Dubai Airport Freezone Authority (Dafza) will be highlighting the prime investment opportunities for aviation industry leaders at the Dubai Airshow 2017 today.
Confirming its participation, Dafza said it is part of its strategy to support the leaderships vision of advancing economic diversification and increasing the flow of foreign direct investment (FDI) to the UAE and Dubai into the aviation, aerospace, and electronics industries.
Dafza has taken several steps to offer a strategic platform for pioneering companies to establish their business in the Middle East and North Africa (MENA) region, where multinational companies comprise 38% of the total number of companies involved in aviation and related fields, while American and European companies account for 47%. GCC and Middle Eastern companies, on the other hand, constituted 39%.
The growth of the aviation sector in Dafza is a key indication of its contribution to the inflow of foreign investment and growth of Dubai’s GDP, given that the aviation industry accounts for 8% of the companies operating in Dafza, occupies 10% of the space, and 17% of the employees in the freezone.
It also pays special attention to the aviation sector in terms of development programs and events, a recent one was the Boarding to Success forum, which brought together several aviation companies in Dafza and representatives of government agencies in the aviation sector to showcase the latest developments and challenges facing the global aviation industry and how to improve the investor experience in Dubai.
Dafzas stand at Dubai Airshow 2017 will be offering a unique opportunity for participants and visitors to learn about its wide range of diverse and innovative services both new and updated which have made Dafza a pioneering freezone that goes beyond expectations in terms of sophisticated technology and major offerings that ensure the best experiences for foreign investors.
The free zone will showcase key systems and applications as well as its latest projects and strategies that are in line with Smart Dubai 2021s strategy, and the digital transformation initiatives launched in October, including customer relationship management system, blockchain, office on cloud, and other initiatives and facilities that have positively influenced customer satisfaction and attracted more investors and entrepreneurs. These have helped advanced the growth of the aviation, aerospace, and related electronics industries in the emirate.
Amna Lootah, the assistant director general Finance, Commercial and Customer relations Division Foster of Dafza Innovation & Future Unit, said: “The aviation sector is a key driver of the economy of Dubai and the UAE in general. It has attained tremendous prosperity and made major achievements in a very short period of time, in terms of infrastructure, smart solutions and air cargo industry. Aviation is a strategic pillar of the local and national economic structures, posting the highest growth rates in the world, inspired by the wise vision of our leadership and driven by an integrated team diligently working to achieve this vision.”
Lootah highlighted the importance of Dafzas participation in the Dubai Airshow 2017 as an ideal step towards enhancing direct communication with current and potential partners, since aviation is one of the key sectors within Dafza and among those who have the largest share of total foreign investments, multinational companies, and international companies.