Arab Today, arab today jafza registers 8 growth in companies on annual basis
Last Updated : GMT 19:20:39
Arab Today, arab today
Arab Today, arab today

Jafza registers 8% growth in companies on annual basis

Arab Today, arab today

Arab Today, arab today Jafza registers 8% growth in companies on annual basis

Jebel Ali Free Zone
Dubai - WAM

Jebel Ali Free Zone (Jafza), the flagship free zone entity of Dubai and the trade and logistics hub for the wider Middle East region, has achieved strong performance in terms of the quality of investments and the number of new companies registered in 2015.

Sultan Ahmed bin Sulayem, Chairman and CEO of DP World and Chairman of Ports, Customs and Free Zone Corporation, said: "Jafza continues to attract foreign investment and capital due to our persistent efforts in providing our customers with an integrated work environment and infrastructure ensuring manufacturing, packaging, warehousing and logistical efficiency. In 2015, the total number of companies increased by 8 per cent on annual basis between 2011 and 2015."

Bin Sulayem emphasised that these figures reiterated Jafza’s strategy and vision in playing a lead role in the post-oil future, and in implementing the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai to diversify the Emirate’s economy and develop Jafza as an attractive foreign investment zone and a centre for regional trade.

He added that, the foreign investment in key economic sectors within Jafza was simultaneously driving other sectors, adding value to the local economy.

He attributed this growth to operational efficiency and the world-class infrastructure provided to customers in the Free Zone; thus attracting new companies to set up at Jafza and existing companies expanding their facilities. This has resulted in an inclined graph with regards to the high occupancy rate at facilities of various kinds as well as the launch of several products and innovative initiatives for customers.

He asserted that Jafza’s focus on logistics and industrial activities import and re-export of goods and consumer goods played a key role in supporting and promoting economic development in Dubai.

Bin Sulayem revealed that in 2015, Jafza registered new companies of which, Middle East region investors stood at 44 per cent, followed by Asia-Pacific with 23 per cent, Europe by 21 per cent, the Americas and Africa, with 6 per cent each. Of the countries setting up businesses at Jafza, UAE stood at 35 per cent, followed by India and UK at 9 per cent and 6 per cent, respectively.

In 2015, Jafza welcomed some of the world renowned corporations including Goodrich Middle East, Royal International Gulf Trading, Xylem Manufacturing, Tubo FZE, Harit General Trading, BM Johansson & Sons, Top Link International, Flow Link Shipping & Logistics and MWH General Trading.

For facilities, 312,000 square metres of plot of land were leased to new companies, followed by 265,000 square metres of warehouse/light industrial units and 28,000 square metres of office space.

In terms of new companies, Jafza witnessed a 12 per cent growth in sectors such as Equipment & Machinery, Electronics, Steel & Building Materials, followed by Chemical Products & Petroleum sector at 10 per cent while Food, Cars & Transport stood at 9 per cent each, Healthcare & Medical Products at 5 per cent and Services & Logistics at 4 per cent.

The number of commercial and administrative transactions increased by 5 per cent on annual basis between 2011 to 2015 to reach 938,000 transactions last year. Administrative transactions including General Directorate of Residency and Foreigners Affairs-Dubai, card services and medical services touched 871,000. Commercial services that ranged close to 67,000 transactions varied between licensing and leasing, registration and renewal of licenses and leases.

The workforce in the Free Zone, both sponsored and non-sponsored was 144,000 at the end of 2015, an 8.5 per cent rise over the past five years.

The increased employment is attributed to the new companies established in Jafza in addition to other expansions and the new production lines undertaken by commercial, industrial and other companies to serve the fast-growing markets in the Middle East and Africa region.

Source:WAM

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today jafza registers 8 growth in companies on annual basis Arab Today, arab today jafza registers 8 growth in companies on annual basis

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today jafza registers 8 growth in companies on annual basis Arab Today, arab today jafza registers 8 growth in companies on annual basis

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel police detain 15 over campaign

GMT 14:19 2017 Monday ,23 October

Israel police detain 15 over campaign
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday