Jafza Joins the Global Manufacturing and Industrialisation Summit as Strategic Partner to Facilitate Progressive Economic Diversification

Business

Jafza Joins the Global Manufacturing and Industrialisation Summit as Strategic Partner to Facilitate Progressive Economic Diversification

The Global Manufacturing and Industrialisation Summit (GMIS) has actually introduced a strategic partnership with Jebel Ali Free Zone (Jafza), the UAE's flagship trade and logistics hub, in an action focused on accelerating economic development and improving trade, particularly through manufacturing.

The choice to name Jafza, a totally free area established in 1985, as a Strategic Partner for the Global Manufacturing and Industrialisation Summit highlights the relevance of trade and investment in the UAE with the global business community. Jafza represents 32 per cent of total foreign straight financial investment flown into the nation. The totally free zone adds 21 per cent of Dubais annual Gross Residential Product and it maintains more than 144,000 jobs in the UAE. In 2015, Jafza generated trade worth greater than US$ 87.6 billion..

The Global Manufacturing and Industrialisation Summit is the world's initial global event for the production community, bringing together leaders in business, government and civil society to shape a vision for the market's future. Hosted by the Ministry of Economic situation and the United Nations Industrial Development Organisation (UNIDO), it intends to build calculated alliances that could leverage opportunities for industrial advancement, particularly digital transformation, to bring back global success. The Global Production and Industrialisation Summit's partnership with Jafza is extremely tactical. It aims to attach leading global minds throughout industry, federal government and civil culture fields with Jafza's first-rate business environment, comprehensive trade and logistics network. As the country diversifies its economic climate, powered by plans such as the UAE Vision 2030 and Dubai Industrial Strategy, the ties in between decision-makers in a well-supported community will be important.

" Jafza is concentrated on long-term client partnerships and deepening ties with decision-makers who can assist us to sustain economic growth," claimed Sultan Ahmed bin Sulayem, Group Chairman and Chief Executive Officer of DP World and Chairman of Ports, Custom-mades and Complimentary Zone Company. "GMIS is a unique platform for Jafza to build these relationships and educate the global stakeholder community regarding the helpful business setting, trade and financial investment links that are readily available in Dubai. Jafza wants to create alliances with.

global investors by offering them with first-rate infrastructure and support along with quality-driven value-added services and incentives. We enable our customers to accessibility business chances easily and efficiency.".

Bin Sulayem added that the UAE's commercial landscape has transformed significantly throughout the years with a focus on developing industry and encouraging development. Strategic intends to attract international and residential financial investment have actually been backed by the development of commercial areas across the nation and by giving world-class facilities and operational facilities.

By partnering with the Global Production and Industrialisation Summit, Jafza will function as a key knowledge resource for business planning to buy the UAE, in addition to showing to them expertise in scaling in your area and regionally. The Global Production and Industrialisation wishes to spur the advancement of manufacturing abilities, particularly among SMEs, and promote global worth chains throughout fields.

Badr Al-Olama, Ceo, Strata and Head of the Global Production and Industrialisation Summit Organising Board, said the partnership with Jafza showed the connective power of the overall effort.

" The Global Manufacturing and Industrialisation Summit intends to be a transformative platform for constructing close web links in between industry, government and civil culture in search of common objectives for the future of the nation, the region and the global community," claimed Al-Olama. "In Jafza, we have a partner with greater than three decades of experience in helping to produce sustainable prosperity in Dubai. By leveraging our cumulative competence, we could create huge shared value, especially in adjusting. making for the new age of automation. This, then, will have profound effects for areas to make sure that the increasing communication in between human beings and machines could enhance lives and advertise financial success.".

This month, the Global Production and Industrialisation Summit will bring together world leaders from industry, Government and civil culture to discover an outcomes-driven schedule focused on the manufacturing sector's role in conquering global obstacles and creating lasting commercial development. A vital part of the industrial mix, making represent 17 per cent of global GDP and 84 per cent of exports in world trade.