Jebel Ali Free Zone hosts 350 new businesses

Major multinational names are among 350 new companies to have opened businesses in Dubai’s Jebel Ali Free Zone this year.

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By  David Cass Published  November 18, 2002

Major multinational names are among 350 new companies to have opened businesses in Dubai’s Jebel Ali Free Zone this year. They include Hitachi Construction, Nikai, Hyundai Mobis, Paxor Gulf and Perrier.

The Free Zone reports major growth during 2002, with a total of 2,300 companies now registered there. This makes it one of the world’s largest free zones, with 100 more companies registering this year compared with 2001.

The national breakdown of the 350 new entrants is: 52 from the UAE, 44 from India, 25 from Iran, 24 from the UK, 22 from the U.S., 13 from Canada, 11 from Germany, 7 from China and 7 from Jordan.

The executive chairman of Dubai Ports, Customs and Free Zone Corporation, Sultan bin Sulayem, said: "JAFZA is committed to strengthening its relationship with the international business community at the same time as contributing significantly to the strategic development of Dubai.

"The trend for companies to expand their facilities and business options to manufacturing and factory units is growing and we are encouraging our business partners by continuing to provide the best facilities and services."

Occupancy of both leased office space and light industrial units is running at 99 per cent and an aggressive expansion programme is under way. An additional multi-storey office building is due to be completed in January and expansion of the free zone to the south side of Sheikh Zayed Road is underway. Phase 1 of the project is also due for completion in January.

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