Jafza Achieves 9% Growth In Customer Base In 2017

A total of 513 new companies chose Jebel Ali Free Zone (Jafza), the region’s premier trade facilitator and hub as their operational base in 2017, reaffirming its position as a destination of choice for businesses.

New companies represent a nine per cent increase in Jafza’s portfolio compared with the 470 new companies that registered in 2016. The number of countries from which they come from also rose from 56 to 64 year-on-year.

Jafza’s flagship commercial property, Jafza One, achieved 42 per cent growth in its customer base with a 20 per cent rise in occupancy and a 49 per cent increase in leased offices, marking its best annual performance.

Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer, DP World, said:”Jafza’s has again proved its ability to attract businesses, retain them and act as a catalyst for growth. The dynamic model we’ve created through more than 33 years of experience reduces cost for investors, while enabling new opportunities for growth.Our ability to consistently outperform the industry even in adverse global economic conditions confirms the status of Jafza as a global destination for foreign companies keen on expanding across the Middle East and Africa markets.

Jafza is one of Dubai’s success stories that has developed in line with the vision of His Highness 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.”