The move aims at attracting more Korean companies into the free zone
Dubai based Jebel Ali Free Zone (Jafza) has appointed Mr Kim Myung Chul, Representative Director, Intec Korea and Advisor to Law CL a leading Korean Law Firm,, as its representative in South Korea to promote and interact with Korean businesses who are interested in the Middle East markets.
The move aims at attracting more Korean companies into Jafza and further strengthening bilateral trade between Dubai and Korea. Jafza is currently home to 52 Korean companies including Samsung, Deawoo, Hyundai, LG Electronics, Mobis among many others. These companies together have generated trade worth AED 2.1 billion in 2010.
Jafza is located at the cross roads of Asia, Europe and Africa, the three most important continents, that together form the world’s largest consumer market. The strategic location makes Jafza one of the most attractive business hubs to reach and serve the untapped wider Middle East region that comprise more than 75 countries in West and South Asia, Africa and Europe. These countries together represent a huge market of 2.7 billion people and have a combined GDP of USD 4.4 trillion.
Jafza is rated as one of the fastest growing free trade zones in the world. In its 26 years of operation, Jafza has posted more than 350 times growth in its number of companies that has grown from 19 in 1985 to over 6,700 in 2011, which include about 125 of the Global Fortune 500 companies. Jafza is today a truly global organisation where almost all countries in the world are represented. Jafza is built around the Jebel Ali Port. Spread over an area of 57 square kilometres, Jafza ranks among the world’s largest free zones.
Jafza’s incredible success is attributed to its deep commitment to service excellence, customer centric approach, outstanding infrastructure and its unique logistics capabilities, the four key elements that support a company to grow and achieve whatever they want.
Jafza’s close proximity to the port is a huge advantage. Today, the DP World managed Jebel Ali Port, one of the 10 largest container ports in the world, is served by 150 shipping lines, offering 90 weekly services as well as feeder services that provide extensive connection to regional markets.
Jafza is further connected to Al Maktoum International Airport in Jebel Ali via the Dubai Logistics Corridor, launched in 2010. This makes Jafza, perhaps, the only fully fledged special economic zone in the world, which is located between the two mega logistics enablers namely Jebel Ali Port and Al Maktoum International Airport. The synergy created by the sea port, airport, and a free zone in effect means excellent multi modal connectivity and faster and efficient capability for Jafza based companies to move goods. Supported with the region’s extensive highway network Jafza presents itself as the most efficient ally for all types of business operations.
As the leading business hub of the Middle East, it focuses on long-term customer relationships and fosters alliances with global investors by providing them with world class infrastructure supported with value-added services and incentives.
Jafza’s products include office units, warehouses, light industrial units and land on long term lease. These land sites are suitable for a variety of purpose-built facilities. Other value added products include business centres, hotels for visitors and customized Build-to-Suit solutions.