Supportive Government initiatives and growing logistics sector have maintained strong economy in region
Jebel Ali Free Zone (JAFZA) has recently recorded 10.6% growth in the retail and e-commerce sector with a total trade value of AED 37.6bn (US$ 10.25bn) despite the sudden challenges facing both regional and global economy in recent times.
More than 1000 companies from 96 countries play a pivotal role in JAFZA’s Retail and General Trading sector, with the free zone’s unparalleled infrastructure making it the ideal location for companies to set up and operate.
Bringing together components needed to create a true multimodal logistics connectivity underscores Dubai’s long-term commitment to facilitating the growth and development of regional and global commerce.
“The e-commerce business sector was issued the highest number of licenses in the UAE, during May 2020. The first five months of the year saw a 300 per cent increase in consumer demand for e-commerce services,” commented Mohammed Al Muallem, CEO & Managing Director, DP World, UAE Region and CEO, JAFZA.
In addition to the flexibility and trade facilitation under one single window ‘Dubai Trade’, JAFZA offers a tax-free business environment with reputable regulatory bodies. It also allows existing business owners to apply for additional licenses, making them dual business license owners.
JAFZA recently announced the ‘JAFZA Customer Support Initiative’ with a 50%-70% reduction of registration, licensing and related administration functions fees as well as for new investors.
