Jafza Achieves 9 Percent Growth in Customer Base in 2017
A total of 513 new companies chose Jebel Ali Free Zone (Jafza), the region’s premier trade facilitator and hub as their operational base in 2017, reaffirming its position as a destination of choice for businesses.
New companies represent a nine per cent increase in Jafza’s portfolio compared with the 470 new companies that registered in 2016. The number of countries from which they come from also rose from 56 to 64 year-on-year.
Jafza’s flagship commercial property, Jafza One, achieved 42 per cent growth in its customer base with a 20 per cent rise in occupancy and a 49 per cent increase in leased offices, marking its best annual performance.
Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer, DP World, said: "Jafza's has again proved its ability to attract businesses, retain them and act as a catalyst for growth. The dynamic model we’ve created through more than 33 years of experience reduces cost for investors, while enabling new opportunities for growth. Our ability to consistently outperform the industry even in adverse global economic conditions confirms the status of Jafza as a global destination for foreign companies keen on expanding across the Middle East and Africa markets.
Jafza is one of Dubai’s success stories that has developed in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai to make the emirate a hub for business and commerce.”
The new-comers increase the Free Zone’s active customer base to over 7,500 in 2017. A regional breakdown of the number of companies in Jafza shows that the Middle East dominates with 49 per cent, followed by Asia-Pacific at 28 per cent, Europe 15 per cent, Africa 5 per cent and the Americas 3 per cent.
The Electronics & Electrical sector continues to lead accounting for 16% of all Jafza-based companies, followed by Machinery & Equipment with a 13%; Foodstuffs, Livestock & Agricultural products11%; Retail & General Trading 11%; and Vehicle & Transport 11%.
Other industry verticals are Metal, Steel, Construction 8%; Services 8%; Chemicals 7%; Healthcare & Pharma 5%; Logistics 4%; Oil & Gas 4%; and other sectors2%.
Jafza One, is located at the heart of the business community adjoining Jebel Ali Port, rated among the Top 10 container ports globally.
Jafza is a dynamic base for more than 7,500 businesses, from over 100 countries, sustaining over 150,000 jobs. It accounts for almost 32% of total FDI (Foreign Direct Investment) flows into the UAEand contributes 21% of Dubai’s GDP on a yearly basis. In 2016, it generated trade worth USD 80.2 billion.
Last October, the fDi Magazine named Jafza as Free Zone of the Year 2017 for Large Tenants in the Middle East and globally and was highly commended for its facilities upgrades and contribution to the UAE’s national economy.
Jebel Ali Free Zone
Jebel Ali Free Zone (Jafza) is Economic Zones World's flagship operation. One of the world's largest and the fastest growing free zones.
Established in 1985, Jafza today is spread over an area of 48 sq. km and is home to over 6400 companies, including over 120 of the Fortune Global 500 enterprises, from across the world. It is a leading driver of the burgeoning UAE economy. With its impeccable track record, Jafza stands for innovation, customer centricity, transparent operations and entrepreneurial dynamism.
As the leading business hub of the Middle East, Jafza focuses on long-term customer relationships and foster alliances with global investors by providing them with world class infrastructure supported with value-added services and incentives. It also offers the benefit of huge business opportunities from a potential market of over two billion people in the Middle East region. Its products include office units, warehouses, light industrial units and land on long term lease. Other value-added products include business centers, hotels for visitors and customized build-to-suit options.
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