The building and construction sector in Jebel Ali Free Zone (Jafza), expects to double its growth over the coming four years, following results which demonstrate a 74% growth since 2010.
Revealing the sector’s value has increased from AED10.7 billion in 2009 to AED18.6 billion over the same period, future growth will largely be driven by the continued focus of GCC countries on building economic infrastructure and stimulus generated by Dubai 2020-related infrastructure projects.
HE Sultan Ahmed Bin Sulayem, chairperson of DP World and Ports, Customs and Free Zone Corporation, said: “Jafza’s evolution as a global business hub hinges around its commitment to excellence in terms of products, services and overall business ecosystem, which is fully in sync with the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to position the Emirate as the world’s top business centre and the most favoured investment destination.”
Jafza is currently home to over 800 world’s steel, building material and other construction sector-related companies such as ArcelorMittal, Tianjin Pipes, Tata Steel, Conares, China National Building Group, Danube, Saint-Gobain Gyproc, Petrogas Piping, Van Oord, Hitachi Construction Machinery, Hyundai Engineering and Construction Company among others. Most of these companies have set-up their regional headquarters in Jafza to serve the entire region most efficiently.