The Jebel Ali Free Zone (Jafza) is celebrating its 40th anniversary, showcasing record trade growth between India and the UAE, reinforced by strategic infrastructure connecting Indian businesses to global markets. In 2024, Jafza experienced a 40% increase in trade volume and a 17% rise in trade value from India. Over 2,300 Indian companies now operate in the zone, employing more than 15,000 individuals, primarily in sectors like electronics, construction, and logistics.
In 2023, Jafza welcomed 283 new Indian companies, a 15% year-on-year increase, reflecting the strengthening India-UAE trade corridor and the ongoing demand for Dubai’s logistical capabilities. Sultan Ahmed bin Sulayem, CEO of DP World, emphasized India’s critical role over the last four decades, aiming to achieve $100 billion in non-oil trade by 2030, with Jafza as a crucial facilitator.
Looking ahead, the upcoming Bharat Mart, set to open in 2026, will span 2.7 million square feet, serving as a hub for Indian exporters and enhancing access to global markets, particularly in Africa. Additionally, the Bharat Africa Setu initiative aims to double trade between India and Africa through improved connectivity.
The Comprehensive Economic Partnership Agreement (CEPA), signed in 2022, further solidifies this trade relationship, leading to a significant rise in bilateral non-oil trade. Jafza’s legacy continues to shape a robust trading environment as it celebrates its four decades of facilitating Indian businesses on the global stage.
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