Autoworld International invests AED 45 mn in Jafza hub: The UAE-based regional distributor for India’s Bajaj Auto, Autoworld International, is investing AED 45 mn to develop a new logistics and assembly center in Jebel Ali Freezone (Jafza), according to a press release. The facility will support the growing demand for fuel-efficient two- and three-wheelers across Africa and the Gulf, on the back of increased urbanization, e-commerce, and last-mile delivery activity.
Timeline and details: Built over 162k sq ft and slated to be completed before 2026, the site will include a Bajaj assembly plant, as well as warehousing and distribution for spare parts, tires, and lubricants.
DATA POINT- Jafza serves as a critical logistics center for the automotive industry in Dubai, with 48% of the Emirate’s automotive trade facilitated through the zone.
About Autoworld International: The vehicle distribution firm serves as Bajaj Auto’s distributor, moving the Indian company’s two and three-wheelers to over 25 countries in Africa and the Middle East. The company has had operational presence in Jafza for over 16 years.
INVESTMENT UPDATES FROM EGYPT
More Chinese manufacturers eye Egypt as export hub: Two Chinese garment and textile players are readying up around USD 90 mn in investments to set up export-oriented shops in Egypt, according to a statement from the Investment Ministry. Zhejiang Holding is planning an initial USD 20 mn textile investment in Egypt’s garment and textile sector, with the goal of scaling up to USD 50 mn over the next five years. In addition, Jiangsu Haite Fashion wants to build a USD 20 mn garment factory in Egypt, aiming to tap into the country’s freetrade agreements for exports to Europe and the US.
Egypt’s already got plenty in the pipeline: A long list of Chinese players have inked agreements to set up textile factories in the Qantara West Industrial Zone, including Comfily Hong Kong Co, Shaoxing Beiqi Textile, Hightex Co., Ltd Hangzhou, GS Global Sourcing, Guangdong Hongxin Textile, Top New Garment Group, Jiangsu Guotai, and Di Seta.
DATA POINT- Qantara West has nabbed majority of Egypt’s foreign textile investments, with 23 total contracted projects and a combined investment cost of USD 638.5 mn and the expectation that 33.6k new jobs will be created, according to a statement.