Dubai – MENA Herald: The building and construction sector in Jebel Ali Free Zone (Jafza), the flagship free zone entity of Dubai, has posted 74% growth in the last 5 years growing from AED 10.7 billion in 2009 to AED 18.6 billion in 2014. The Free Zone expects to double its growth in the next 3-4 years. The growth in the sector will largely be driven by the continued focus of GCC countries on building economic infrastructure and stimulus generated by Dubai 2020 related infrastructure projects.
Jafza is participating in Big5, the largest construction industry event in the Middle East, which will be held from 23-26 November, at the Dubai World Trade Centre, to highlight huge opportunities in the rapidly growing construction market in the GCC and the status of Jafza as the business and logistics hub to efficiently serve the industry in the region.
HE Sultan Ahmed Bin Sulayem, Chairman DP World and Ports, Customs and Free Zone Corporation, commenting on Jafza participation in Big 5 said:
“The building and construction is one of the most dynamic business sectors in the GCC and the Middle East region. According to a recent industry report (Venture Onsite Report) major building projects worth AED 1.2 trillion are currently underway in the GCC alone. This unveils huge opportunities for multinationals in the construction sector, which they can capitalize on by being in Jafza, which is a globally renowned trade and logistics hub for the wider Middle East region that spans from West Asia, the CIS, Africa and the Indian Subcontinent.
“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.”
“ We are committed to provide excellence driven innovative services to our customers to enable them to achieve their growth aspirations seamlessly. This will go a long way in making Dubai number 1 country in the world in terms of doing business in. Our various initiatives, directed at transforming Dubai into a smart city, are part of our efforts to implement Vision 2021 and enhancing Dubai’s readiness to successfully host World Expo 2020 in the most spectacular way” Bin Sulayem added
Jafza expects to attract a large number of companies from construction sector participating in the exhibition who may be interested in setting up their regional sales and logistics hub in the Free Zone.
Jafza stand at Big5 is located at the main concourse. Jafza officials will be available to answer all investor queries during the 4-day event at the stand.
Jafza will be highlighting the Free Zone’s key offerings and inherent strengths at “How to trade in the UAE” seminar at Big5 on November 24 which will be attended a large number of multinationals in the sector taking part or visiting the region’s top construction industry event.
The Free Zone has once again set-up “Jafza Pavilion” at Concourse 1 in Dubai World Trade Centre to support its customers in garnering focused exposure among the key consumers in the UAE and the region at a competitive price. A number of Jafza-based leading companies have joined Jafza Pavilion this year.
Jafza is currently home to over 800 world’s leading 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.
The Big5 2015 will host 2800 international exhibitors from across the world. The exhibition expects to attract more than 80,000 industry visitors this year.