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Jafza holds roadshow for Russian investors

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Jafza holds roadshow for Russian investors

Dubai - Jafza is conducting a four-day roadshow in Russia which will cover two major cities - Moscow and St Petersburg - to further strengthen bilateral trade relations.

By Staff Report

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Published: Sat 14 Nov 2015, 11:00 PM

Last updated: Mon 16 Nov 2015, 8:57 AM

Jebel Ali Free Zone (Jafza) recorded a 40 per cent year-on-year increase in bilateral trade with Russia in the last fiscal. In the last five years, Jafza-Russia trade has seen a four-fold increase, rising from $106 million in 2010 to $413 million in 2014.
Jafza is conducting a four-day roadshow in Russia which will cover two major cities - Moscow and St Petersburg - to further strengthen bilateral trade relations.
During the roadshow in Moscow, Jafza will host a business seminar and an investor workshop organised for Russian companies interested in the UAE and Middle East markets. During the roadshow in St Petersburg, Jafza officials will conduct B2B meetings and investor workshops.
Sultan Ahmed bin Sulayem, chairman of DP World and Ports, Customs and Free Zone Corporation, said: "Russia and the UAE enjoy a robust bilateral relation that goes back to 1971 when diplomatic relations were established. Both the states have a common desire to strengthen cooperation in various fields, including trade and commerce and mutually beneficial investments.
"In terms of bilateral trade, there is a huge potential for collaboration between Russia and the UAE. The Jafza roadshow in Russia is an important step forward in that direction."
- business@khaleejtimes.com


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