The Dubai Multi Commodities Centre Authority (DMCC), the licensing authority for the Jumeirah Lakes Towers (JLT) free zone, will be exhibiting for the first time at the 10th Arab International Plastics and Rubber Industry Trade Show and Conference Forum (Arabplast). The event, which will be held from 8 - 11 January 2011 at the Dubai International Convention and Exhibition Centre, is the Middle East's number one trade show for rubber, plastics and plastic processing.
Malcolm Wall Morris, Chief Executive Officer of the DMCC, said:
“We have welcomed a number of plastics producing companies such as SCG and PTT of Thailand and Reliance of India into our JLT free zone. Growth in DMCC licensing in the energy sector, which also includes petrochemicals, plastics and rubber, has been strong in 2010, up 63% year on year. We attribute this growth to our modern infrastructure, free-hold property options, mature regulatory framework and value-added products and services that we offer to our licensed member companies, in addition to JLT’s strategic location.”
The GCC states have recently witnessed a marked increase in the number of plastic and rubber manufacturers due to an abundance of oil and natural gas, the main elements in producing polymers; thus turning the region into a key hub for the plastics and rubber industry.
Companies licensed by DMCC retain 100% foreign ownership of their business and have a 50 year tax holiday. DMCC has licensed more than 2,500 companies to date. The JLT free zone currently comprises of 53 completed towers, with an excellent geographic location providing easy access to the Dubai logistics corridor, Jebel Ali Port, Al Maktoum International Airport, highways and public transport.
According to the organisers of the event, the 10th edition of the Arabplast will be 25 per cent bigger than the 2009 edition, with the participation of various companies from across the globe, such as, USA, Canada, UK, Germany, Belgium, Italy, Turkey, Taiwan, Hong Kong, China, Qatar, UAE and India.
Arabplast will showcase a new wide spectrum of plastic machinery, plastic/rubber processing technologies and products, and will also feature discussions regarding latest breakthroughs in the industry and key challenges facing the growth of the raw plastics and petrochemicals in the region.
Please contact Dubai Multi Commodities Centre on 800 3622 (toll free) or +971 4 424 9600 to register your interest in the JLT free zone.