JAFZA declared freezone of the year by fDi magazine
Jafza won Free Zone of the Year 2017 for Large Tenants in Middle East and globally, and was highly commended in the Global Overall and Middle East Overall categories. It was also commended for its facilities upgrades and contribution to the UAEs national economy.
A statement from Jafza revealed that it is home to more than 7,000 companies, including 100 Global Fortune 500 companies. Most of them have established their regional headquarters in Jafza to service key markets in the Middle East, West Asia, Africa, the Commonwealth of Independent States, and the Indian subcontinent. Its total trade volume soared to $80.2bn in 2016.
Sultan Ahmed Bin Sulayem, the chairman and CEO of DP World and chairman of Ports, Customs, and Free Zones Corporation (PCFC), said: “We are delighted that Jafza has won this award from fDi magazine. It is one of Dubais success stories and has developed in accordance with the vision of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai to make the emirate a hub for business and commerce.”
Bin Sulayem said the awards confirmed the status of Jafza as a global destination for foreign companies keen on entering the Middle East and Africa markets.
He added: Jafza is a centre for trade and logistics, which provides unrivalled benefits and incentives as well as excellent services that meet customer expectations. It attracts leading businesses and international companies through a wide range of facilities and requirements that enable them to achieve their objectives in the region.”
Jafza and Jebel Ali Port contribute 21% of Dubai’s GDP and play a pivotal role in diversifying the emirate’s economy by attracting international companies that add value to the national economy.
Bin Sulayem added: We are working to facilitate business and build partnerships with a number of countries that open markets to companies operating in Jafza.”