Dr. Mohammed Al Banna, Vice President, Sales, Jafza with the Turkish delegation at the Free Zone
A high ranking delegation from Turkey led by HE Munir Karaloglu, Governor of Bursa, one of Turkey’s most industrialised metropolitan cities, visited Jafza last week to explore opportunities in the Free Zone in order to expand Bursa’s reach to the rapidly growing Middle East markets that Jafza as a hub serves. The 4-member Turkish delegation included senior officials of BEBKA, the regional development agency, including the Chairman of BEBKA Development Council and the Secretary General of the organization.
The delegation was received at the Free Zone by Dr Mohammed Al Banna, Vice President - Sales. In his brief presentation Dr AlBanna apprised the delegation on the strategic importance of Jafza as a gateway and trade and logistics hub of the greater Middle East region comprising West Asia, Indian Subcontinent, Africa and the CIS. He also described Jafza’s key value propositions and its array of products and services that makes Jafza the most favoured investment destination in the region.
Talking about the need to further strengthen Turkey – Jafza bilateral trade Dr AlBanna said: “Though in the last six years the number of Turkish companies at the Free Zone grew by more than 80%, huge possibilities still await for Turkish companies in the region that Jafza as a hub serves.
“Bursa is Turkey’s one of the most important industrial cities having a strong automotive, textile and food sectors. Jafza offers huge growth opportunities for the companies in all these sectors in the region, which is expanding at a very fast pace. We invite Turkish companies from Bursa to come to Jafza and capitalize on the rapidly changing market dynamics in the Middle East. Most of the countries in the region are making huge investments in building social and economic infrastructure to diversify their economies from oil to non-oil sectors. This, in effect, has made significant impact on not only in the construction but also all other sectors of the economy generating demand for all kind of goods right from food products, consumer goods to fashion. UAE’s winning the right to host Expo 2020 in Dubai has provided further push to the region’s market economy.”
HE Munir Karaloglu expressed his thanks for the warm welcome extended by Jafza management and highlighted the importance of Middle East region and the Free Zone for Bursa’s export driven economy. He sought strong bilateral relations between Bursa and Jafza to boost trade between the two sides by encouraging businesses from Bursa to join Jafza in order for them to explore and capitalize on the growing opportunities in the region.
Jafza is currently home to 86 Turkish companies. The Jafza – turkey trade in 2013 is estimated to have crossed AED 3 billion. Turkey’s trade with Dubai is currently limited mainly to precious metal, jewelry, electronic products, oils and perfumes. Huge possibilities exist for automotive aftermarket, food and dairy products, textile and garments, as well as construction material, which are Bursa’s stronger sectors.