Automotive trade is re-geared for growth at JAFZA
Jebel Ali Free Zone showcased its auto sector capabilities at the 16th Automechanika Dubai 2018 show, which opened at the Dubai World Trade Centre on May 1.
JAFZA has reinforced its position as the location of choice for the industry handling over a fifth of Dubai’s total automotive trade worth AED 39.5 billion (US$ 10.75bn) in 2017. This equates to over 21% of Dubai’s total trade value of AED 184.6 billion (US$ 50.26bn) for the sector over the same period.
JAFZA is exhibiting its services as a premier business location at Automechanika Dubai featuring logistics solutions such as storage and distribution, transportation management and customs brokerage.
Growth in high gear
According to Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer, DP World, Jebel Ali’s provides access to many global markets supported by one-stop business solutions.
Jebel Ali Port offers 90 weekly shipping services to 140 direct ports of call and accommodates 340 logistics companies in tandem with a custom-bonded Dubai Logistics Corridor.
JAFZA currently houses 546 automotive companies from 62 countries including industry leading Fortune 500 firms such as Mitsubishi, Volkswagen, GM, and Bridgestone. Around 78% of the UAE’s used car imports pass through Jebel Ali and re-exported to more than 150 countries.
According to a BMI report, new car sales in the UAE are expected to increase by 4% in 2018, while the industry is expected to see 7.3% growth across the MENA region.
