Dubai’s Jebel Ali Free Zone (Jafza), one of the worlds largest free zones, and a subsidiary of global marine terminal operator DP World, has seen 7% growth in the number of oil and gas companies in the free zone during 2016.
Jafza is focused on providing innovative services to its customers in line with the vision of HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to promote Dubai’s position as a regional and global destination for investment and trade, by providing value-added services that exceed customer expectations, said the company statement.
DP World group chairman and CEO, Sultan Ahmed Bin Sulayem, said: Jafzas prime location as a gateway to the Middle East, Africa, and South Asia attracts oil and gas companies looking to enhance their presence in these markets and serve their customers more efficiently through our flagship Jebel Ali Port.
Jafzas integrated business model for companies makes business easier in line with the objectives of Vision 2021 and Dubai 2021 plan to make the local economy a major hub in the global economy, he added.
Bin Sulayem revealed that 28% of oil and gas companies in Jafza originate from the Middle East, followed by 26% from the Asia Pacific region, 25% from Europe, 18% from North America, and 3% from Africa.
He further noted that Jafza had strengthened its strategic position as a regional oil, gas and petrochemicals platform thanks to its growing customer base which includes leadings brands with growing interest from other multinational companies looking to establish their regional presence.