Dubai - Mubasher: Jebel Ali Free Zone (Jafza) announced on Saturday that trade in steel and building materials reached AED 13.5 billion during 2016 with further increases expected as the free zone continues to develop services for companies in the sector.
“Ongoing construction projects in the UAE and GCC are a strong boost for the metal, steel and construction sector in Jafza as companies benefit from the growth in development projects throughout the region,” said Sultan Ahmed bin Sulayem, the chairman and CEO of DP World.
The total value of almost 22,680 current construction projects in the Gulf Cooperation Council (GCC) countries is estimated to be $2.4 trillion (AED 8.8 trillion) according to a report by BNC (Business News for Construction).
Projects in the GCC represent 85% of all those in the Middle East.
Jafza will participate in the Big 5 exhibition, which will be held at the Dubai World Trade Centre from 26 to 29 November.
