DP World and associates agree to provide holistic and comprehensive solutions
Jebel Ali Free Zone (JAFZA) has announced it has ramped up efforts to support the Small and Medium Enterprises (SME) sector affected by Covid-19.
The Free Zone recently hosted a webinar titled ‘Empowering Growth during Business Uncertainty’ that attracted top industry experts and JAFZA associates. These included Abdullah Alajaji, Founder, Driven Properties; Paul Bryson, Director-Domestic Structuring, Virtuzone and Mohammed AlDahbashi, Co-Managing Partner, of the UAE law firm Al Dahbashi Gray.
SMEs account for 94 per cent of all companies operating in the UAE and generate more than 86 per cent of the private sector’s jobs. The ‘JAFZA Customer Support Initiative’ launched earlier this year, offered a 50 to 70 per cent reduction of registration, licensing and related administration functions fees in JAFZA as well as for new investors.
The initiative included the waiver of the application and attestation fees for all new incoming business. The key objectives of the exercise were to ease cost burdens for customers, increase JAFZA market share, and maximize asset base.
“At Jafza, we’ve worked diligently towards ensuring our customers are fully satisfied with the support we give them and our service excellence. The initiatives are also designed to further incentivize customers to continue to operate from JAFZA, especially in the prevailing market uncertainties,” commented Ahmad Al Haddad, COO, Parks and Zones–DP World, UAE Region.
“In turbulent times, it is of paramount importance to embrace change. With the landscape of doing business evolving via technology and talent, it is those businesses with the right discipline and growth mindset that will thrive and capture a larger market share in their respective sector,” noted Alajaji.
“At Virtuzone, we have taken our role very seriously and we are working relentlessly with our partners to find new tactics to support businesses at any stage of growth. We are therefore pleased to be part of this webinar with JAFZA,” observed Bryson.
“When the country went into complete lockdown, we witnessed the legal industry transform overnight into a complete tech-based online resource platform. In a short period, the Courts were able to redirect all services electronically,” remarked AlDahbashi.
