Dubai - Mubasher: Trade between Jafza and Canada increased 10% year-on-year to $338 million, said the deputy CEO and chief commercial officer Ibrahim Mohamed Al Janahi.
The number of Canadian companies in Jafza rose 56% over the past 5 years, from 76 companies in 2011 to 119 operating in various sectors Al Janahi highlighted, according to a press release.
Al Janahi remarks were made on the sideline of his meeting with Emmanuel Kamareannakis, Consul General of Canada in Dubai at the Jebel Ali Free Zone.
The two sides discussed the vision of Sheikh Mohammed bin Rashid, Vice President and Prime Minister of the UAE and Ruler of Dubai, to turn Dubai into an industrial and manufacturing hub of the region, in line with the Dubai Industrial Strategy.
The plan is to move from the growth phase to the maturity level of industrial development; this including improving the economic systems through new policies, the statement added.
The Consul General of Canada in Dubai commended Jafza for the crucial role in driving Dubai’s economy and attracting foreign investment through multinationals and small companies founding their regional offices in the Free Zone.
The two sides agreed to work in coordination to enhance trade relations especially in the field of innovation and technology, one the important areas of focus for Dubai.
