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UAE Freezones Biz News Updates
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Jafza attracts 267 new companies during H1, 2017
The Dubai-based Jebel Ali Free Zone, Jafza, attracted 267 new companies from
48 countries around the world, in first half (H1) of 2017, marking a growth
of 6 percent compared to the same period last year Maintaining its position
as a preferred investment destination for large-scale industrial and
commercial projects coming into the UAE, the free zone also leased more than
340,000 square metres of space for as facilities for a variety of sectors
and industries during the period.
Plots of land were most in demand with 318,000 square meters, with 11,500
square meters of warehousing space, over 2,000 square metres of office space
and 3,700 square metres in showrooms.
Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, the parent
company of Jafza, said, "Jafza’s performance in the first half of the year
highlights its position as a major hub for trade and logistics in the
region, and one of the engines of economic growth in Dubai and the UAE.
These results reflect the vision and leadership of Vice President, Prime
Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al
Maktoum, and the wide range of initiatives to attract foreign investment in
accordance with the Dubai 2021 and UAE 2021 plans. New investment
opportunities for businessmen and investors created have contributed
significantly to the diversification of the economy and the growth of Jafza,
helping us achieve the objectives of the national agenda."
Companies of Middle Eastern origin accounted for 59 percent of the new
companies that joined Jafza, followed by Asia-Pacific companies (20 percent
), European companies (13 percent) and North America and African companies
(4 percent each). The integration of Jebel Ali Port and the Free Zone is a
model DP World is implementing across its global network.
Jebel Ali Free Zone has a wide variety of sectors. Electronics companies
account for (17 percent ) of new companies; followed by equipment and
machinery businesses (14 percent ); food, agricultural products, vehicles
and transport (12 percent each); service companies (9 percent ), General
trading, steel and construction materials (8 percent each).
August 17, 2017
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Courtesy Dubai Media Incorporated
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