Jebel Ali Free Zone (Jafza), which is the DP World’s leading trade and logistics hub, organised a groundbreaking ceremony for the first phase of its recent “Jafza Logistics Park” and is planned to be completed by 2023.
The purpose behind the trade and logistics development is to adjust the rising number of warehousing, processing and logistics activities being carried out in Dubai.
Abdulla Bin Damithan, CEO & Managing Director, DP World UAE & Jafza and the company’s leadership team attended the groundbreaking on Friday, 28 April.
Jafza Logistics Park will help strengthen the success of the logistics group in Jafza, which has already risen by 14% since 2016. The entire project covers a leasable area of around 46,000 square meters, out of which 87% will be allotted towards warehousing. The remaining area will be allocated to office facilities.
The CEO and Managing Director of DP World UAE and Jafza said, “We acknowledge the vital role the logistics sector plays in boosting the growth of various industries around the globe. Jafza is aligned with key government initiatives, like the Dubai Silk Road strategy, to facilitate economic growth. As the UAE grows into a global processing and re-distribution gateway, we have undergone a significant spike in logistics and warehousing space demand. We are building the Jafza Logistics Park in response to this growth in demand and further to boost the expansion of the UAE’s logistics sector”.
Bin Damithan further added, “Logistics companies in e-commerce and similar growing segments can benefit from the Park’s modern offerings, including digital trade enablement, competitive costs, and customisable units. We are in talks with several large customers that need 60 to 80% of the space and may need to commission phase two ahead of plan”.
Presently, Jafza’s logistics group is home to over 460 companies from 30 countries, almost all international logistics providers who function already through the free zone. The new development will sustain their growth aspirations and will also draw new players seeking to set themselves in the market.