Construction, building firms grow by 14% in Jafza
Construction and building material companies setting up in Jafza have grown tremendously, from June 2015 to June 2016, the free zone registered a growth of 14%
The building and construction segment in Dubai’s Jebel Ali Free Zone (Jafza) posted a 14% growth in the number of registered companies, from June 2015 to June 2016.
The construction and building material sector in Jafza is among the country’s leading employment generators with a workforce of more than 18,800 occupying an area of 3.56 millionm2 of combined facilities.
Ibrahim Mohamed Al Janahi, deputy CEO and chief commercial officer said: “Infrastructure development in the Middle East and North Africa (MENA) region is undergoing tremendous change with governments allocating significant budgets towards upgrading their facilities.
“Jafza provides a world-class business platform for construction conglomerates looking to expand in the MENA region.”
According to a recent industry report by BMI Research, the construction sector in the MENA region is expected to accelerate over the next 10 years, propelling regional industry from an estimated $215bn in 2016 to $313bn by 2020 and $467bn by 2025.
Jafza is currently home to more than 961 of the world’s leading steel, building material and construction sector companies including ArcelorMittal, Tianjin Pipes, Tata Steel, Conares, China National Building Group, Danube, Saint-Gobain Gyproc, Petrogas Piping, Van Oord, Hitachi Construction Machinery, and Hyundai Engineering and ConstructionCompany, with the majority having set-up regional headquarters in Jafza.