Sunday 12, November 2017 by Jessica Combes

Seven per cent growth of oil and gas companies in Jafza

 

Jafza, one of the world’s largest free zones, and a subsidiary of global trade enabler DP World has seen seven per cent growth in the number of oil and gas companies during 2016.

Jafza is focused on providing innovative services to its customers in line 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 promote Dubai's position as a regional and global destination for investment and trade, by providing value-added services that exceed customer expectations. Jafza’s integrated business model for companies makes business easier in line with the objectives of Vision 2021 and Dubai 2021 plan to make the local economy a major hub in the global economy, according to Sultan Ahmed Bin Sulayem, DP World Group Chairman and CEO.

“Jafza’s prime location as a gateway to the Middle East, Africa and South Asia attracts oil & gas companies looking to enhance their presence in these markets and serve their customers more efficiently through our flagship Jebel Ali Port,” said Bin Sulayem.

It was revealed that 28 per cent of oil and gas companies in Jafza originate from the Middle East, followed by 26 per cent from the Asia Pacific region, 25 per cent from Europe, 18 per cent from North America and three per cent from Africa.

Bin Sulayem added that Jafza had strengthened its strategic position as a regional oil, gas and petrochemicals platform thanks to its growing customer base which includes leadings brands with growing interest from other multinational companies looking to establish their regional presence.

In April, China's CNBC announced the establishment of its 55,000 square metre regional headquarters in Jafza. It will consolidate all of CNBC’s 16 listed entities under one roof.