DP WORLD, UAE REGION ANNOUNCES UP TO 70% REDUCTION IN BUSINESS SET-UP COSTS FOR JAFZA-BASED COMPANIES
Timely Confidence Building Measure will benefit more than 7,500 existing companies as well as newcomers
Dubai, United Arab Emirates, 10th of March 2020: DP World, UAE Region, the region’s premier logistics and business hub operator, has announced across-the-board reductions in licence registration and administration costs for companies operating in its flagship Jebel Ali Free Zone (Jafza) as well as for new investors.
The far-reaching Jafza Customer Support Initiative is designed to slash business-related fees by between 50 per cent and 70 per cent for registration, licensing and related administrative functions.
The initiative will immediately assist more than the 7,500 businesses that operate out of Jafza and hundreds of new businesses attracted by the premier Free Zone’s plug and play infrastructure and solutions for trade.
In addition, a range of other online services will now be offered free of cost as a direct result of Jafza’s on-going digitalisation process.
Mohammed Al Muallem, CEO & Managing Director, DP World, UAE Region and CEO of Jafza, said:
“The initiative is highly significant and in line with the recent call by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, to bring down the cost of doing business and enhance investor experience. It’s a timely move to inspire our customers towards pursuing their business targets with greater confidence and purpose. It’s specifically designed to create value and opportunities for the companies to channel their resources to support their activities sustainably. We believe this forward-looking initiative will enable companies to do business in a smarter way and generate more business and create new jobs.
“Trade has always powered Dubai’s economic development and DP World has played a central role in supporting it. The activities of our flagships Jebel Ali Port and Jebel Ali Free Zone are very closely connected with companies located there to take advantage of the world class infrastructure facilities and investment incentives and to connect to global markets. The twin economic growth engines are examples to the world and serve as models DP World is rolling out in other locations across our network worldwide. As wealth generators, they are critical infrastructure assets that underpin prosperity and success for our nation.”
DP World, UAE Region contributes to over 33.4% of Dubai’s GDP and believes this initiative will further enhance the ease of doing business at Jafza, and continue to position Dubai as one of the global centres for commerce and trade.
As a key economic and employment generator, DP World, UAE Region understands the impact that a renewed commitment can bring to the national economy, businesses and the community of Dubai and the UAE.