Dubai PR Network, Online Press Release from Dubai and Middle East
 
Money, Business & Investments(Banking & Investments)
Filter PR by
  
Jafza hosts 1154 companies in electronics sector
 

Mr. Bin Sulayem: Electronics trade worth over AED 113 billion in freezone

Dubai, 15 October, 2017:  The electronics sector has grown into one of largest in Jafza with 1154 companies from 87 countries serving local and regional markets.

The value of trade in the sector through Jafza companies is over AED 113 billion, approximately 38% of the total value of Jafza trade AED 294 billion Electronics companies there employ more than 9,200 people and occupy 1.3 million square meters in the free zone as leased land, warehouses and offices.

Mr. Bin Sulayem, said: 'The growth of the electronics sector reflects the development of technology globally and rising consumer interest in the latest products. Government initiatives to achieve the vision of the UAE and Dubai 2021 to create a knowledge-based economy under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, have also contributed to its rapid growth.” 

Recent research* shows that spending on audio-visual devices will increase more in the UAE than most regional markets in the medium-term due to strong growth in the residential and hospitality sectors. Expo 2020 also estimates that about 81,000 new hotel rooms will be needed by 2020 and equipping these rooms and renovating existing hotels will increase demand for electronic appliances. Sales of audio-visual devices (in the UAE or globally?) are predicted to reach US $689 million by the end of 2017, and US $710 million by the end of 2021. Mobile phone sales are expected to reach US$2 billion in the same year, with competition between manufacturers and major international companies on new product launches. 

Jafza hosts some of the world's leading companies in the sector including Samsung, HP, Sony, Panasonic, LG, Philips and Sharp.


Posted by : Dubai PR Network Editorial Team
Viewed 6716 times
PR Category : Banking & Investments
Posted on : Sunday, October 15, 2017  12:49:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Dubai Investments supports Dubai Investment Week, targets st...
Next Story : Al Naboodah Group Enterprises Creates Sustainable Futures fo...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Sacoor Brothers launches FIRST ever Fragrance “GENTLEMAN” [16238-Views]
Get Your Summer Glow From Within [14939-Views]
Palmer's Coconut Oil Formula for Body and Hair [12816-Views]
Express Your Signature Style [12383-Views]
The Memovox Adventure [11273-Views]
Cerruti 1881 Infinite Love [10114-Views]
Tissot Lepine It's making a comeback Vintage [10022-Views]
OMEGA's second "Speedy Tuesday" sells in 01:53.17 [8778-Views]
Manero Peripheral (43 Mm) Classic Watchmaking Meets State -of-the - Art Technology [8455-Views]
The Lacoste Family Capbreton Collection [7893-Views]
Olivia Burton Watercolour Florals [7296-Views]
Ferrari takes the “Red Dot: Best of the Best” design award for the fourth year running [7198-Views]
Ulysse Nardin Salutes Us Navy With Limited Edition Executive Skeleton Tourbillon [7119-Views]
New short indie movie ‘The Peril' is a wake-up call to parents about internet safety for k... [7052-Views]
Beat the heat with mini dresses [6655-Views]
Innovative Chronofighter Superlight Carbon is replete with Graham's formidable motorsport ... [5508-Views]
DKNY Fall 2018 [5460-Views]
UAE's Emirates Transport Chooses Oracle Cloud to Drive Rapid Expansion and Deliver Excepti... [5392-Views]
Enjoy an all-day breakfast at Sophie's Café [5331-Views]
Tissot T-Race Cycling An adrenaline-fuelled ride [5295-Views]
Marchon Eyewear and G-III Apparel Group Sign Exclusive Global Licensing Agreement For DKNY... [5179-Views]
Tridom, Ras Al Khaimah's first indoor adventure park, opens its doors in Manar Mall [5161-Views]
Jaeger-Lecoultre Main Sponsor of the 75th International Film Festival of La Biennale Di V... [5118-Views]
Travel Light with Beauty Essentials from Glambeaute.com [5118-Views]
Dubai Camel Racing Club Honours Al Tayer Motors [4898-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories