Business

JAFZA saw 12 percent growth in healthcare and pharmaceutical customers

Dubai: DP World, Jebel Ali Free Zone (Jafza) in the UAE region, saw a 12 per cent growth in its healthcare and pharmaceutical products customer base between 2019-2020. To promote their commitment to the growth of healthcare and pharmaceutical businesses, DP World, UAE Region and Jafza will be participating in Arab Health 2021, one of the leading medical equipment exhibitions in the Middle East. As one of the major contributing sectors in the Free Zone, the healthcare and pharmaceutical segment is one of the major economic pillars in Jafza. The segment covers an area of ​​approximately 170,000 square meters and currently has 174 companies from 41 countries, the segment employs 1,100 employees. In 2019, the volume of trade in the segment was 25,000 tons, worth Dh900 million. ‘The boom in the healthcare and pharmaceuticals segment in Jafza has highlighted the core competencies of the Middle East sector and the seamless connectivity, DP World, UAE region, to more than 3.5 billion consumers through the highly efficient trade and logistics center in Jebel Ali, which includes Jafza and the Jebel Ali port, ”said Abdulla Bin Damithan, CEO and Managing Director of DP World – UAE Region and Jafza.

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The health care sector in the UAE has expanded rapidly to meet the evolving needs of the population, helping the country to become a regional center for medical tourism. Partnerships and initiatives by government and private and public enterprises help to achieve these goals. DP World, UAE region and Jafza are at the forefront and ensure sustainable growth in this sector. “Our trade and logistics hub has accelerated the worldwide distribution of COVID-19 equipment and played a key role in the Dubai Vaccine Logistics Alliance, an initiative launched in January 2021. As a smart trader, we have ensured a flawless supply chain during 2020, regardless of the dynamic market conditions, ”said Bin Damithan. As the only free zone with the ability to support indigenous manufacturing for the healthcare and pharmaceutical sector, Jafza has facilities dedicated to the storage of aids for the preparation and administration of vaccines. In addition, Jebel Ali Port has temperature-controlled warehouses and also consists of nearly 10,000 reference points spread across the terminal to power refrigerated containers and support pharmaceutical trade. Various incentives such as on-demand warehouses for short-term rentals with multifunctional storage options, no VAT or customs duties and cost-effective transport services improve accessibility and enable faster deliveries for businesses operating in Jebel Ali. The participation of DP World, United Arab Emirates and Jafza in Arab Health 2021 will provide new growth opportunities for companies that will further add to the country’s economy.