'Jafza's operational benefits attract Japanese firms'

DUBAI — Japan External Trade Organisation (Jetro), has said that the various operational benefits at Jebel Ali Free Zone Authority (Jafza), has been a major contributing factor in attracting a number of Japanese companies to the free zone. More than 100 Japanese companies are operating out of Jafza.

By A Staff Reporter

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Published: Mon 28 Feb 2005, 9:46 AM

Last updated: Thu 2 Apr 2015, 4:30 PM

Yoshio Minagi, managing director, Jetro Dubai said: "The Middle East as a whole is very important to Japan, as a major portion of Japan's oil imports come from the UAE, especially Abu Dhabi. The long-term bilateral relationship shared by the two countries has also facilitated a healthy presence of Japanese companies in the free zone. Japan's imports from the UAE amounted to $18.2 billion last year. Many Japanese auto giants have been dominating the UAE's automobile market for the last few decades."

More than 90 per cent of Japanese companies at Jafza are distribution units in automobiles, spare parts and electronics. Heavy engineering and construction companies like Hitachi and Komatsu already have a well established presence at Jafza. Several companies with an annual turnover of over $1 billion are also based at Jafza.

Japan's exports to the UAE in the first nine months of 2004 stood at $3.4 billion and imports from UAE touched $13.2 billion. Manufactured products constituted more than 95 per cent of the total exports to the UAE, of which 75 per cent included machinery and electronic equipment.

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