Saud Salim Al Mazrouei, Director of Sharjah Airport International Free Zone (SAIF Zone) and Hamriyah Free Zone Authority (HFZA led a high-level delegation to Tokyo to further explore the Japan market in order to utilize its potential for both sides. The team actively participated in the recently concluded Nepcon Japan, which is Asia’s largest exhibition for electronics.
“The trade between the UAE and Japan has been prospering and the value of two-way trade between Japan and the UAE during the first six months of 2014 was $25.92 billion,” Al Mazrouei pointed out.
“Sharjah Airport International Free Zone has a keen interest in many firms in Japan and the show gathered a variety of exhibitors from automotive electronics and renewable energy. We met investors from different sectors and visited some well-known companies,” he further elaborated.
Nepcon Japan is rated as the best way to attract businesses from Japan, Korea, China and Taiwan. The 43-year old event attracted attention as a venue where one will get to see the latest technologies in the world of electronics.
According to statistics, Japan’s exports to the UAE surged by nearly 13 per cent to $ 4.59 billion, and imports by 2.76 per cent to $ 21.34 billion during the first six months of 2014.
The UAE is Japan’s 5th largest export destination of passenger motor cars in the world, after the United States of America, China, Russia and Canada.
Notable increase in exports from Japan to the UAE was registered for general machinery, iron and steel products, optical and photographic products.
The SAIF Zone team consisted of Saud Salim Al Mazrouei, Raed Bukhatir, Wafa Balaswad and Boutheina Manai.