Dubai – MENA Herald: Jebel Ali Free Zone (Jafza), Dubai’s flagship free zone entity and a globally recognized trade and logistics hub for the wider Middle East region, is recognized by UK based fDi magazine as Free Zone of the Year under five heads.
The Free Zone won “Start-Up Support Award”; “Reinvestment Award” and “Infrastructure Development Award” in Bespoke Categories. In Regional Categories Jafza won “Highly Commended – Overall Free Zone of the Year – Middle East” and “Highly Commended – Free Zone of the Year – Large Tenant – Middle East”.
Jafza was selected for these coveted recognitions for its distinguished initiatives to support start-up organisations; its continued focus on upgrading infrastructure to keep pace and efficiently meet rapidly changing requirements of the investors and for building an eco-system that encouraged companies to continuously expand their operations in the Free Zone.
HE Sultan Ahmed Bin Sulayem, Chairman of DP World and the Ports, Customs and Free Zone Corporation commenting on the fDi Magazine Awards said:
“We are happy to receive these accolades from the Financial Times Group’s fDi Magazine. These awards reinforce our status as the region’s most favoured investment destination for large multinationals and start-ups alike. I attribute Jafza’s remarkable success over the years to its customer centric policies and approach and its commitment to service excellence that inspires and attracts global investors into the Free Zone and the country and facilitates them to achieve all their growth aspirations in this rapidly growing region.”
Jafza is currently home to over 7,000 world’s finest enterprises that include 100 Global Fortune 500 Companies. Most of these companies have set up their regional headquarters in Jafza to serve the wider Middle East region comprising West Asia, the CIS, Africa and Indian Subcontinent that Jafza as a hub serves.
According to Ernst & Young report on Jafza’s economic contribution to Dubai & UAE 2013, Jafza accounts for almost 32% of total FDI (Foreign Direct Investment) flow into the country.