Dubai Airport Freezone Authority (DAFZA) has concluded a series of international seminars in Germany, Japan and Spain that continue to open up major business and investment opportunities for the Freezone in particular and Dubai in general. As part of DAFZA's ongoing global marketing campaign, the host countries were enlightened on Dubai's key regional economic and commercial trends and its long-term development agenda, in addition to the exceptional infrastructure, services and business incentives offered by DAFZA.
The DAFZA tour first started in Germany, the European nation that considers the UAE as its largest trade partner in the GCC region. Germany's trade with the UAE stood at Euro 10.7 billion in 2013 which is around AED 50 billion, with more than 1,000 German companies currently contributing to the UAE's economic growth. DAFZA is host to some of the biggest corporate names in Germany, such as Audi VW, Bauer International, Giesecke & Devrient, Man Truck, and Bus Schenker.
The tour's next stop was Japan, where DAFZA seminars in Tokyo and Osaka highlighted Dubai's key position as a gateway to the Middle East and DAFZA's role in facilitating the local and regional growth of Japanese enterprises. Toyota Motor Corp, the automotive subsidiary of Toyota Group, one of the largest conglomerates in the world, discussed its successful partnership with DAFZA during the seminars. Japanese companies including Sumitomo, Toshiba and Kawasaki, currently account for 39 per cent of all Far East businesses at DAFZA.
The final destination was Spain, where over 200 business executives representing diverse sectors ranging from electrical materials and luxury products to freight forwarding and food attended the seminars in Seville, Basque and Madrid. The DAFZA delegates conducted direct meetings with Spanish companies interested in exploring investment opportunities in Dubai and setting up operations in the freezone. This visit reflects the strong relation between the two countries, as Spanish exports to the UAE increased by 33 per cent in 2013, with total bilateral trade reaching AED 12.19 billion this year.
Amna Lootah, Senior Executive Director of Finance and Commercial division, DAFZA, said: "The highly successful seminars we conducted in Germany, Japan and Spain provided our host countries' industry and government leaders with valuable insights on how to do business in Dubai and how existing and future opportunities make the Middle East markets among the best places to pursue growth and expansion. Our tour also enabled us to present DAFZA as the region's ultimate free zone destination and a vital hub for any enterprise considering an impactful presence in the Middle East. Many multinational companies expressed their intent in establishing offices in DAFZA as a result of our efforts. Due to the very positive response to our seminars, we are already planning similar initiatives for engaging the global business community in productive and proactive dialogue."
DAFZA highlighted its various business and investment incentives such as its gateway geographical location, 100 per cent tax exemption, 100 per cent foreign ownership, and no currency restrictions. The freezone also emphasized how its experience serving 20 diverse industries ranging from Electronics, Telecommunications and Engineering to Aviation, Logistics and Financial Services have made it highly capable of accommodating various types and sizes of businesses.
A number of key DAFZA projects were showcased including the mixed-use DAFZA Square to be opened in 2015, the ongoing construction of modern and environmentally-friendly Light Industrial Units, and a recently completed multi-storey car park with over 835 slots.
DAFZA will continue to organize seminars, workshops and meetings and join leading regional and international exhibitions as part of its ongoing marketing campaign targeting the European, American, Japanese, Korean and Australian markets.