Jebel Ali Free Zone Authority (JAFZA) vice president for marketing said that a new industrial area is being set up in Dubai at a cost of $545 million to house companies dealing in vehicles and related service and spare parts industries.
He said that the purpose is to create a specialized marketplace for the automobile business, and that they hope to have manufacturers, traders, suppliers and end-users in one place.
He said that the Dubai Auto Zone is being developed for an investment of more than $545 million, and Dubai Auto Zone will consist of a free zone to attract foreign direct investment, a specialized economic zone to cater to the GCC market, and a retail zone to serve the local market.
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