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 also 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.”
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.
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