Jafza records AED13.5bn steel and building materials trade

DUBAI / WAM

Jafza, the Dubai flagship logistics hub of global trade enabler DP World, announced that trade in steel and building materials reached AED13.5 billion during 2016 with further increases expected as the free zone continues to develop services for companies in the sector.
Announcing Jafza’s participation in the Big 5 exhibition being held at the Dubai World Trade Centre from November 26-29, Sultan Ahmed bin Sulayem, Group Chairman and CEO DP World, said, “Ongoing construction projects in the UAE and GCC are a strong boost for the metal, steel and construction sector in Jafza
as companies benefit from the growth in development projects throughout the region.”
“The robust health of this vital sector of the economy reflects the ongoing infrastructure development and the role Jafza plays in enabling companies to maximise their potential by providing
comprehensive services. This is in line with the economic vision and the 2071 strategy of the UAE
government, as well as the industrial plans of Dubai, which aims
to create new economic sectors and reshape existing ones through innovation and foreign direct investment.”
Jafza has allocated 1.1 million square metres of land for steel
and building materials companies, which highlights their importance. “This is part of our support of the vision of the country’s leadership to diversify the national economy in a post-oil era,” he added.
Through its annual participation in the exhibition, Jafza aims to create strategic partnerships with international companies to reach
the fast-growing Middle East and Africa markets and other opportunities in the Asia-Pacific region and Europe. Jafza has more than 967 companies operating in the steel and building materials sector from 87 countries around the world.