logo
#

Latest news with #Dh620

Jafza expands logistics park with Dh90 million investment to meet surging demand
Jafza expands logistics park with Dh90 million investment to meet surging demand

Khaleej Times

time30-03-2025

  • Business
  • Khaleej Times

Jafza expands logistics park with Dh90 million investment to meet surging demand

Jafza is strengthening its position with a strategic Dh90 million investment in Phase 2 of its cutting-edge Logistics Park, a company statement said. Adding 360,000 square feet of Grade-A facilities, the expansion aligns with the UAE's push to grow its logistics sector to Dh200 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, Parks & Zones, 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. 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 as we continue to grow our state-of-the-art infrastructure.' 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 is expected to close this gap — offering market access by leveraging Jafza's connectivity with Jebel Ali Port and providing advanced storage and handling solutions including contract logistics, freight forwarding and freight management for everything from tech and automotive parts to fashion and packaged food. It also provides value-added services like packaging, labelling, and quality control, with real-time inventory tracking, and enables re-exports, domestic fulfilment, and import-export consolidation. Designed with sustainability in mind, the park incorporates precast concrete and off-site construction methods to minimise environmental impact, as well as skylights to maximise natural daylight and cut energy consumption. Jafza currently hosts 10,890 companies from 150 countries, supporting over 160,000 jobs and contributing Dh620 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.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store