Investe SP enters into partnership to enable companies from SP to export via Dubai Free Zone
Cooperation Agreement was signed between president Juan Quirós and Sultan Ahmed Bin Sulayem, CEO of DP World and Jebel Ali Free Zone (Jafza)
Investe São Paulo
Small and medium enterprises from São Paulo will be able to use offices in the Free Zone of Dubai, in the United Arab Emirates, to export their products to the Middle East, North of Africa and Asia. These bases will serve as showcases for companies to show and negotiate their products with potential buyers of these expanding markets.
The Cooperation Agreement that allows the use of these offices and distribution centers was signed in Dubai, on November 9, by Investe São Paulo – an agency associated with the Department of Economic Development, Science, Technology and Innovation – and DP World, which manages the Jebel Ali Free Zone (Jafza), known as the Dubai Free Zone, one of the most active in the world.
The document signed by the president of Investe SP, Juan Quirós, and the Sultan Ahmed Bin Sulayem, CEO of DP World, will enable companies from São Paulo to use the facilities with 35% discount in the market price and take advantage of the security, local support and the business intelligence of experts in these markets.
The execution of the Cooperation Agreement took place during the Global Business Forum Latin America, promoted by the Chamber of Commerce and Industry of Dubai in the United Arab Emirates, when Juan Quirós also made a presentation on the potential of São Paulo in order to attract new investments to the State. The director of International Relations of Investe SP, Sérgio Costa, also attended the event.
Sultan Ahmed Bin Sulayem highlighted that the trade relations between Jafza and Brazil reached the mark of USD 764 million in 2015 and are likely to grow in the coming years, after the agreement entered into with Investe SP.
The first mission from Brazil to the United Arab Emirates was held in 2004, when Juan Quirós was president of Apex-Brazil. “But the country’s old dream of having an export platform in the Middle East is now coming true, with the guidance of Governor Geraldo Alckmin, who encourages the inclusion of companies from São Paulo in the international market. Companies and partner states of Investe SP will have access to this platform,” said Juan Quirós.
The president of Investe SP said in the event that the state of São Paulo is the fourth economy in Latin America, with a consumer market of 44 million people, and that the partnership with the Free Zone in Dubai will provide benefits and convenience for the companies in the state to reach very strong markets: “Important doors will be opened in the countries of the Gulf Cooperation Council, South Asia and also Africa,” said Juan, noting that bilateral trade between Brazil and the Gulf countries will grow. “We will organize mutual actions to encourage investments and exports,” he said.