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The variety of firms working within the Jebel Ali Free Zone Authority (JAFZA), absolutely or partially owned by residents of the Gulf Cooperation Council international locations, has exceeded 2400 firms. These firms function in sectors similar to meals, drinks, logistics companies, retail and common buying and selling, metals, metal, development, chemical compounds, and others, in keeping with new information launched by JAFZA.
JAFZA offers important assist to its operators by its strategic location, enabling them to entry international markets and shoppers worldwide. It additionally presents a various vary of economic connectivity by land, sea, and air transportation.
The wonderful companies and benefits offered by the free zone for enterprise actions, similar to permitting overseas buyers to personal firms 100% and easy accessibility to top-notch and extremely developed amenities, make it a super enterprise vacation spot and a gateway to international markets, enhancing competitiveness.
In June 2022, Hassana Funding Firm from the Kingdom of Saudi Arabia, which manages investments for the Common Group for Social Insurance coverage, one of many largest pension funds on the planet, introduced an funding of roughly 9 billion Saudi riyals in three main Dubai World belongings, together with a minority stake within the Jebel Ali Free Zone, which is taken into account one of the vital important Gulf investments within the area.
Greater than 9500 firms function within the free zone, together with dozens of firms listed on the Fortune 500. The area represents a strategic enterprise hub between Asia, Europe, and Africa and connects a few of the fastest-growing manufacturing and consumption markets on the planet. It has a complicated system that gives entry to over 3.5 billion folks worldwide, supported by a authorized and regulatory framework that aligns with the very best worldwide requirements. Its strategic location additionally serves as a base for firms looking for entry to new markets.
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