Dubai Export Development Corporation (EDC) and the Jebel Ali Free Zone Authority (Jafza) member of Economic Zones World, have signed a Memorandum of Understanding (MoU) confirming their joint commitment to contribute to Dubai’s economic development by fostering its external trade potential.
EDC predicts a 10% increase in export performance of Jafza-based companies in terms of exports value, market reach and enhanced operational efficiency post the rolling out of this agreement.
The relationship will allow EDC, in close coordination with Jafza management, to efficiently implement its service offerings to Jafza-based exporters. EDC will further ensure that Jafza companies are well positioned to maximising their business potential. EDC will also have access to relevant trade information regarding Free Zone companies which will assist in the development of subcontractor relationships in the emirate.
Salma Hareb, CEO, Economic Zones World, said: “Jafza is keen on creating strategic partnerships with various corporations and authorities with the aim of developing and facilitating the business of companies based in the Free Zone. The signing of this MoU with EDC underlines our commitment to support the export growth thereby enhancing the development of the national economy.
“Jafza is home to a multitude of leading export focused companies. The MoU will create more opportunities for these businesses to expand into newer regions in addition to reinforcing their status in the countries they operate in,†she added.
By sharing relevant information and ideas through close customer interaction, the two parties aim to further simplify export procedures. The partnership will continue to enhance Jafza’s position as an ideal base to conduct re-export activities from.
“This Memorandum of Understanding reaffirms the commitment of both EDC and Jafza to the economic development of Dubai,†said Engineer Saed Al Awadi, Chief Executive Officer, Dubai Export Development Corporation.
“EDC provides a one stop shop for information, assistance and training to businesses to enable them to enhance their exports. The agreement will also see both EDC and Jafza promoting each other’s services and further cementing ‘Made in Dubai’ as a stamp of quality.â€
The EDC Exporter Assistance Model helps exporters in three main areas. Export Preparation provides potential and new exporters with information to aid them in preliminary processes. Export Facilitation assists existing exporters to increase export volumes and broaden markets and International Assistance provides support to exporters operating in international markets.
Jafza is one of the largest and fastest growing free zones in the world and Dubai’s biggest exporting zone. EDC was established in 2006 with the aim of enhancing the competitiveness of Dubai as a preferred trading partner by providing exporters with the services required to enter or expand foreign markets.
About Dubai Export Development Corporation:
Commenced operation in 2007, the Dubai Export Development Corporation (DEDC) is an autonomous organisation under the directive of the Government of Dubai. Its vision is to be a world-class model in assisting and facilitating exporters, by creating an enabling environment for exports, with the aim of enhancing the competitiveness of Dubai as a preferred trading partner.
The DEDC has moulded its mission to identify and effectively deliver value-added trade support services to Dubai export enterprises for accelerated and profitable expansion of their business in foreign markets.
