Dubai’s Jafza registers nearly 40% growth in new customer registrations in H1 2021

Dubai’s Jebel Ali Free Zone (Jafza) recorded new customer growth of nearly 40 per cent year-on-year in H1 2021, taking the total number of companies in Jafza to over 8,700.

Industry segments that recorded a significant rise include machinery and equipment (188 per cent) and vehicle and transport (100 per cent), while retail and general trading grew by 78 per cent.

.@jafzadubai Registers Nearly 40% Growth In New Customer Registrations In H1 2021https://t.co/iDny6xiUBR pic.twitter.com/YJ5zyXEOfa

— Dubai Media Office (@DXBMediaOffice) October 6, 2021

Jafza is a significant source of FDI inflow into the emirate, accounting for 23.9 per cent of total foreign investment. The free zone generated trade worth $104.2bn in 2020, contributing 32 per cent of the total trade value of Dubai as of 2020, official news agency WAM reported.

The free zone offers opportunities and market access to over 3.5 billion people, across varied sectors in the Middle East, Africa, and South Asia (MEASA) region.

Abdulla bin Damithan, CEO and managing director, DP World UAE and Jafza, said: “Jafza plays an integral role in leading Dubai’s trade sector as a regional and global business and logistics hub of choice. The sustained growth of Jafza since its inception is an indication of its ability to leverage key market dynamics and create numerous opportunities for customers in the most challenging times.”

Jafza also witnessed a 12 per cent growth in its healthcare and pharmaceuticals customer base between 2019-2020.

Read: Dubai’s Jafza healthcare, pharma customer base grows 12%