Russia-Jafza trade records 40% increase in 2014

Jebel Ali Free Zone (Jafza) has recorded a significant year-on-year rise in its bilateral trade with Russia. In the last 5-years Jafza-Russia trade has seen 4-fold increase rising from USD 106 million in 2010 to USD 413 million in 2014, the company said in a statement. The Russia-Jafza trade in the last fiscal saw an impressive 40% increase.

To further strengthen its bilateral trade relations Jafza is conducting a 4-day roadshow in Russia which will cover two of the federation’s major cities Moscow, the country’s capital and Russia’s largest economic and political centre; and St. Petersburg, Russia’s leading transport and commerce hub.

During the roadshow in Moscow Jafza will be hosting a Business Seminar and an investor workshop, organised for Russian companies, interested in the UAE and the rapidly growing Middle East markets, which Jafza as a business hub serves. During the roadshow in St. Petersburg Jafza officials will be conducting B2B meetings and investor workshops. The Jafza team for the roadshow includes Tariq Bin Ghalaita, Vice President, Europe and UAE Region, Abdulaziz Al Redha, Manager, Jafza Sales and Hamda Al Abbar, Senior executive, Jafza Marketing and Communications.