Business | Shipping
Jebel Ali Port container capacity to increase nearly ten fold to 67m TEUs
Over 5,500 companies are registered with the free zone's authority, including 140 Fortune 500 firms and dozens of internationally renowned brands
- Staff Report
- Published: 00:00 October 26, 2006
Dubai: Container capacity at the Jebel Ali Port will increase nearly ten fold to 67 million twenty foot-equivalent-units (TEUs) by 2030 from the current 7-8 million, a statement said.
There are over 5,500 companies registered with the Jebel Ali Free Zone Authority (Jafza), including 140 Fortune 500 firms and dozens of internationally renowned brands. Latest figures show a huge 41 per cent jump in exports.
A 64-member delegation of business leaders from the West African state of Ghana has toured the Jebel Ali Free Zone as part of their current visit to Dubai.
They were given a detailed presentation of Jafza's achievements and future plans, including the synergy that will be created when the Jebel Ali Airport is completed.
Ghana, a prime exporter of cocoa, timber and minerals, has a growing trade link with Dubai. Between 2004 and 2005, exports to Ghana rose from Dh18.04 million to Dh30.69 million. Imports registered a 14.5 per cent increase for the same period, from Dh46.2 million to Dh54.03 million.
Dr Mohammad Al Banna, Jafza's vice president for sales, said: "Jebel Ali Free Zone welcomes the deep intense shown by the business leaders from Ghana. It is our policy to share the experience and expertise we have gained from a quarter century of successful growth as a model economic zone.
|"We invite our friends from Ghana to strengthen relations between the two sides through business ventures that are mutually beneficial."
The business representatives are in Dubai six weeks after a visit by Ghana's vice president, HE Alhaji Aliu Mahama, who had urged his fellow-countrymen to emulate some of the strategies Dubai has adopted to build a thriving economy.
Business Editor's choice
-
‘Wrong Way' Krugman
The source of our economic malfunction lies with government-mandated bank regulations
-
Greek exit could make Eurozone stronger
Departure will show limits of bailouts and allow remaining members to act much more like a unit
-
UAE upholds values of free trade
Recently released statistics confirm an established fact, namely that of the UAE embracing the free trade principle in general and imports in particular
