Tuesday 21 September 2021

Jafza to showcase construction sector expertise at Big 5

DUBAI, 10 days ago

DP World, UAE Region’s Jebel Ali Free Zone (Jafza) will be showcasing its core competencies in the construction and building materials industry with its participation at the upcoming Big 5 expo in Dubai. 
One of the largest construction and contracting events in the Middle East region, The Big 5 event is set to take place from September 12 to 15 at the Dubai World Trade Centre.
Jafza’s participation at The Big 5 is considered of exceptional importance, as the Free Zone will offer a wide range of solutions that will enable key players in the region to tap into new markets and grow their business, said the statement from DP World, UAE Region. 
With its robust logistics capabilities and expansive reach, Jafza succeeded in supporting over 3,300 construction-related companies, enabling trade worth AED17 billion in 2020. This figure accounts for 29% of total construction-related trade in Dubai in 2020, it added.
CEO & Managing Director Abdulla Bin Damithan said: "The construction and building materials sector is vital in Jafza, as it is one of the main drivers in the free zone and is also considered as the key indicator for the development and prosperity of any nation."
"The construction industry in the UAE will witness a rebound in 2021 with a predicted growth of 5.9% and average growth of 2.0% through 2025. We firmly believe that we can contribute to these figures, setting the stage for construction and building materials companies, as we are the trade gateway to the Mena region and beyond," noted Damithan. 
"With our participation in The Big 5, our goal is to not only improve growth prospects for the companies in the construction sector, but also help them reach wider markets," he added.
At the event, Jafza will also exhibit its key offerings that have made it a crucial pillar of the UAE’s economy. 
The Free Zone’s strategic location, integrated business environment and robust incentives like 100% ownership, onsite customs, 0% duties on import/export or re-export and digital solutions via Dubai Trade have given the free zone the reputation of being the most preferred base for leading local and global players in the sector, added Damithan.-TradeArabia News Service


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