Jafza wins Dubai Quality Award 2014

Jafza, the flagship free zone entity of the Economic Zones World (EZW), has once again won the highly coveted Dubai Quality Award in the Service Category.

The Free Zone’s excellent service credentials, innovative products, the dynamic eco-system that facilitates seamless growth, and its remarkable achievements as a leading driver for attracting foreign direct investment into the Emirate by continuously offering customers outstanding personalized services, as well as, its deep commitment to community, were some of the factors that helped it win the distinctive award in the category.

The Award was presented by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai to Salma Hareb, CEO of Economic Zones World, the parent company of Jafza and Ibrahim Mohamed Aljanahi, Deputy CEO of Jafza, at a ceremony attended by His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman, Mohammed Bin Rashid Al Maktoum Foundation. The event was attended by top government officials, industry leaders and other special invitees.

Salma Hareb, commenting on the award said: “We are proud of winning the coveted Dubai Quality Award in Service Category for the third time. I consider this a recognition of our commitment to excellence. We continue to be guided by His Highness Sheikh Mohammed to pursue excellence in everything we do.”

Jafza has won three Dubai Quality Awards so far for its continued endeavors in this direction and consequent distinctive achievements as a Dubai’s leading growth driver.

In the last four years, Jafza has been efficiently discharging its mandated role to attract high quality FDI into the Emirate and the country. The Free Zone has continuously been strengthening Dubai’s status as one of the most favoured investment destinations in the world and a business hub for the wider Middle East region. Jafza has posted net growth of active companies at a 5-year CAGR of 8 per cent (from 2010 to 2014).

Jafza’s contribution to Dubai’s GDP stands at 20.6 per cent and it accounts for 23 per cent of all FDI flow into the country (2013). More than 50 percent of Dubai’s exports and a quarter of the Emirate’s total non-oil trade are generated in Jafza. By value, Jafza counts for more than 70 per cent of the total free zone trade in Dubai. In terms of volume, the Free Zone contributes 96 per cent to Dubai’s total free zone trade.

Jafza’s total Gross Value Added (GVA) contribution to the Dubai’s economy (including Jafza and Jafza companies) is AED 72.6 billion (2013). The Free Zone, through its companies, sustains over 200,000 jobs in Dubai and the UAE.