DAFZA strengthens UAE Far East economic ties

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Dubai Airport Freezone (DAFZA) strengthens economic ties between UAE and countries in the Far East

Dubai Airport Freezone DAFZA
Dubai Airport Freezone DAFZA

The number of Japanese companies operating in Dubai Airport Freezone (DAFZA) has increased to 37, representing more than a third of the Freezone’s clients from the Far East and South East Asia in 2013. This was followed by 25 Singaporean companies, which make up a further quarter of all enterprises from the East.

To address the growing bilateral relations between countries in the Far East and the UAE, the Freezone held a number of business seminars in Japan and Singapore this month. Dubai Airport Freezone plays a vital role in facilitating commercial ties between international trade partners and the UAE by developing investment opportunities and foreign ownership policies.

Japan External Trade Organization (JETRO) said that bilateral relations between Japan and the UAE were valued at USD 24.8 billion, at the end of H1 in 2013. Similarly, Abu Dhabi’s Singapore Joint Forum, estimated the value of trade between the UAE and Singapore to be valued at USD 20.8 billion, two key contributors to the UAE’s economy from the Far East.

Jamal Bin Marghoob, Director of the Marketing & Corporate Communications Department at DAFZA, said, “The Freezone’s seminars in Japan and Singapore will work to strengthen our existing relationship. As major economic partners, the UAE is a key benefactor of Japanese and Singaporean two-way trade, making Dubai Airport Freezone a natural choice for businesses expecting integrated solutions through a service-centric platform.”

Japanese and Singaporean companies operating out of the Dubai Airport Freezone represent a variety of sectors including automotive, healthcare, electronics, as well as products and services for the oil and gas industries. In addition to its prime location and attractive investment opportunities, international investors reap the benefits of dynamic growth through DAFZA’s tax exemption and foreign ownership policies

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