specifically. Dubai is thought about the main gateway for worldwide companies looking for to establish their export, import, and re-export services in the UAE et cetera of the region. In this regard, DAFZA delegates reviewed exactly how it could aid financiers through its detailed business solutions and state-of-the-art centers, especially in terms of logistics and transportation support.
Further, the DAFZA delegation highlighted Dubai's economic advancement; growing foreign direct financial investments in Dubai and the rest of the country supported by their wise leadership and pioneering initiatives; and the economic power that government and semi-government organizations enforce. DAFZA said it likes drawing in Catalan magnate, keeping in mind that Catalonia is a major factor to Spain's gross domestic product (GDP). According to data, Catalonia represented around 20 per cent, or an equivalent of 223.6 billion euros, of Spain's complete GDP in 2016.
Abdulaziz Al Hammadi, Manager of Advertising, DAFZA stated: "DAFZA took part in this global exhibit to draw in the Catalan business community as part of our complete assistance for the UAE's financial diversity policy over the previous 20 years of Dubai Airport Freezone's success. A number of top international business, consisting of leading Spanish businesses, have actually picked Dubai, a regional business center, as the facility of their operations in the Gulf, the Middle East, and Asia."
Trade relationships between both nations have seen considerable development over the previous 14 years, where trade exchange went beyond USD 2 billion in 2014, while it rose to USD 2.6 billion in 2015. Statistics additionally show that the UAE is the first location of Catalan exports in the Gulf region and the Middle East.
" “During the international event, we additionally highlighted the significance of the new DAFZA Industrial Park, which is developed to attract vital industrial markets along with the ongoing very early sales procedures that allow investors to get entailed as early as currently in the interior design of the systems inning accordance with their functional requirements and maximize benefits and services," claimed Al Hammadi, adding:
" The increasing halal sector was additionally one of the primary highlights of our discussions as we showcased the industry's many export possibilities. Dubai, which is the global funding of the Islamic economic situation, will certainly enable international investors to get to greater than 2.5 billion people in the regional market in a span of five hours maximum time."
Since its inception 20 years ago, the Dubai Airport Freezone Authority has been drawing in international straight financial investments from high-value fields, which are aiding drive the financial growth of Dubai and the UAE. Today, it is the home of international Spanish firms, consisting of TESA, FERMAX, TUBACEX, NATURA BISSE BARCELONA, IKUSI and PHIBO, and other prominent international companies.
Furthermore, DAFZA has played a key duty in attracting capitalists from all over the world from various sectors consisting of logistics and structure materials, particularly with the remarkable development achieved by this market in Dubai, which is attributed to the function of the emirate as a gold portal for international companies looking for to import, export and re-export domestic and foreign within the UAE.
The Barcelona International Logistics and Transportation Fair, arranged by the Consorcy ZF International S-IU, is a global meeting point for logistics industry professionals. It brings in key exhibitors and hundreds of site visitors from around the world, supplying bridge between the European market and the Latin American, North African, Middle Eastern, and the Mediterranean Basin markets Greater than 600 companies and institutions, 45 percent which were international firms, joined the event's 19th edition. The individuals consisted of companies from various markets, including transport and logistics, framework, real estate, warehousing and devices, information, electronics, and details and communications technology.