Jafza Announces 7 Percent Growth of Oil and Gas

Jafza, one of the world’s largest free zones, and a subsidiary of global trade enabler DP World has seen 7 per cent growth in the number of oil and gas companies during 2016.

DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem: “Jafza’s prime location as a gateway to the Middle East, Africa and South Asia attracts oil & gas companies looking to enhance their presence in these markets and serve their customers more efficiently through our flagship Jebel Ali Port.”

Jafza is focused on providing innovative services to its customers 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 promote Dubai's position as a regional and global destination for investment and trade, by providing value-added services that exceed customer expectations. Jafza’s integrated business model for companies makes business easier in line with the objectives of Vision 2021 and Dubai 2021 plan to make the local economy a major hub in the global economy, he added.

Bin Sulayem revealed that 28 percent of oil and gas companies in Jafza originate from the Middle East, followed by 26 percent from the Asia Pacific region, 25 percent from Europe, 18 percent from North America and 3 percent from Africa.

Bin Sulayem said that Jafza had strengthened its strategic position as a regional oil, gas and petrochemicals platform thanks to its growing customer base which includes leadings brands with  growing interest from other multinational companies looking to establish their regional presence. 

In April, China's CNBC announced the establishment of its 55,000 square metre regional headquarters in Jafza. It will consolidate all of CNBC’s 16 listed entities under one roof.