UAE: Firms at Dubai’s Jafza increase by 32% in third quarter

(MENAFN) Dubai’s Jebel Ali Free Zone (Jafza) said it has witnessed 111 new companies starting operations in the third quarter, Arabian business reported.

The flagship free zone of Economic Zones World said in a statement that 28 percent of the new firms were from Europe, 23 percent were from the GCC, 22 percent were from Asia Pacific, 10 percent each from the Americas and the Middle East and seven percent from Africa.

According to the statement, the largest number of new companies came from the UAE followed by India, United Kingdom, Germany, China, the United States, Egypt, Canada and France.

The number represents a 32 percent increase from the same period in 2011.

At the end of September, Jafza was home to a total of 6,812 companies, the statement added.