DP World’s Jebel Ali Free Zone (Jafza) achieved its highest number of customer registrations in a decade last year, with a 30 per cent year-on-year growth rate taking the total number of companies registered in the Zone to over 9,500 at the end of 2022.
During the past 10 years, Jafza has seen a 13-fold increase in logistics customers, while the vehicle and transport sector has achieved a compound annual growth rate of 26 per cent. An increased reliance on manufacturing, logistics and e-commerce has opened new market opportunities for retailers and general traders and created a demand for logistics and transport companies to handle the movement of goods through the Free Zone, Jafza states.
China and India remain key trade and economic partners for the Free Zone. The number of newly registered Chinese companies in Jafza witnessed a 400 per cent increase in 2022, while the total number of new registrations by Indian companies increased by 30 per cent compared to 2021.
Abdulla bin Damithan, CEO and Managing Director, DP World UAE and Jafza, said, “Last year, the UAE’s non-oil foreign trade reached a record AED2.23 trillion, increasing more than 17 per cent year-on-year. We can proudly say that we have played a significant role in enabling this achievement. With trade facilitated through our Jebel Ali hub increasing considerably in 2022, Jafza continues to take the lead in achieving national goals.”