FINANCIAL NEWS

UAE- Jafz auto sector’s trade up 20% in 2011

25 May 2012

(MENAFN) UAE’s Jebel Ali Free Zone’s (Jafz) Deputy CEO, Ibrahim Aljanahi, stated that in 2011, trade in Jafz automotive sector recorded a 20 percent gain from a year earlier, reaching more than USD3.81 billion, reported Emirates 24/7.

Aljanahi added that from USD2.72 billion reported in 2009, trade in the automotive sector posted a growth of 40 percent in 3 years.

Furthermore, the number of firms in Jafz grew by 7.5 percent from 2010’s 467 to 504 companies in 2011.

It is worth noting that during the current year, global car sales are expected to go up 7% to nearly 78 million cars.

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