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A key pillar supporting Dubai’s economy, DP World’s flagship Jebel Ali Free Zone (Jafza) will generate more than AED454.7 billion (US$124 billion) in trade in 2021, up 19 percent year-on-year. Trade growth compared to AED382.8 billion facilitated by Jafza in 2020.
Complementing this growth was an 18.6% increase in the number of new companies registered in the free zone, bringing the total to more than 9,000, according to a WAM report.
More than 25% of new companies registered in the free zone belong to the retail and general trade sectors, with the highest representation in Jafza. It was closely followed by electronics and electrical, which grew by nearly 10%, and the automotive and transportation sector, which grew by more than 9%.
Departmental progress
There was also a marked improvement in trade in several sectors of the free zone. The electrical and machinery industry topped the list, followed by building materials, consumer electronics and auto parts.
Abdulla bin Damithan, Chief Executive Officer and Managing Director, DP World UAE and Jafza, said: “Considering the challenges of reshaping global supply chains, we are proud of what we have achieved over the years, especially since 2020. Even with the disruption caused by the pandemic Trading operations, thanks to our investments in technology and advanced infrastructure, we have successfully maintained business continuity for our customers and us. These allow us to operate smoothly and keep us ahead of the competition. In our successful On top of that, we will continue to invest in digital platforms with our partners to ensure the seamless flow of goods.”
The increase in Jafza’s trade took on greater significance given that it came in a challenging year, with ports around the world facing congestion due to blockades and other restrictions. However, trade from Jafza continues to flow smoothly due to its proximity to Jebel Ali Port, the largest deep-sea port in the region, and Al Maktoum International Airport, as well as its multimodal transport model.
Integrated electronic platform
Using the capabilities of Dubai Trade, a single-window integrated electronic platform for traders and logistics companies, Jafza customers can easily access data from global supply chains. The digital service provides details of vital information related to various commodities directly from their production source and provides instant quotes to help shippers get the best deal.
In addition to these advantages for Jafza customers, the newly established Yiwu Market is located in the heart of the Free Zone. This is the first smart free zone marketplace in the Middle East, serving the retail and wholesale industries and revolutionizing trade in the region by providing advanced end-to-end solutions. These factors combine to make Jafza an ideal business hub, facilitating global trade. — arab trade news agency
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