GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Banking Investments

 
  Share
• Jebel Ali Port crossed the mark of handling 1 billion metric tonnes within 10 years, from 2010 to 2019
• Jafza generated trade worth AED 13.9 billion in 2019
 
 
Dubai, United Arab Emirates, November 10, 2020: Jebel Ali Port, DP World's flagship port handled over 5 million metric tonnes of metal, steel and construction materials in 2019. At an average, the port has handled around 4.5 million TEU from 2010 to 2019, which equates to 1 billion metric tonnes until 2019. Over 50 Million metric tonnes of general cargo has been handled from 2010 to 2019.
 
Additionally, Jebel Ali Free Zone (Jafza), the leading Free Zone in the Middle East has witnessed significant growth in the steel, metal and construction segment in 2019, generating AED 13.9 billion. 
 
An integrated multimodal hub
 
Jebel Ali Port and Jafza's combined capacity and capabilities create DP World, UAE Region's multimodal trade and logistics hub that connects traders and owners to over 3.5 billion consumers. The recent growth and handling capacity underscores the Jebel Ali hub's strength and competence to enable trade and support the metal, steel and construction segment. 
 
Top traded commodities for imports comprised iron and steel, wood, salt sulphur, earth stone, glass and aluminum, while export commodities included iron and steel, aluminum, copper and lead, and salt sulphur, earth stone. 
 
China, India, Ukraine, Russia and Germany are key trade partners for import, whereas trade partners for exports include India, the USA, the UK, Pakistan and Iraq. The Port and Free Zone has retained its leading status owing to competitive ocean freight rates, operational flexibility, unparalleled connectivity to the region, landside conversion and other salient facilities like land for storage, logistics and warehouses.
 
Mohammed Al Muallem, CEO & Managing Director, DP World, UAE Region and CEO of Jafza said, “The construction sector is considered one of the main indicators of a nation's economy and development. It is also one of the most important business segments in Jafza. We acknowledge its vital role in the regional and global economy. According to a report by GlobalData, the construction sector in the UAE recorded a growth of 3.3 per cent in 2019. Pre-COVID, this figure was expected to increase to 4.3 per cent in 2020. However, with the onset of the virus and the subsequent drop in oil prices, the dynamics of the market has changed, leading to a drop in business. Despite the challenging conditions, looking at the gradual market recovery and the resumption of trade and business activities, we are expecting an increase in demand for our facilities from steel and construction material companies. We are confident that this sector will grow both locally and regionally as we move into 2021” 
 
Al Muallem added, “We are well aware that the times are tough for our clients, hence, we are offering easier rental terms, including monthly rentals and deferred rental payments. These robust incentives will help support business continuity. Additionally, a range of government stimulus packages will also promote the steady growth of the sector.”
 
Availability of advanced infrastructure
 
The Al Wasl dome, the largest 360-degree projection surface in the world, which will offer millions of visitors to the Expo 2020 Dubai an unparalleled visual experience, was safely discharged and transported to its destination, thanks in part to the efforts of the administration at Jebel Ali Port. DP World, UAE Region, is responsible for ensuring all Expo-related cargo brought into Dubai is handled safely and in a timely manner. The port's advanced capabilities allow it to handle all types of breakbulk, bulk and project cargo, whether it's from the Expo's dome to luxury yachts.
 
Thanks to its strategic location, Jafza has attracted numerous local and global steel companies over the years, including Danube Building Materials, Conares Steel, Mammut, Nippon Steel, ArcelorMittal, Tata Steel, Baosteel and CNBM. 



Posted by : GoDubai Editorial Team
Viewed 1619 times
Posted on : Tuesday, November 10, 2020  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : The Department of Municipalities and Transport Begins Phase Two of Mina Zayed Redevelopment Project
Next Story : Oil and Gas Opportunities Will Far Outweigh Challenges Post-COVID, Says ADNOC CEO at Opening of ADIP...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Lockdown Showdown: Jaguar I-pace Etrophy Series to Get Back on Track in Berlin i...
Three Eggs get Yemeni National a Guinness World Records Title
Omega's Antimagnetic Tourbillon Is a Watchmaking Breakthrough
Lamborghini SCV12: Squadra Corse Hypercar Ready to Hit the Track
The new BMW M5 and BMW M5 Competition
Toric Tourbillon Slate
GROHE Smart Control Review
Twitter tests Tweeting with Voice
Saxo Bank Launches Loyalty Program for MENA Region Clients
Hyundai Motor and Sony Pictures Entertainment Announce Unique and Pioneering Mul...
American Aesthetic Medical Center Has Something in Store for the Esthetical Figu...
WTTC Launches Safe Travels Protocols for Attractions, Car Hire and Short-Term Rental
NUDESTIX Launches - Nudies Blush, Bronze, and Glow Shade Extension
Volvo Cars Chengdu Car Plant Powered by 100 Per Cent Renewable Electricity
Range Rover Marks 50 Years of All-terrain Innovation and Luxury With Exclusive N...
Under-12 and Over-60 Can Now Take Part in Sports Activities: Dubai Sports Council
Dabur Ensures Safety with Hand Sanitizers and Personal Protection Kits as UAE Es...
Let's Brigthen Up! The Face Shop's Ultimate Summer Skincare Range From Belif is Here!
Handy Helper for Content Creators: The Compact A6100 Mirrorless Camera from Sony...
Pre-orders for Samsung's Galaxy S20+ 5G and Galaxy Buds+ BTS Edition now open in...
Experts Highlight need for Young Talent to Develop Skills for a Post-Covid-19 World
Dabur Launches Pure Organic Coconut Oil: Natural Protection for Hair, Skin, and ...
GEMS Wellington Academy – Al Khail Improves Rating to 'Very Good' in KHDA DSIB 2...
Etihad Airways to Recommence Flights to Athens
Dubai Sees Pronounced Uptick in Demand for Retail Units
Book Building of Amlak International's IPO of 30% of Shares
Sanctuary for the Senses: All-New Lincoln Corsair Arrives with Whisper-Quiet, Co...
Essence Spring/Summer 2020 Collection
Registration Opens for Training On the Camel Trek and Camel Marathon for Expats
Covid-19 Leads UAE Businesses to Adopt Upgraded Green Building Solutions
Dubai Sports Council Discuss Upcoming Sports Events With Federations and Organisers
Dubai Sports Council to Celebrate Dubai's COVID-19 Heroes Through Commemorative ...
Turkish Airlines Was the Busiest Operator in the Eurocontrol Area After Restarti...
Celebrate Father's Day With Parmigiani Fleurier Tondagraph Slate'
INFINITI of Arabian Automobiles presents Dubai Islamic Bank customers Super Sale...
Crude Oil Headwinds on Virus and Technicals
Customers can Benefit from Increasing Gold Rate by just Paying 10% Advance at Ma...
Canadian University Dubai Receives Prestigious Certification in Education for Pu...
Report Reveals the Six Fintech Innovations That Will Boost the ‘Financial Health...
Serco Middle East Appoints New Managing Director for Dubai Metro and Dubai Tram
Big Bang Integral King Gold
Pan Emirates Unveils Exclusive New Collection
Digital Vision Technology Signals On-Track Success for Panasonic Jaguar Racing
Schneider Electric Extends Strategic Partnerships with AVEVA, Lenovo and Stratus...
Celebrate World Music Day with HONOR Magic Earbuds
The 11th Edition of the Arab Fashion Week to Launch Virtually Today, from June 2...
New Bentayga to Launch Beyond100
Cairo Amman Bank Adopts the Latest Technology to Enhance Performance and Securit...
Celebrate Summer Safely with the New, Shopping Normal at BurJuman
Registration open for Dubai Watersports Summer Week