Latest news with #AED620
Trade Arabia
28-03-2025
- Business
- Trade Arabia
Jafza expands logistics park with strategic investment
Jebel Ali Free Zone (Jafza) is strengthening its position with a strategic investment of AED90 million ($25 million) in Phase Two of its cutting-edge Logistics Park. Adding 360,000 square feet of Grade-A facilities, the expansion aligns with the UAE's push to grow its logistics sector to AED200 billion annually in the next seven years and cements Dubai's role in international trade. The second phase delivers world-class infrastructure, including modern offices, customisable units, temperature-controlled warehouses, loading docks, and enhanced power capacity to support diverse industries. Abdulla Al Hashmi, Chief Operating Officer of Parks & Zones at DP World GCC, said: "The expansion of Jafza Logistics Park reflects our commitment to helping businesses compete globally and simultaneously drive foreign investment into Dubai." The Phase One was fully leased before completion, highlighting strong demand for quality logistics and warehousing, and Phase 2 takes this a step further - offering flexible, high-quality solutions to support growth in multiple sectors, said Jafza in a statement. This brings the total area of Jafza Logistics Park to over 922,000 sq ft, it added. With the Middle East and Africa's freight and logistics market set to hit $235.8 billion by 2031, demand for advanced warehousing is accelerating, including in Dubai, where sectors like manufacturing, logistics, construction, and e-commerce are driving unprecedented growth. The newly expanded park helps close this gap. Jafza currently hosts 10,890 companies from 150 countries, supporting over 160,000 jobs and contributing AED620 billion in trade annually.
Hi Dubai
27-03-2025
- Business
- Hi Dubai
Jafza Expands Logistics Park with AED90 Million Investment to Bolster Dubai's Trade Hub
Dubai's Jebel Ali Free Zone (Jafza) is fortifying its position as a global logistics powerhouse with a strategic AED90 million investment in Phase 2 of its state-of-the-art Logistics Park. Adding 360,000 square feet of premium facilities, this expansion aligns with the UAE's ambitious goal of growing its logistics sector to AED200 billion annually within the next seven years. It further strengthens Dubai's role as a critical hub for international trade. Phase 2 introduces world-class infrastructure, including modern offices, customisable units, temperature-controlled warehouses, advanced loading docks, and enhanced power capacity to support diverse industries. Abdulla Al Hashmi, Chief Operating Officer of Parks & Zones at DP World GCC, emphasized Jafza's commitment to fostering global business growth and attracting foreign investment. He noted that Phase 1 was fully leased before completion, underscoring the high demand for top-tier logistics and warehousing solutions. With this latest expansion, Jafza Logistics Park now spans over 922,000 square feet. The expansion comes amid a surge in demand for advanced warehousing, driven by the rapid growth of manufacturing, logistics, construction, and e-commerce. The Middle East and Africa's freight and logistics market is projected to reach $235.8 billion by 2031, with Dubai at the forefront of this transformation. Jafza currently hosts 10,890 companies from 150 countries, supporting over 160,000 jobs and contributing AED620 billion in trade annually. Phase 1, completed in November 2023, covers 562,507 square feet and includes Grade-A dry and pharma storage, temperature-controlled warehouses, and modern office spaces. With Phase 2, Jafza continues to bridge the infrastructure gap, fueling economic growth and solidifying Dubai's status as a global trade and logistics hub. News Source: Emirates News Agency
Zawya
27-03-2025
- Business
- Zawya
Jafza expands Logistics Park with $24.52mln investment
DUBAI - Jafza is strengthening its position with a strategic AED90 million investment in Phase 2 of its cutting-edge Logistics Park. Adding 360,000 square feet of Grade-A facilities, the expansion aligns with the UAE's push to grow its logistics sector to AED200 billion annually in the next seven years and cements Dubai's role in international trade. The second phase delivers world-class infrastructure, including modern offices, customisable units, temperature-controlled warehouses, loading docks, and enhanced power capacity to support diverse industries. Abdulla Al Hashmi, Chief Operating Officer of Parks & Zones at DP World GCC, said, 'The expansion of Jafza Logistics Park reflects our commitment to helping businesses compete globally and simultaneously drive foreign investment into Dubai.' He added that Phase 1 was fully leased before completion, highlighting strong demand for quality logistics and warehousing, and Phase 2 takes this a step further - offering flexible, high-quality solutions to support growth in multiple sectors. This brings the total area of Jafza Logistics Park to over 922,000 square feet. With the Middle East and Africa's freight and logistics market set to hit $235.8 billion by 2031, demand for advanced warehousing is accelerating, including in Dubai, where sectors like manufacturing, logistics, construction, and e-commerce are driving unprecedented growth. The newly expanded park helps close this gap. Jafza currently hosts 10,890 companies from 150 countries, supporting over 160,000 jobs and contributing AED620 billion in trade annually. Phase 1, completed in November 2023, spans 562,507 square feet, featuring Grade-A dry and pharma storage units, temperature-controlled warehouses, and office spaces.
