Dubai Ports World - Emirates Region, the main operator of logistics and business centers in the region, announced comprehensive reductions in licensing costs and administrative fees for companies operating in the Jebel Ali Free Zone (Jafza), in addition to new investors.
According to a statement issued yesterday, the company’s wide-ranging initiative aims to support Jafza customers by reducing costs related to registration, licensing and related administrative fees, by between 50 and 70%.
Beneficiaries
The initiative will benefit more than 7,500 companies based in Jafza immediately, in addition to hundreds of new companies attracted by the advanced infrastructure of the free zone, which is characterized by its readiness and the leading commercial solutions that it provides to the business sector. In addition, a wide range of e-services is now available free of charge as a result of the ongoing electronic transformation process that Jafza is witnessing.
Motivating dealers
The Executive Director and General Manager of “DP World - Emirates Region” and Executive Director of “Jafza”, Mohammed Al Muallem said: “In line with the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, to reduce the cost of doing business and enhance the experience Investors in Dubai, we launched this important initiative, which came at the right time to motivate our customers to strive confidently to achieve their goals, expand their business, and elevate them towards wider horizons. ”
"This initiative was designed to provide added value and greater opportunities for companies by enabling them to direct their resources to support their activities in a sustainable manner," Al-Moallem added.
He continued, "We are confident that this pioneering initiative with a future vision will enable companies to conduct their business in a smarter way, and help them increase their business volume and provide new jobs."
Prime drive
Al-Moallem emphasized that «trade has always been a major engine for economic development in Dubai», noting that “DP World” has played an important role in supporting trade.
He pointed out that the activities of Jebel Ali Port and "Jafza" are closely related to the companies operating in it, which benefit from world-class infrastructure facilities and the investment incentives they provide, as well as great opportunities to communicate with global markets.
The teacher said that «Jebel Ali Port and (Jafza) are considered one of the important engines for economic growth in Dubai, and two leading examples in the world, and two models (DP World) are working to provide them in other regions within our network spanning the world, in addition to that they constitute a source of income They are important infrastructure assets that support the prosperity of the UAE. ”
Facilitate doing business
Dubai International Ports - Emirates Region contributes more than 33.4% of Dubai's GDP. It is expected that the initiative to reduce corporate incorporation fees in Jafza will further facilitate the business in Jafza and further enhance Dubai's position as a leading global hub for trade and business.
As a major driver of the economy and new jobs, DP World - Emirates Region is aware of the positive impact of this initiative, which confirms its commitment to supporting businesses, on the national economy, companies and society in Dubai and the UAE in general.