DP World’s leading trade and logistics hub, Jebel Ali Free Zone (Jafza) has held a ground-breaking ceremony for the first phase of its new “Jafza Logistics Park”, which is scheduled for completion in 2023.
According to the statement, “The purpose-built trading and logistics development will accommodate the growing number of warehousing, processing and logistics activities carried out in Dubai.”
Jafza Logistics Park will bolster the success of the logistics cluster in Jafza, which has already grown by 14 percent since 2016.
“The project covers a total leasable area of over 46,000 square meters, of which 87 percent will be allocated to warehousing,” the statement said. The remaining space is dedicated to office facilities.
“We recognize the critical role the logistics sector plays in enabling the growth of various industries around the globe. Jafza is aligned with key government initiatives, such as the Dubai Silk Road strategy, to boost economic growth. 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. Logistics companies in e-commerce and similar growing segments can benefit from the Park’s modern offerings, including digital trade enablement, competitive costs, and customizable units. We are in discussions with several large customers that need 60 to 80 percent of the space and may need to commission phase two ahead of schedule.”
As per the statement, “Jafza’s logistics cluster is home to over 460 companies from 30 countries, almost all international logistics providers which already operate from the free zone.”
Jafza Logistics Park will support their growth aspirations and attract new players seeking to establish themselves in the market. The smallest unit will be just under 2,900 square meters, including 360 square meters of mezzanine office space.