DP World Company and UAE’s flagship trade and logistics hub, have seen a growth of 14% in the number of registered companies, since June 2015 to June 2016.
The growth is attributed largely on the commitment of GCC countries when it comes to developing infrastructure, as well as the economic stimulus that has been generated by Expo 2020 projects.
DP World Company is a building and construction sector in Jafza, it is one of the leading employment generators that employs more than 18,800 people and occupies a space of 3.56 million square metres of combined facilities.
One of the largest construction industry events called the Big 5 Dubai occurred in the Middle East during 21-24th of November as the Dubai World Trade Centre. Jafza participated in this event to showcase the large amount of opportunities that are growing in the constructions market, as well as position itself as the region’s leading business and logistics hub.
Since the government is allocating significant budgets towards developing infrastructure in the Middle East and North Africa (MENA), tremendous change can be expected in the near future. Jafza is one of the best places for constructions firms looking to expand in the MENA region, as it provides a world-class business platform.
The Big 5 exhibition has attracted many leading conglomerates from the construction and building industries, which is a step in the right direction towards UAE’s Expo 2020 infrastructure plans. Jafza’s integrated and seamless trade corridor, supported by a one-stop online trade portal for ease of doing business, provides businesses with the best in what logistics parks have to offer globally.
Over the next 10 years, the construction sector in the MENA region is expected to grow immensely, boosting the regional industry from a projected USD215 billion in 2016 to USD313 billion by 2020 and USD467 billion by 2025.
Jafza’s commitment to excellence when it comes to its products, services and inclusive business ecosystem, have all contributed to the free zones evolution of becoming a global business hub. Jafza’s supports the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to make UAE one of the best business centre’s and investment destinations in the world.
Another exhibition by the free zone known as ‘Jafza Pavilion’ at Dubai World Trade Centre, assists its customers to accomplish their business goals by providing them with a platform where they can interact with key consumers in local and regional markets.
Some of the Jafza-based companies that were featured in the pavilion were:
- Conares steel manufacturer
- Duke International building materials supplier
- Imdaad facilities management provider
- Steel Mart steel supplier
- Naffco firefighting solutions provider
More than 961 of the world’s best steel, building material and construction sector companies currently reside in Jafza. These include:
- Tianjin Pipes
- Tata Steel
- China National Building Group
- Saint-Gobain Gyproc
- Petrogas Piping
- Van Oord
- Hitachi Construction Machinery
- Hyundai Engineering
- Construction Company
By setting up their regional headquarters in Jafza, these companies are able to serve the entire region with the help of the free zone’s facilities that enables them to boost efficiencies and global trade.