This is the first Free Zone in the UAE to return cash and bank guarantees
To promote ease of doing business and to support its customers Jebel Ali Free Zone (JAFZA), the GCC’s largest special economic zone, will become the first free zone in the country to return cash and bank guarantees to its clients through its new Workforce Protection Programme (WPP) initiative that is set to roll out in September of this year.
The move will provide added benefits to employees and infuse AED 1.3bn (US$ 354mn) back into Dubai’s economy that companies can invest in their operations and strengthen their businesses.
“JAFZA welcomes the UAE government’s latest initiative as it will play a significant role in taking the country in the right direction. We are committed to providing them with a fair work environment that ensures they receive all the rights, privileges, and protection,” said Sultan Ahmed Bin Sulayem Chairman of the Ports, Customs and Free Zone Corporation and the Jebel Ali Free Zone Authority.
DP World, UAE Region and JAFZA have adopted critical roles in Dubai’s economy as key employers, accounting for 16.2% of the emirate’s total workforce. Jebel Ali Port and Free Zone employees contribute to over 33% of Dubai’s GDP in 2017.
