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The segment achieved a turnover of AED 13.6 billion in 2014 - Sultan Bin Sulayem 1.1 million square metre Steel Zone developed in Jafza South to support industry
Dubai, United Arab Emirates, Metal, Steel and Construction Material Sector in Jebel Ali Free Zone (Jafza) is buoyant. The sector has seen a robust growth of 8% in the number of companies in the first 6 months of 2015.
HE Sultan Ahmed Bin Sulayem, Chairman of DP World and Chairman of Ports, Customs and Free Zone Corporation said that the steel and construction material sector in Jafza generated a total business of AED 13.6 billion in 2014 and it continues to grow not only in terms of trade but also in the number of new companies. The sector's continued growth reflects the Free Zone's strength as a regional and global hub for the construction material. Evolution of Jafza as one of the leading free zones in the world is attributed to the guidelines provided by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai that focused on "growth driven by creativity and innovation".
HE Sultan Bin Sulayem said:
"To provide further boost to the sector Jafza has developed a dedicated 1.1 million square metre Steel & Building Material Zone in Jafza South. 30 companies are already working from this dedicated industry cluster."
He further added that Dubai Ports, Customs and Free Zone fully support the steel and construction material industry through their focused facilities and services. The sector plays an important role in enabling economy to achieve sustained growth.
Talal Al Hashimi, Chief Operation Officer of Economic Zones World, the parent company of Jafza, commenting on the growth prospects for the sector said:
"The construction sector in the region is quite resilient despite challenging market conditions. Major Projects currently underway in the GCC alone are valued at AED 1.2 trillion. These projects offer huge opportunities for Jafza based companies. World Expo 2020 related projects will further accelerate demand for steel and construction material. We need to capitalize on these long term prospects as best as possible."
Jafza was home to 838 companies in the metal, steel and construction material segments at the end of June 2015, which included world's top multinationals like ArcerolMittal, Baosteel, Sumitomo Corporation, Tata Steel, Itochu, Nippon Steel, Makita and CNBM. In terms of segment breakdown 54% of the companies in Jafza are dealing in construction metal, 36% metal and steel and the remaining 10 % interior and furniture.
Besides the business prospects for Jafza companies in the coming years the forum also discussed ways to further smoothening business operations at the Free Zone, which could provide cutting edge to Jafza based companies. Jafza officials talked about various initiatives that the Free Zone, in this respect, has taken in the year.
The forums are part of EZW's ongoing efforts of maintaining open channels of communication with its customers, and provide a platform to discuss global trends and opportunities in each industry sector. The forums also provide an opportunity to EZW management and customers to interact with each other to find ways to take optimum advantage of emerging opportunities and boost growth in respective industry segments.
The Metal, Steel and Building Material Forum was attended by a large number of market leaders such as ArcelorMittal, Tata Steel, Essar Steel, Conares, Qatar Steel and Fabtech. Senior EZW officials including Ibrahim Al Janahi, Deputy CEO of Jafza and Chief Commercial Officer of EZW, and representatives from DP World, Dubai Customs, Dubai Chamber, Trakhees, Dubai Exports, Ports & Free Zone Security and other Jafza partners addressed customer issues and queries.
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About Economic Zones World (EZW)
EZW is the global provider of sustainable industrial and logistics infrastructure solutions. EZW's current portfolio includes Jafza, TechnoPark and Dubai Auto Zone.
Jafza is Economic Zones World's flagship operation. It is the region's most efficient logistics hub and the only one in the world located between a top container terminal (Jebel Ali Port) and a top international airport (Al Maktoum International Airport), enabling the best in multi-modal connectivity. Jafza is a leading driver of Dubai's non-oil trade. In 2013 the Free Zone has generated trade worth about USD 90 billion.
TechnoPark is the company's dedicated initiative in the region's core economic sectors - Water, Health, Energy, Engineering and Logistics. It focuses on nurturing business ideas/new technologies in the above fields, which could be quickly translated into real-world industrial operations.
Dubai Auto Zone (DAZ) is a comprehensive market place for the Auto Industry catering to buyers, sellers, service providers, principals and traders.
About Jebel Ali Free Zone (Jafza)
Jebel Ali Free Zone (Jafza) is one of the world's leading free zones. It is the region's most efficient logistics hub and the only one in the world located between a top container terminal (Jebel Ali Port) and a top international airport (Al Maktoum International Airport), enabling the best in multi-modal connectivity. Jafza is a leading driver of Dubai's non-oil trade. In 2013 the Free Zone has generated trade worth about USD 90 billion.
As the leading business hub of the Middle East, it focuses on long term customer relationships and fosters alliances with global investors by providing them world class infrastructure duly supported with quality driven value added services and incentives, enabling them to avail huge business opportunities in the region, in the most efficient way.
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For further queries please contact Mr Var Prasad Rao (Corporate Editor)
on +971-50-9400163.
© Press Release 2015
