Media ININ Economy We Trust
MEDIA IN, Dubai, May 15, 2018 (WAM)
Dubai-based Jebel Ali Free Zone (JAFZA) has grown its foreign trade to reach $ 83.1 billion, or 29.4 million metric tons, the highest since 2013, at 19.5 million tons, an increase of 9.9 million metric tons.
In terms of volume, the growth rate reached 6% on an annualized basis and by 4% in value. Exports and re-exports grew by 5%. The figures show that Jafza’s contribution to Dubai’s total trade rose to 23%, representing 70% % Of the volume of free trade in Dubai.
“The growth of Jafza in the value and volume of its trade in 2017 reinforces the strength of the national economy in the face of global challenges, spur the diversification efforts of the national economy and reaffirms our strategy of attracting investments,” said Sultan Ahmed Bin Sulayem, Chairman and CEO of DP World. And to provide the highest level of service through automation of operations and facilitation of procedures for companies wishing to explore the region’s markets and to select Dubai as a destination for their trade and investment thanks to modern infrastructure and advanced legislative frameworks.
“Jafza continues to lead Dubai’s trade and economy sector from its strategic location as an international trading hub and a preferred destination for trade and logistics in the region.
He added that Jafza has prepared its strategic plan to be a key focus in the “post-oil future” by supporting the national economy and attracting foreign capital in line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Supporting diversity in the structure of the national economy by providing the best advantages and facilities for traders and investors and enabling them to compete regionally and globally.
