Jafza customer base increases 9 percent in 2017

By the end of the year, the free zone had over 7,500 active companies registered
Jafza customer base increases 9 percent in 2017
By Bernd Debusmann Jr
Mon 09 Apr 2018 08:06 AM

The Jebel Ali Free Zone’s (Jafza) customer base grew nine percent in 2017, with 513 new companies registering in the free zone, Jafza announced on Saturday.

In 2016, 470 new companies registered.

Jafza One, Jafza’s flagship commercial properties, recorded a 42 percent increase in its customer base, as well as a 20 percent rise in occupancy and a 49 percent rise in leased offices.

“Jafza has again proved its ability to attract businesses, retain them and act as a catalyst for growth,” said Sultan Ahmed Bin Sulayem, DP World group chairman and CEO. “The dynamic model we have created through more than 33 years of experience reduces the cost for investors while enabling new opportunities for growth.”

The DP World CEO added that Jafza is “one of Dubai’s success stories” that has made it a global hub for business and commerce.

The 513 new companies brought Jafza’s total active customer base to more than 7,500 in 2017. Of these, 49 percent come from the Middle East, followed by the Asia-Pacific region (28 percent), Europe (15 percent), Africa (5 percent) and the Americas (3 percent).

Companies in the electronics and electrical sector account for 16 percent of Jafza-based companies, followed by machinery and equipment (13 percent), foodstuffs, livestock and agricultural products, retail and general trading, and vehicle and transport companies, with 11 percent each.

The remaining companies are from the metal, steel and construction sector (8 percent), chemicals (7 percent), healthcare and pharmaceuticals (5 percent), logistics (4 percent) and oil and gas (4 percent).

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