DP World’s flagship free zone, Jafza, has more than 8,700 customers.
As a vital trade and logistics hub and one of the region’s largest trade hubs, DP World’s flagship free zone, Jafza, is home to more than 8,700 customers. The specialized industrial, commercial and logistics zone offers unprecedented growth opportunities and market access to more than 3.5 billion people, in various sectors of the Measa region.
The ideal location of the free zone next to the largest deepwater Jebel Ali port in the region, its multimodal connectivity and proximity to Al Maktoum International Airport, the long-awaited Etihad Railway and major major Regional highways have proven to be a major attraction for businesses. Additionally, due to its integrated service offerings and arrangements, including dual licensing, over 100 Fortune 500 companies prefer Jafza as their regional headquarters.
Incorporating the principles and best practices of trade, the Jebel Ali Free Zone (Jafza) has since its inception stimulated trade and investment, facilitating the transfer of skills and knowledge to its partners in the free zone. The number of international companies located in Jafza is an indication of their continued success.
Some of the key segments that contribute to Jafza’s growth figures include electronics and power, petrochemicals, vehicles and transportation, retail and general trade, machinery and equipment, and healthcare and pharmaceuticals. In terms of trade value, countries such as China, Saudi Arabia and India continue to lead as trading partners. This growth has been complemented by DP World trade bridges which are part of the entity’s Dh2 trillion trade initiative.
In line with UAE’s strategic goals of strengthening bilateral trade relations with countries around the world, DP World introduces several trade bridges with countries and regions including India, China, Africa, Pakistan, North America and Latin America. DP World’s trade bridges have been accelerators of Jafza’s success. In 2020, the free zone generated trade worth $ 104.2 billion. In the first half of 2021, the free zone experienced 40% growth in new customer registrations.
In 2019, DP World launched the India-UAE Bridge, a trade and investment development initiative that aims to attract Indian businesses to its flagship Jebel Ali Port and Jafza. Through this effort, the entity provides end-to-end solutions to businesses and entrepreneurs and acts as a platform that enables resourceful Indian companies to access markets in the Middle East and the world. The initiative enables Indian companies across various industries to take advantage of DP World’s broad portfolio of ports, inland logistics and industrial areas in the UAE, India and globally. This gives companies access to new opportunities and markets and provides transparent supply chain solutions, while complementing India’s vision of “Make in India to Make for the World” and facilitates profitable investments for companies. Indian.
To complement business and ensure unhindered business operations in India and other parts of the world, DP World has also launched CARGOES, its digital logistics platform that will provide customers with a one-stop-shop solution for efficient movement of goods. . In addition, within the framework of CARGOES, the trade finance platform offers financial institutions the possibility of supporting SMEs with the necessary capital.
Latin America is of strategic importance to Dubai. According to the Dubai Chamber of Commerce and Industry (DCCI), Dubai’s exports, re-exports to Latin American countries reached $ 60.5 million in the first quarter of 2021, with a jump of 69%, the Brazil and Mexico occupying the largest market shares. To support this growth, DP World’s Latin American Bridge has played a vital role in inviting Latin American investors to take advantage of Jafza, which offers proximity to global markets by creating re-export facilities. Its proximity to the port of Jebel Ali, which offers more than 180 shipping lines and more than 80 weekly services, is an additional asset.
As a dynamic base for companies from all sectors, Jafza is also home to key partners from Africa. In addition, most companies have set up their regional headquarters in the free zone to serve these two regions which have immense potential for commercial growth. In view of this, DP World is capitalizing on the skills of the countries by introducing trade gateways which will help to extend its network of logistics operations. DP World gives companies the ability to utilize the entity’s presence in African countries, from ports in Egypt, Senegal and Mozambique, to domestic logistics facilities in Rwanda. With Jafza as a model, DP World is also planning three free zones across Africa, in Egypt, Senegal and Somaliland. With the expansion of ports and inland gateways, this network will open up trade with Africa.
More recently, DP World acquired the South African company Imperial Logistics, a leading name that will add significant strategic value to the company given its extensive global network and integrated logistics solutions. The new development will allow DP World to provide end-to-end solutions to freight owners in a larger market.