The UK based Financial Times’ FDi Magazine has awarded Jebel Ali Free Zone (Jafza) ‘Free Zone of the Year 2014 – Large Tenants – Middle East and North Africa’ as well as “The Free Zone of the Year 2014 – Large Tenants – United Arab Emirates’.
FDi has selected Jafza for the twin awards on the basis of its facilities, ease of doing business, valuable incentives, value for money and its strategic location.
Salma Ali Saif Bin Hareb, CEO of Economic Zones World and Jafza, commenting on the FDi awards, said, “We are delighted to be recognized as FDi Free Zone of the Year 2014 for ‘Large Tenants’ – Middle East and North Africa, as well as, fDi Free Zone of the Year 2014 for “Large Tenants” – United Arab Emirates. The awards reaffirm Jafza’s unique position as the most favoured investment destination for large multinationals across the world. I attribute Jafza’s remarkable achievements to our most committed and efficient team that continues to help Jafza maintain its invincible leadership status today and the times to come.”
Jafza is currently home to over 7,300 world’s leading multinationals which includes 120 Global Fortune 500 companies. Most of these multinationals have chosen Jafza as their regional hub for serving West Asia, the CIS, Indian Subcontinent and Africa’s thriving markets.
By attracting world’s leading companies in the Free Zone Jafza has played a key role in positioning Dubai among the world’s top trade and business hubs.
Jafza today accounts for half of Dubai’s exports and more than a quarter of its total non-oil foreign trade. Jafza companies together are estimated to have generated trade worth $100bn in 2013. Jafza companies also account for more than 50% of the total Dubai destined and originated goods handled by the Jebel Ali Port. The Free Zone companies are also estimated to be contributing over 20% to Dubai International Airport’s freight. Jafza contributes 21% to Dubai’s GDP on year to year basis.
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Tuesday, June 10- 2014 @ 14:08 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.