Dubai’s Jebel Ali Free Zone (Jafza), one of the biggest trading hubs in the region, has started construction of its Jafza Logistics Park as demand for warehousing units continues to increase due to the e-commerce boom fuelled by the Covid-19 pandemic.
The Jafza Logistics Park is scheduled for completion next year, the free zone said in a statement.
The purpose-built trading and logistics development will accommodate the growing number of warehousing, processing and logistics activities carried out in Dubai, Jafza said.
“We recognise the critical role the logistics sector plays in enabling the growth of various industries around the globe,” Abdulla Bin Damithan, chief executive and managing director of DP World UAE and Jafza, said.
“As the UAE continues to grow into a global processing and re-distribution gateway, we have experienced a significant spike in demand for the logistics and warehousing space. We are building the Jafza Logistics Park in response to this increase in demand and to further boost the development of the UAE’s logistics sector.”
The UAE’s e-commerce market is forecast to increase by 60 per cent from 2021 to more than $8 billion in 2025, according to a report by EZDubai, an e-commerce zone in Dubai South, and Euromonitor International.
The country is also ranked among the top three logistics centres in emerging markets, after China and India, in the latest Agility Emerging Markets Logistics Index, that rates countries for overall competitiveness based on their logistics strengths, business climates and digital readiness.
The UAE, the Arab world’s second-largest economy, is investing heavily in developing infrastructure and building the transport network to drive the growth of the logistics sector.
New projects include Dh50bn of investment in a railway network for transporting goods and passengers across the UAE, which builds on the first phase of Etihad Rail. Abu Dhabi is also investing significantly in ports and integrated industrial zones, including Kizad and the Industrial City of Abu Dhabi (Icad).
Aldar Properties, the biggest developer in Abu Dhabi by market value, set up a logistics business line this week after acquiring a 70 per cent stake in Abu Dhabi Business Hub.
Jafza Logistics Park covers a total leasable area of more than 46,000 square metres, of which 87 per cent will be allocated to warehousing and the remaining space for office facilities, the statement said.
Customers will be allowed to consolidate multiple units to meet their space requirements, Jafza said.
“Logistics companies in e-commerce and similar growing segments can benefit from the park’s offerings, including digital trade enablement, competitive costs and customisable units,” Mr Bin Damithan said.
“We are in discussions with a number of large customers that need 60 per cent to 80 per cent of the space and may need to commission phase two ahead of schedule.”
Jafza’s logistics cluster is home to more than 460 companies from 30 countries. The new logistics park will support their growth aspirations as well as attract new players seeking to establish themselves in the market, according to the statement.
Businesses operating from Jafza Logistics Park can leverage DP World’s logistics solutions. The park’s location between Jebel Ali Port, Al Maktoum International Airport and Etihad Rail’s Jebel Ali station “will facilitate efficient and seamless flow of goods within the region and across the world”, Jafza said.
PROFILE OF STARZPLAY
Date started: 2014
Founders: Maaz Sheikh, Danny Bates
Based: Dubai, UAE
Sector: Entertainment/Streaming Video On Demand
Number of employees: 125
Investors/Investment amount: $125 million. Major investors include Starz/Lionsgate, State Street, SEQ and Delta Partners
Global state-owned investor ranking by size
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Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
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- Mortgages with better interest rates, faster approval times and reduced fees
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Venue: Hang Jebat Stadium, Malayisa
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Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
Director: Shady Ali
Cast: Boumi Fouad , Mohamed Tharout and Hisham Ismael
Rating: 3/5
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Other acts on the Jazz Garden bill
Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
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Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.
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All you need to know about Formula E in Saudi Arabia
What The Saudia Ad Diriyah E-Prix
When Saturday
Where Diriyah in Saudi Arabia
What time Qualifying takes place from 11.50am UAE time through until the Super Pole session, which is due to end at 12.55pm. The race, which will last for 45 minutes, starts at 4.05pm.
Who is competing There are 22 drivers, from 11 teams, on the grid, with each vehicle run solely on electronic power.
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The specs: 2018 Infiniti QX80
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Engine: 5.6-litre V8
Gearbox: Seven-speed automatic
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Torque: 560Nm @ 4,000rpm
Fuel economy, combined: 12.1L / 100km
