Search DubaiPRNetwork.com

Dubai and UAE
Home >> Banking & Investments

Jafza attracts 267 new companies during the first half of 2017

Jafza attracts 267 new companies during the first half of 2017

Wednesday, August 16, 2017/ Editor -  

Share

Home >> Banking & Investments

Dubai, UAE, August 16, 2017:  The Dubai-based Jebel Ali Free Zone (Jafza) has maintained its position as a preferred investment destination for large-scale industrial and commercial projects coming into the UAE. During the first half of 2017, Jafza attracted 267 new companies from 48 countries around the world, marking a growth of 6 percent compared to the same period last year.

Jafza also leased more than 340,000 square meters 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 His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, 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% of the new companies that joined Jafza, followed by Asia-Pacific companies (20%), European companies (13%) and North America and African companies (4% 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%) of new companies; followed by equipment and machinery businesses (14%); food, agricultural products, vehicles and transport (12% each); service companies (9%),
General trading, steel and construction materials (8% each).


Previous in Banking & Investments

Next in Banking & Investments


Home >> Banking & Investments Section

Latest Press Release

Ministry of Industry and Advanced Technology extends nomination period for Make ...

Icons shine with OMEGA in Milan

LG Announces First-Quarter 2024 Financial Results

Dubai South Signs Agreement With Agmc To Launch A New AED 500 Million State-Of ...

Terra Nova 40.5 Turning Bezel Power Reserve

ADMAF announces the return of 'Riwaq Al Adab Wal Kitab' with a lively cultural p ...

Formula E And Fia Unveil Gen3 Evo Race Car Capable Of 0-60mph In Just 1.82s

FEST Auto and Abu Dhabi University collaborate to accelerate sustainable urban m ...

Dubai Customs and "Dubai Charity" Distribute Meals and Food Supplies t ...

HM8 MARK 2 Back to the dream

Expo City Dubai to Host The Wings for Life World Run for the 2nd Consecutive Yea ...

Thousand mangrove trees to be planted as part of EarthSoul Festival in Dubai

World Art Dubai 2024 Unveils 12 International Pavilions Showcasing Global Artist ...

A New Blueprint for Health and Vitality at AyurMa: Introducing PraMā at Fou ...

Over AED 768 million worth pension disbursements for the month of April, announc ...

Experts outline a promising future for the GCC hospitality sector, as the UAE ma ...

Union Coop and Ministry of Human Resources and Emiratization Collaborate to Trai ...

Moorfields Eye Hospital Dubai unveils 20% expansion, equipped with the latest te ...

Dubai Food Festival 2024: Get ready to feast your senses at Mall of the Emirates ...

RAKEZ achieves 61% increase in new company registrations in Q1 2024