122 Brand-new business from 33 nations set up in Jafza throughout Q1 2017

Express News Global

By Staff/Published: JUNE 01, 2017

122 Brand-new business from 33 nations set up in Jafza throughout Q1 2017
122 Brand-new business from 33 nations set up in Jafza throughout Q1 2017

DUBAI: Jebel Ali Free Zone (Jafza), a business of global trade enabler DP World and a significant location for foreign direct financial investment in the Middle East, Africa and CIS states, signed up 122 brand-new business from 33 nations throughout the very first 3 months of 2017.

Majority (55 percent) of brand-new business were from the Middle East area, followed by 22 percent from Asia-Pacific, 16 percent from Europe, 4 percent from Africa and 3 percent from North America.

Sultan Ahmed bin Sulayem, Group Chairman and CEO DP World, stated: “The variety of business shows financier self-confidence in Jafza services and centers in a wide variety of market sectors

” Jafza’s ingenious technique remains in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of the UAE and Ruler of Dubai, to embrace global finest practice in business sector to bring in foreign financial investments to the UAE and Dubai.” Our method is likewise assisted by the UAE 2021 Plan and Dubai 2021 Plan in the nation’s preparation for the post-oil economy.

Mr. Bin Sulayem kept in mind that as an outcome of business growth by existing business and the addition of brand-new ones, Jafza has actually rented more than 158,000 square meters of area with plots of land amounting to 148,000 square meters and storage facilities 5,700 square meters.

Mr. Bin Sulayem stated that the tenancy of storage facilities and light commercial systems had actually reached 82 percent after brand-new systems were included in 2015, while the tenancy of personnel lodging had actually gone beyond 95 percent.

The tenancy for workplace in the Free Zone was now 66 percent following the addition of brand-new workplace in Jafza’s brand-new office complex, Jafza One. Display room tenancy stands at 78 percent, with little workplaces and workstations for SMEs at 98 percent.

Service sectors.

Of the 122 business signed up, 20 percent remained in the basic trading and retail sector, followed by 11 percent in steel and structure products, with 10 percent each in the vehicle & transportation, devices, equipment and services sectors.

Jafza is working on an incorporated task to re-engineer its operations and services In Q1 2017, it finished the automation of more of its services with clients no longer needed to physically go to the service centre for extra services.

These can now be finished through the Group’s Dubai Trade website or by calling the Jafza Call Centre.

The Free Zone has actually likewise executed a digital signature system in coordination with its tactical federal government partners, embassies and consulates in the nation so that the files can be straight emailed to clients’ signed up e-mail address. Confirmation can likewise be done through a devoted site.
Facilities

In cooperation with the Roads and Transport Authority (RTA), Jafza is constructing another six-lane two-way bridge to connect Jafza North and Jafza South, to alleviate traffic on the Dubai Logistics Corridor, specifically container traffic headed from Jebel Ali Port to Al Maktoum International Airport. The task is anticipated to be finished by the end of the year.

Throughout the very first quarter, Jafza likewise started the building of a 150,000 square meter property complex for employees, with 13 structures and 3,536 spaces.

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