Link August 2017 AUGUST 2017 | Page 17

Port & Freezone Ports & Freezones Jebel Ali Free Zone trade reaches $80.2 billion in 2016 Dubai-based Jebel Ali Free Zone (Jafza), a subsidiary of global trade enabler DP World, has consolidated its position as a major trading and logistics hub by growing its non-oil foreign trade by 17 per cent from 23.9 million to 27.9 million tonnes in 2016, worth $80.2 billion. Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: “The value and volume of trade through Jafza underlines the strength of the national economy and its ability to adapt to global trading conditions, create investment opportunities and open up new markets to exports from the UAE.” Mr. Bin Sulayem added that Jafza supports economic diversification in line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to provide services and incentives to investors that meet their aspirations and provide additional benefits to compete in local, regional and global markets. He noted that despite conditions facing the global economy, Jafza, has been able to progress through flexible policies and innovation. Efforts to develop commercial and customs services for August 2017 17