Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- What is in the new US-UK trade deal?
- OQEP announces net profit exceeding OMR74.9 million
- Dubai Taxi Company revenue hits Dh588.3 million in Q1, driven by 8% YoY trip growth
- Dubai: Emaar Development records 28% growth in property sales
- Union Properties slashes more debt, eyes new projects after strong Q1
- Mubadala's assets under management grew to Dh1.2 trillion in 2024
- Oil Updates - prices edge up on US-China trade talk hopes
- Closing Bell: Saudi main index closes in red at 11,364
- S&P: Tadawul Plays Pivotal Role in Saudi Arabia's Economic Transformation
- Oil Prices Hold Steady on Support from US-China Trade Hopes
28/03/2025 07:06 AST
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.
The Phase One, completed in November 2023, spans 562,507 sq ft, featuring Grade-A dry and pharma storage units, temperature-controlled warehouses, and office spaces.
Trade Arabia
| Ticker | Price | Volume |
|---|
09/05/2025
Mubadala Investment Company, the Abu Dhabi-based sovereign investor, on Thursday reported that its assets under management grew 9.1 per cent year-on-year in 2024 to Dh1.2 trillion, with annualised r
Khaleej Times
09/05/2025
Saudi Arabia's Cabinet has approved a new decision allowing the Ministry of Municipal and Rural Affairs and Housing to sell residential units within its housing projects to individuals who are not be
Arab News
09/05/2025
The UAE's banking sector witnessed continued momentum in February, as key indicators of liquidity and credit expanded steadily.
Gross banking assets, including bankers' acceptances, rose by
Arab News
09/05/2025
Saudi e-commerce sales via MADA cards surged 73.4 percent year on year in March to a record SR27.55 billion ($7.34 billion), reflecting rapid growth in the Kingdom's digital payment ecosystem.
<
Arab News
09/05/2025
Saudi Arabia's intellectual property landscape continued its robust growth in 2024, with patent filings rising by 13.33 percent year on year to reach a record 8,029, according to the Saudi Authority
Arab News
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia