JAFZA trade worth Dh40m

Published: Saturday, September 17, 2016

Jebel Ali Free Zone organised a forum for Machinery and Equipment sector. The Forum themed ‘Energy Engineering Technologies’ was also attended by companies operating in the niche field of energy engineering.

According to Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World and Chairman of Ports, Customs and Free Zone Corporation, the machinery and equipment sector in Jafza accomplished trade worth over DH40 billion in 2015; 12% of the total Jafza trade value.

Bin Sulayem said, “The UAE and other GCC nations have initiated a number of infrastructure, logistics and residential and commercial projects in the light of the economic boom resulting in a continued demand for machinery and equipment. This surge in investment has also encouraged new companies to enter this lucrative market. In Jafza, there are 730 companies from 61 countries functioning in this sector, of which companies from the Middle East region lead with 36%, Europe 28% and Asia Pacific 21%.”

Bin Sulayem stressed that the Ports, Customs and Free Zone Corporation constantly upgrades facilities to provide swift and efficient trade support to companies operating from the free zone.

The forum is a platform for customers to discuss trends in the sector and its future course of direction and was attended by senior Jafza management and government partner entities including Dubai Customs, Dubai Chambers, Dubai Exports, DP World, Trakhees, World Security and Dubai Trade. Customers also addressed their concerns to the management about matters related to operations in the free zone and put forth their suggestions to pertinent issues.