29/05/2015 02:15 AST
Economic Zones World (EZW), Dubai’s flagship operator of economic zones, logistics and industry specific parks and Shanghai Yaming Lighting Co Ltd, a leading Chinese lighting company have signed a Memorandum of Understanding (MoU) to identify areas of collaboration across the entire supply chain of lighting industry including manufacturing, sales, R&D and distribution.
The MoU was signed by Salma Hareb, CEO of Economic Zones World, the parent company of Jafza, TechnoPark and DAZ and Zhuang Shenan, Chairman, Shanghai Yaming Lighting Co Ltd in the presence of senior officials of EZW including Ibrahim Mohamed Al Janahi, Deputy CEO of Jafza and Chief Commercial Officer of EZW and Rashid Al Noory, Chairman of Yaming FZCO.
commenting on the MoU Salma Hareb said, “I consider the MoU an important step forward in bringing world-class energy saving technology to the region in general and to Dubai in particular which is all set to become the region’s first smart city soon.
As a facilitator EZW supports companies to reach and serve one of the world’s most dynamic markets in the region.
I am sure the bilateral collaboration will help Yaming achieve its growth aspiration in the region while we will be able to further strengthen our position as a hub and a business catalyst.
Zhuang Shenan said, “I would like to express my gratitude to H.E.
Ms. Salma Hareb, CEO of Jafza and Mr. Ibrahim Al Janahi, Deputy CEO of Jafza, for the interest they have shown in facilitating Yaming to establish a proper distribution and possible manufacturing centre in Jafza.
Indeed, Jafza is a successful free zone and a logistic hub with success stories that attract multinational companies to operate in a free zone environment and take advantage of the superb infrastructure that supports the kind of work we do. Rashid Al Noori, Chairman of Yaming FZCO, commented that, “We are very delighted to have signed an MOU with Jafza.
We are confident that this step will pave the way for us to focus on planning infrastructure for an extensive distribution centre leveraging Jafza’s pre-existing ground works.
We look forward to discussing the infrastructure plan and set up a world-class distribution centre that can effectively use the best available facilities that support our business in the Middle East, Africa and CIS countries.
Not to mention that Jafza is well-located in the region and next to the biggest airport (Al Maktoum International Airport) in the world; this is a big advantage and cost-effective factor that makes Jafza the perfect platform for us to be in and sustain our growth.
Meanwhile, the Dubai Gold & Commodities Exchange (DGCX) in order to further strengthen its relationship with the Chinese derivatives market signed a Memorandum of Understanding (MoU) with the China Futures Association (CFA).The agreement aims at enhancing ties between the markets of China and the UAE, with a focus on increasing interaction between key players in the derivatives industry both in the private and public sectors.
The Gulf Today
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