Dubai Auto Zone posts 63% growth in H1 of 2014

Dubai Auto Zone, DAZ, has recorded 63 per cent jump in its trade in the 1st half of 2014.
Total DAZ trade during the period hit AED5 billion, an increase of AED2 billion from the same period in 2013. DAZ is part of Economic Zones World and a sister organisation of Jafza, the U.A.E.’s flagship Free Zone operation.
Salma Ali Saif bin Hareb, CEO of Economic Zones World, commenting on DAZ’s impressive growth said, "DAZ’s remarkable growth can be attributed to the excellent service quality and ease of operations that the Zone offers to its customers. The upgraded systems and procedures in DAZ now allow a person to buy a car without any restrictions or taxes, seamlessly. EZW is fully committed to support the growth of auto industry in the region by enhancing and expanding its facilities and service capability to enable them to meet growing demand of the auto industry for space at the Zone.
Ibrahim Mohamed Al Janahi, Deputy CEO of Jafza and Chief Commercial Officer of Economic Zones World, said, "Africa remains DAZ’s key market followed by Asia and lately Russia. Our world-class IT infrastructure and business friendly fast procedures provide DAZ customers a cutting edge to win larger market share in the region.
"DAZ is currently home to more than 420 companies with all its facilities fully occupied. We continue to receive dozens of applications every month for space at the Zone. To meet this growing demand we are planning to expand our facilities soon. In the meantime efforts are on to find a way to accommodate the request of companies who have been waiting to join DAZ for long." Jamal Hassan Ibrahim, Senior Vice President, DAZ, concluded by saying, "Dubai is considered as the re-export hub of cars in the Middle East and Africa, therefore, establishing regional headquarters in DAZ for a company dealing in automobiles, makes sense. Japanese cars remain the top selling brands for re-exports because of their high resale value."