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 >>

 
  Share

The First Free Zone in the Country to Return Cash and Bank Guarantees 

Dubai, United Arab Emirates, 18 May 2019:   To promote ease of doing business and to support its customers Jebel Ali Free Zone (Jafza), the GCC's largest special economic zone, will become the first free zone in the country to return cash and bank guarantees to its clients through its new Workforce Protection Programme initiative that is set to roll out in September of this year. The move will provide added benefits to employees and infuse AED 1.3 billion back into Dubai's economy that companies can invest in their operations and strengthen their businesses.

The decision is geared towards supporting goals set by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to improve worker rights and protections under the UAE Government's insurance initiative.

Sultan Ahmed Bin Sulayem Chairman of the Ports, Customs and Free Zone Corporation and the Jebel Ali Free Zone Authority said:

“Jafza welcomes the UAE government's latest initiative as it will play a significant role in taking the country in the right direction. Our people are our greatest assets, and we are committed to providing them with a fair work environment that ensures they receive all the rights, privileges, and protections that should be afforded to them as core contributors to the nation's economy. 

“Through the Workforce Protection Programme, we are striving to raise standards for the UAE's private sector by providing businesses with a model they can emulate successfully and help fulfil the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum as outlined in his 50 Year Charter.”

Under the new Workforce Protection Programme, companies will avail insurance coverage that will help protect the workers in case of wage default by their employers. This coverage will extend to all existing Jafza sponsored employees, and will be applied by default to any new workers from the time they receive their work visas.

DP World, UAE Region and Jafza have adopted critical roles in Dubai's economy as key employers, accounting for 16.2 per of the emirate's total workforce. Jebel Ali Port and Free Zone employees are 1.4 times more productive than the average UAE employee, contributing to over 33% of Dubai's GDP in 2017.

-Ends-



Posted by : GoDubai Editorial Team
Viewed 5026 times
Posted on : Saturday, May 18, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Jafza to Waive Aed 35 Million in Fines
Next Story : SHUAA Capital progressing with potential combination with ADFG; releases Q1 2019 earnings
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
VARA - 2019 Fall/Winter Collection
Nursery children gift Eid packages to labourers
An increase of 36.7% compared to the first quarter
Eid Al Adha Event Program
US $859bn Oil, Gas and Petrochemical Projects Underway or Planned in the MENA Re...
Dubai Festival City Mall Celebrates Global Independence Days with Exclusive IMAG...
Eid Gifting
Turkish Airlines continues its journey to the top with new cabin uniforms
Alisha Moopen appointed as the Deputy Managing Director of Aster DM Healthcare
Evonik sticks to full-year outlook despite cooling economy
Benefits to young people of becoming a freelancer a focus at International Youth...
Zulekha Hospital Sharjah Honored With Baby Friendly Hospital (BFHI) Accreditatio...
GEMS Education offers up some expert ways to get your children to read in the la...
Al-Futtaim Toyota delivers strong H1 results
FireEye Identifies Prolific Chinese Cyber Threat Group
Eyes of the World on Expo 2020 Dubai
MoHAP Announces Working Hours at Primary Health Care & Preventive Medicine Cente...
Lenovo Introduces Single-socket Servers, Designed Specifically for Edge and Data...
LG Signature Responds to Market Demand for Luxury Appliances With Expanded Lineup
9th Muslim World Business and Investment Zone to host Jewels of the Muslim World...
Show your Nanny some love and treat them to a Complimentary Haircut throughout A...
Sharjah Exports Development Center Achieves Record Results in First Half of 2019
A Guide to Making Yourself Happier and Healthier
Get a Complimentary Sushi Roll on Any Bento Box at Sumo Sushi & Bento
Express Auto Wash offers festive deals during Eid Al Adha
New Mimecast Report Reveals Analysis of 67 Billion Rejected Emails
Introducing Lunette: A Tool to Empower Women
Three Bangladeshi businessmen from same family awarded UAE Gold Visa – a first i...
Air Freight in Decline for Eighth Consecutive Month
Celebrate Eid Al Adha at Dubai Festival City
Robinsons Showcases Malone Souliers' Stunning New Collection for Pre-Fall 19
Corum Golden Bridge Titane DLC - black beauty for the man of style
Marks & Spencer Unveils Its Autumn 2019 Kidswear Collection
GUESS - The Perfect Tote
Ferragamo Urban - 2019 Fall/Winter Collection
Corum Admiral Legend 42-Icon ahead
Ralph Lauren Debuts “Wear Your Story” Denim Campaign
The future of photography and videography is in Canon's hands, with five 2019 EI...
Modular Sofa's by Boconcept
Rock Chic Edit with GUESS
Jaguar I-pace: Redefining What It Means to Be a ‘CAR'
Sandro: The Power Suit
Spare a thought for abandoned cats today – International Cat Day!
Al Ain Hospital doctors save young girl from 2.5 cm pin in her lungs
Forecasting Mesmerising Sea Views and Exotic Seafood at Gonu
Hormann announces speed rolling shutter DD S6
Acclaimed Coin Collector to Pay Homage to UAE with Rare Coin Collection at ‘Year...
GEMS Education students shine with excellent A-Level examination results
Marks & Spencer Celebrates the Success of its First Ever Vegan-Friendly Line – P...
Abu Dhabi Airports completes preparations for the return of Hajj pilgrims