Dubai Ports World has announced a reduction in costs of licenses and administrative fees for companies operating in the Jebel Ali Free Zone by 50% to 70%.
According to the Emirates News Agency, more than 7500 companies based in Jafza will benefit immediately from the initiative, in addition to hundreds of new companies that are attracted by the advanced infrastructure of the free zone, which is characterized by its readiness and the leading commercial solutions that it provides to the business sector. In addition, a wide range of electronic services are available for free As a result of the ongoing electronic transformation process in Jafza.
Mohammed Al Muallem, Executive Director and General Manager of Dubai Ports World - Emirates Region and Executive Director of Jafza said: In line with the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoumi, Crown Prince of Dubai and Chairman of the Executive Council, to reduce the cost of doing business and enhance the experience of investors in Dubai, we launched this important initiative that came In time to motivate our customers to strive confidently towards achieving their goals, expanding their business, and elevating them towards broader horizons, this initiative is designed to provide added value and greater opportunities for companies by enabling them to direct their resources to support their activities in a sustainable manner and we are confident that this initiative A pioneer with a vision for the future will enable companies to do their business in a smarter way and help them increase their business volume and create new jobs.
Al-Moallem added: Trade has always been a major driver of economic development in Dubai, and DP World has played an important role in supporting trade and the activities of Jebel Ali Port and Jafza are closely linked to the companies operating in it, which benefit from world-class infrastructure facilities and the investment incentives it provides as well as great opportunities to communicate with Global Markets The Jebel Ali and Jafza Port are among the important engines for economic growth in Dubai and two leading examples in the world and two models Dubai Ports World is working to provide in other regions within our network extending around the world in addition to that they are a source R income, they are important infrastructure assets that support the prosperity of the UAE.
DP World contributes more than 33.4% of the Emirate's GDP to the Emirate of Dubai, and this initiative is expected to facilitate business in Jafza even further and further enhance Dubai's position as a leading global hub for trade and business.
As a major driver of the economy and new jobs, DP World is aware of the Emirates Region, the positive impact of this initiative, which confirms its commitment to supporting businesses on the national economy, companies and society in Dubai and the UAE in general.
