Jafza targets Taiwanese businesses
Jafza has attracted strong interest from Taiwanese business community at the recently held two business seminars in Taiwan, it announced recently.
Both seminars were organised jointly by Jafza and Taiwan External Trade Development Council (TETRA). The first seminar was held at Taipei, the political capital and a leading economic centre of the country, while the second seminar was held at Kaoxiung, a top industrial hub in southern Taiwan.
More than 100 leading Taiwanese businesses representing different business sectors right from electronics to construction, attended the two seminars. A large number of Taiwanese companies at the seminar have shown their keen interest in opening their facility in Jafza to explore and serve the Middle East region.
The Jafza team was led by Adil Al Zarooni, senior vice president, Jafza sales and was comprised of Khalid Ahmed Al Marzooqi, senior manager and Jeffrey XLYU, executive, Asia Pacific region.
Adil Al Zarooni speaking at the seminar said: “Jafza – Taiwan bilateral trade has estimated to have grown over 125% in the last three years to cross USD 740 million in 2012. For an export driven industrial country like Taiwan the trade volume has the potential to grow in multiples.
“The Middle East, which Jafza as a business hub serves, ranks among the world’s fastest growing regions. Huge investments are being made in the countries in the region to build infrastructure that allows them to become less dependent on oil income. The increased focus of the region on developing infrastructure and economic diversification offers huge business prospects for Taiwanese investors. Through these seminars we want to invite Taiwanese businesses to base their operations in Jafza and capitalise on existing, as well as, emerging opportunities in the region.”
Jeffrey in his detailed presentation at the seminar in Chinese language highlighted Jafza’s value propositions and its strategic importance as the region’s trade and logistics hub.
These seminars were part of Jafza Road show in Taiwan. During the road show and seminars Jafza also highlighted its incubator concept, which is designed to attract and support SMEs seeking to explore opportunities in the region from the Free Zone, at a very nominal cost. Incubator facility is a collaborative initiative between Jafza and interested country to support their SMEs interested in expanding their foot prints in the region. Under the scheme Jafza allocates facility to the interested government body for the incubation centre, who in turn allocates spaces in the centre to interested SMEs.
Jafza is currently home to 15 leading Taiwanese companies which includes multi-nationals like Acer, Senora, Viewsonic, and CTX among others. UAE is home to over 50 Taiwanese companies and almost one third of them are located in Jafza. Jafza also accounts for more than half of Taiwanese non-oil exports to the UAE. Most of the Taiwanese exports to Jafza are meant for re-export to different countries in the region.