high-level korean and indian delegations explore cooperation opportunities with jafza
Two high-level commercial delegations from South Korea and India recently held discussions with senior officers of Jafza concerning opportunities aimed at encouraging Korean and Indian presence in the Jebel Ali Free Zone and facilitating the increase of foreign investments and the opportunities and facilities it avails
The Korean delegation, which included several prominent businessmen and representatives of Korean trading and investment agencies, headed by Dr. Choo Chin-Woo Vice Chairman of the Korean International Trade Association, was received by Ibrahim Janahi, Senior Vice President- Commercial Sales, Jafza. Present was Abdul Salam Al Madani, Chairman of “Index Holding” which a leading exhibition organizer in the Middle East.
“We welcome the growing interest shown by Korean investors in establishing businesses in the Jebel Ali Free Zone which is set to be the trade portal for the whole Gulf region and which is regarded by our customers as the ideal place for expanding their businesses to the Middle East, Africa and South Asia,” Al Janahi said.
Many Korean companies are based in Jafza, including 40 well known brands. This visit comes in continuation of high level visits exchanged between UAE and Korean officials aimed at strengthening commercial ties between the two countries.
Al Janahi gave a detailed presentation on Jafza’s innovative approach in empowering businesses through availing an encouraging investment environment, and said “we welcome the Korean companies and invite them to discuss the investment opportunities offered by Jafza. The best proof of our growing relations with Korea is the MOU we signed with the Incheon Free Economic Zones Authority, and which opened wide the door for Jafza to participate in leading development of free zones in the Far East.”
Dr. Choo Chin-Woo, who is also the Chairman of “Sajou Group”, one of the biggest Korean business alliances, said:
“Our visit aims at fostering the great economic and investment relations which were established by our leaders, in addition to increasing the Korean presence in Jafza. Our corporation, which is one of the biggest in Korea, will be honoured to conclude with you a partnership based on mutual interests.
“There is many Korean companies working on main projects of Economic Zones Word and we hope that relations and cooperation between the two sides will expand to wider horizons.”
The official Indian delegation, headed by K.S. Money, President of the Treated Foodstuff and Agricultural Products Import Development Agency of the Indian Ministry of Agriculture, has discussed with officials of Jafza the prospects of cooperation and the opportunities available for Indian companies seeking new markets in the region.
Dr. Mohammed Al Banna, Vice President, Commercial Sales, Jafza, who met the delegation, said: “India is a very important market for us in view of the historic economic relations between our two countries beside the tremendous growth of the Indian economy which is the fastest growing economy in the world.
"We are confident that Jafza will play a prominent role in this context as a very important door to international markets thanks to its strategic locations and the facilities, sophisticated infrastructure and convenient investment laws it avails for companies and businesses.”
