The free zone generated trade worth US$ 104.2bn in 2020
DP World’s flagship Jebel Ali Free Zone (Jafza) witnessed a robust new customer growth of nearly 40% year-on-year in H1-2021, taking the total number of companies in Jafza to over 8,700.
Some of the industry segments in Jafza observed a significant rise in figures, with Machinery and Equipment witnessing an increase of 188 per cent, Vehicle and Transport seeing a 100 per cent surge and Retail & General trading growing by 78 per cent, according to a press communiqué.
As a major contributor to Dubai’s economy, Jafza is a leading source of FDI inflow into the emirate, accounting for 23.9 per cent of total foreign investment. The free zone generated trade worth US$ 104.2bn in 2020. These figures contribute 32 per cent of the total trade value of Dubai as of 2020.
“The sustained growth of Jafza since its inception is an indication of its ability to leverage key market dynamics and create numerous opportunities for customers in the most challenging times,” commented Abdulla Bin Damithan, CEO & Managing Director, DP World UAE & Jafza.
As a specialised industrial, trading and logistics zone, Jafza is recognised as a dynamic base for a smart business community. The free zone offers unprecedented opportunities and market access to over 3.5bn people, across varied sectors in the MEASA region, the press statement concluded.
Want to stay updated on the latest industry news and trends? Subscribe today to receive your monthly news highlights directly in your inbox!
