The free zone of Jebel Ali (JAFZA) has confirmed once again its role as leading trading and logistics hub in UAE with a growth of 17% of its non-oil foreign trade in 2016, for a value of $80.2 billion.
The volume of trade in JAFZA testifies how good the national economy is able to adapt to global trading variations and to welcome new investment opportunities, especially for the export sector.
As JAFZA continues playing a vital role to enable international trade in the UAE, it has been renamed the main transit gateway not only in the country but in the whole Middle East.
Points of strength
Its points of strength lie in the complete exemption of corporate, personal income and import and re-export taxes, complete ownership of the company, full repatriation of capitals and profits, onsite customs, flexible policies and innovation, provision of services and incentives to investors, and many more.
The largest trading partner of JAFZA is China, with $11.3 billion worth of trade during 2016, thanks to the presence of many Chinese companies in its free zone that work in the logistics and import-export sectors. The second largest trading partner is Saudi Arabia ($7 billion), followed by Vietnam ($4.3 billion) and United States ($3.7 billion).
The trade mainly concerns machinery, electronics and electrical goods (49%), followed by petrochemicals, oil and gas (16%), food and FMCG (8%), textiles and garments (7%), automotive and spare parts (6%).
Trade with regions
On the top of the regions that trade with JAFZA there is the Asia Pacific region ($32.4 billion), followed by the Middle East at $27.2 billion, the European continent ($9.9 billion), the Americas ($5.5 billion) and Africa ($5 billion).
JAFZA is definitely one of the best place to choose for setting up business in UAE.
To have more information or to setup business in Jebel Ali Free Zone, click here.
Mara Di Marco
General Manager, UAEstablishment