Jafza officials discuss cooperation with Maltese Minister of Economy

DUBAI: Ibrahim Al Janahi, Deputy CEO and Chief Commercial Officer, Economic Zones World, has received a high level Maltese delegation headed by Dr. Chris Cardona, Minister of Economy, Investment and Small Business of Malta. The Maltese delegation’s visit aims to discuss investment opportunities in Jafza and ways to enhance trade and economic relations between Malta and the Free Zone.

Mr. Al Janahi outlined the main role played by the Free Zone in advancing economic development in the U.A.E. in general and Dubai in particular, noting that Jafza is home to more than 7,300 companies from around the world, with more than 135,000 employees, and contributing more than 20 percent of Dubai GDP.

“Jafza focusses on providing world-class facilities to investors wishing to use Dubai as the gateway to the rest of the world. We have the most modern infrastructure with an integrated legislative system and one-stop-shop solution to help save time and effort for the investors” Al Janahi said.

Dr. Cardona said that Malta’s trade volume had doubled during the past two years, and that his country was seeking to open new markets for local products. He expressed admiration for what he saw of the great achievements made by Dubai, stressing that his country’s desires to benefit from Jafza’s experience and its successful business model.

Adil Al Zarooni, Senior Vice President, Sales, provided a detailed explanation of the advantages enjoyed by companies in Jafza, and services provided to existing customers. He expressed interest in the minister’s call for enhancing bilateral economic relations, in the fields of industry, tourism and small and medium-sized enterprises focusing on alternative energy and sustainable development.

“The volume of trade exchange between the U.A.E. and Malta is US$173.3 million, and we seek to increase trade exchange between the two countries and to attract new companies to take advantage of investment opportunities that will be provided by the Expo 2020,” he added.

SOURCE: WAM