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Tuesday, May 30, 2023

Jafza announces 30% increase in new customer registrations by 2022

DP World’s Jebel Ali Free Zone (Jafza) has seen its highest number of client registrations in a decade, with a year-on-year increase of 30% and a total of more than 9,500 companies by 2022.

Free Zones create unrivaled opportunities across a variety of sectors through end-to-end logistics solutions, a digital trade platform and access to DP World’s global portfolio offering trade enablement support at every step of the supply chain.

Ideal business center for different industries

Over the past 10 years, Jafza’s logistics customers have grown 13-fold, while the vehicle and transportation sector has grown at a compound annual growth rate of 26%. The increasing reliance on manufacturing, logistics and e-commerce has opened up new market opportunities for retailers and general traders, and created a need for logistics and transportation companies to handle the flow of goods through the free zone.

Strengthen connections with key trade markets

China and India remain the main trade and economic partners of the free zone. The number of new Chinese companies registered in Jafza will increase by 4 times by 2022, indicating the healthy needs of the Far East after the pandemic. In recent years, the UAE and China have strengthened their relationship through initiatives such as the Belt and Road Initiative and the UAE-China Economic Partnership.

The total number of new registrations of Indian companies is up 30% compared to 2021. Economic partnerships such as DP World’s India-UAE trade bridge and UAE-India CEPA (Comprehensive Economic Partnership Agreement) increase the confidence of clients to expand their business reach through Jebel Ali.

Abdulla Bin Damithan, CEO and Managing Director of DP World UAE and Jafza, said: “At Jafza, our efforts are aligned with the vision of the UAE leadership to diversify the country’s economy and become increasingly reliant on alternative industries. Last year, the UAE China’s non-oil foreign trade reached a record AED 2.23 trillion (US$ 610 billion), an increase of more than 17% year-on-year. We can proudly say that we were instrumental in making this achievement possible. Facilitating trade by Our Jebel Ali hub will grow significantly in 2022, and Jafza will continue to lead the way in achieving national goals.”

Increase in Indian and Chinese companies

“The significant increase in new registrations of Chinese and Indian companies in the free zones has undoubtedly played a vital role in the UAE’s trade with China reaching AED264.5 billion and UAE-India trade reaching AED180.9 billion by 2022. role. Initiatives such as trade bridges, intermodal connectivity and a global portfolio utilizing DP World’s end-to-end logistics and supply chain solutions will only enhance Jafza’s appeal to business owners and keep them ahead of the curve,” Added by Bin Damithan.

In addition to intermodal connections by sea, air and land, Jafza’s proposition is strengthened by its strategic location, linking its clients to international markets and customers around the world.

These advantages, combined with the free zone’s range of services such as 100% foreign ownership, no corporate and income taxes, and easy access to state-of-the-art facilities, make it an ideal location for doing business, expanding reach and strengthening global competitiveness– trade arab news agency

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