DAFZA participates at the 19th International Logistics and Material Handling exhibition
The Dubai Airport Freezone Authority (DAFZA) participated at the 19th International Logistics and Material Handling Exhibition (SIL) in Barcelona, Spain.
DAFZA’s participation in the event aimed to help increase foreign direct investment (FDI) opportunities between the Freezone and investors from Spain and the other participating countries. During its participation, DAFZA organised a seminar on foreign investments under the theme, Boost your business from Dubai to the World. It featured the UAE’s strong economic performance, Expo 2020-related opportunities, and the region’s rising logistics sector.
DAFZA, one of the world’s most competitive free zones, took the opportunity to present its broader range of investment incentives, distinct and diverse business offerings, and successful efforts to establish good relations with foreign investors from Europe and the rest of the world. To date, an estimated 27% of the total companies operating in DAFZA are from Europe.
DAFZA’s officials also met with high-level officials from the Chamber of Commerce in Barcelona and the Barcelona Foundation for Halal Services to discuss co-operation and support among parties. DAFZA presented investment opportunities for the Catalan business community as well, which will give them an access to the Middle East and Central Asia markets through Dubai and DAFZA particularly.
Further, the DAFZA delegation highlighted Dubai’s economic development; growing foreign direct investments in Dubai and the rest of the country supported by their wise leadership and pioneering initiatives; and the economic power that government and semi-government institutions impose. DAFZA said it is keen on attracting Catalan business leaders, noting that Catalonia is a major contributor to Spain’s gross domestic product (GDP).
Abdulaziz Al Hammadi, manager of marketing, DAFZA, said: “DAFZA took part in this global exhibition to attract the Catalan business community as part of our full support for the UAE’s economic diversification policy over the past 20 years of it’s success. A number of leading international companies, including top Spanish businesses, have chosen Dubai, a regional business hub, as the centre of their operations in the Gulf, the Middle East, and Asia.
“During the international event, we also highlighted the importance of the new DAFZA Industrial Park, which is designed to attract vital industrial sectors as well as the ongoing early sales procedures that allow investors to get involved as early as now in the interior design of the units according to their operational needs and maximize benefits and services.
“The increasing halal sector was also one of the main highlights of our discussions as we showcased the industry’s numerous export opportunities. Dubai, which is the global capital of the Islamic economy, will enable foreign investors to reach more than 2.5 billion people in the regional market in a span of five hours maximum time.”