Jebel Ali Free Zone cuts licence fees
DP World, the owners of Jebel Ali Free Zone, have slashed the fees for licence registration and administration for businesses operating in the free zone. The cuts will be between 50-70 per cent.
“It’s a timely move to inspire our customers towards pursuing their business targets with greater confidence and purpose,” said Mohammed Al Muallem, CEO and Managing Director, DP World, UAE Region and CEO of Jafza.
The price cut is expected to create value and opportunities for the companies to channel their resources to support their activities sustainably. This will enable companies to do business in a smarter way and generate more business and create new jobs.
There are more than 7,500 businesses operating in the free zone. DP World’s UAE operations contribute 33.4 per cent of Dubai’s GDP. Late last year, Landmark Group opened a Dh1 billion distribution and logistics hub at the free zone, while AquaChemie launched a Dh150 million chemical terminal project at Jebel Ali Port.
A range of online services will now be offered free as part of Jebel Ali Free Zone Authority’s on-going digitalisation process.
The fee slash could well prompt other free zones in the emirate to consider taking similar steps, and will come as a much needed relief for businesses. It is anticipated that more Free Zones will follow suit.