Jafza’s electronics, IT trade grows at 8.5pc
Dubai, June 28, 2011
Electronics and IT firms based in the Jebel Ali Free Zone (Jafza) generated trade worth Dh51 billion ($13.88 billion) in 2009, compared to Dh35 billion in 2005, registering a compound annual growth rate (CAGR) of 8.5 per cent.
These trade figures and the trade trends in the electronics and IT sector within the Free Zone were announced by Jafza officials and industry representatives at the recently held Strategic Customer Forum focused on the electronics industry.
“Jafza plays a key role in facilitating trade and business opportunities for more than 1,050 electronics companies based in the Free Zone,” said Ibrahim Mohamed Al Janahi, deputy CEO, Jafza and chief commercial officer.
“Since we are uniquely positioned to impact trade and investment for this sector, we continuously liaise with government officials to encourage easing trade policies and regulations that will benefit customers.”
“These forums help us better understand industry trends, requirements and operational concerns. The constructive dialogue and optimistic outlook from all representatives at the forum speaks well for continued growth opportunities,” he added.
The UAE’s consumer electronics market, defined as the addressable market for computing devices, mobile handsets and audiovisual and gaming products, is projected at $4 billion in 2015.
The growth, forecasted in a recent BMI report, will be driven by the popularity of new electronic devices such as LED and 3D TV sets, 3G mobile handsets, smart phones, feature-rich notebooks, MP3/MP4 players and Blu-ray players.
During the event Dubai Customs addressed individual issues and queries on customs regulations and policies, explaining that officials were in regular dialogue with government representatives to address federal rules and GCC customs policies.
The Strategic Customer Forum was the fifth in a series of industry events initiated by Jafza to encourage dialogue with key clients. – TradeArabia News Service
More Retail & Wholesale Stories
- India's Bharti group mulls Carrefour tieup
- Etisalat opens retail shop in Dubai Mall
- Ultra wealthy to spend more on luxury goods
- Kuwait group inks JV deal with China jeweller
- MAF in deal to set up retail academy
- Samsung, UPB sign deal to supply AC systems
- Samsung showcases latest UHD monitors
- Unilever named 'employer of choice' in Saudi
- New Nokia Asha range arrives in Bahrain
- Canon launches 2 compact B&W MFPs
- MAF to build new mall in Dubai IMPZ
- Big growth seen for Mideast retail sector
- Rosette, GoExport enter partnership deal
- Samsung opens new outlet in Abu Dhabi
- Epson launches new thermal receipt printer
- Utoor Perfumes signs deal with Mezaj Arabia
- UAE group opens supermarket in Bahrain
- Marks & Spencer opens big store in Kuwait
- UAE clothing imports soar to $960m
- Samsung launches 2 wearable tech devices
- BlackBerry goes back to basics with new phones
- Philips rolls out new all-in-one displays
- Nokia unveils affordable smartphone range
- MAF launches new community retail concept
- Huawei unveils five new smart devices
- Sharp previews latest Intelligent Touch Board
- Fujifilm camera offers world’s fastest viewfinder
- Ex-Waitrose outlets set to reopen in Bahrain
- Swiss jam maker expands GCC footprint
- Toshiba Gulf launches Windows 8.1 tablet