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Jafza seeks to attract more F&B companies
The Jebel Ali Free Zone Authority, or Jafza, the flagship free zone operation of Economic Zones World, or EZW, will be participating at Gulfood 2013 to reinforce its strategic position as a hub to serve the rapidly growing food and beverage, or F&B, markets in the Middle East.
Jafza seeks to attract more F&B majors interested in the region into the free zone. Jafza is currently home to 428 multinationals in the F&B sector.
F&B companies in the free zone have posted robust growth in trade in 2012. Jafza companies expect the growth to further accelerate in 2013 and in the coming years. The growth is expected to be driven by rapid increase in population and disposable incomes in the region.
“Gulfood is the world’s largest annual food and hospitality show. The event provides huge opportunities to Jafza to learn latest developments in the industry globally and also interact with business leaders, who are interested in the region. As a facilitator and business catalyst Jafza seeks to appraise the global leaders the Free Zone’s efficacy as a hub to reach and serve the entire Middle East region,” said Mohamed Al Janahi, deputy chief executive officer of Jafza and chief commercial officer of EZW.
“The number of F&B companies in the free zone has seen four-fold growth in the last 10 years, rising from 107 in 2002 to 428 in 2012. We expect to attract some big names at the Gulfood this year.”
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