Dubai - Mubasher: The Jebel Ali Free Zone (Jafza) recorded a growth in the total number of registered companies by 9% last year.
The number of companies in the free zones rose to 513 new companies by the end of 2017, compared to 470 in the year before, as reported by the Emirates News Agency (WAM).
Jafza One has achieved its best annual performance with a 42% growth in customer base with a 20% rise in occupancy and a 49% increase in leased offices.
"Jafza has again proved its ability to attract businesses, retain them and act as a catalyst for growth. The dynamic model we have created through more than 33 years of experience reduces the cost for investors while enabling new opportunities for growth,” said DP World chairman and CEO Sultan Bin Sulayem.
He added that Jafza's ability "to consistently outperform the industry even in adverse global economic conditions" confirms its status as a global destination for foreign companies that are looking to have and expand their presence in the Middle East and Africa markets.
"Jafza is one of Dubai’s success stories that has developed in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, vice president, prime minister and Ruler of Dubai, to make the emirate a hub for business and commerce,” Bin Sulayem further indicated.
