Fresh periodic review of Jebel Ali Free Zone (JAFZA) ratings show promising potential!
The most celebrated 30+ years Free zone in far West Dubai, Jebel Ali Free Zone (JAFZA), and one of the biggest investment centres in the UAE has one of the most strategic locations with proximity to the most vital sectors and incentives ever offered. JAFZA’s resilient rating stands with more potential within the upcoming few months.
Moody’s, the 100+ year old American credit rating agency, have reviewed the Jebel Ali Free Zone rating and the outcome is quite optimistic and encouraging. JAFZA’s advantages are strongly reinforced by the continuous up until now copious cash flow thanks to its connectivity with, Dubai’s and the region’s biggest and most essential, Jebel Ali Port and the recurring abundant stream of rental contracts from the Zone’s tenants.
The around the clock active and vital port of Jebel Ali is expected to receive between AED 500,000,000 (5 hundred million) and AED 1,000,000,000 (1 billion) injected through facilities expansion. DP World, the Dubai-based global ports operator managing the Mina Rashid port and Jebel Ali port in the UAE, has declared the refreshing news. A step that is planned to benefit the major transshipment port this year, consequently reflecting on the benefit of the neighboring free zone, largely.
As a well-planned strategic move, the UAE is willing to begin a chain of economic procedures and even reforms as attraction factors to boost the number of foreign investments in the region. Diversifying the climate in another direction other than the oil industry. This comes as an assurance for the willingness of the authority following their offerings of issuing long-term visas to encourage a larger presence of magnates, entrepreneurships, and talents in the UAE.
Another step within the enthusiastic strategy, The Dubai government declared its intention to return cash and bank guarantees to the free zone clients, through an initiative expected to add up to AED 1.3 billion to Dubai’s economy.
Moody’s review comes after a thorough assessment guaranteed by the appropriateness of the ratings in the context of the relevant principal methodologies, modern tech-advancements, and comparing its financial and operational profile to peers of similar criteria.
JAFZA still proves to be the best bet for aspiring investors for its custom-based platform for international connectivity and proximity to a network of business magnates. Moreover, a smooth operating environment created around simplifying the procedures within the shortest time possible, all within the never-null Dubai market that supports originality development while offering one of the most desired places to live.
To learn more about the procedures and the qualifications to set-up your business in the biggest trading zone in the region, get in touch with one of our experienced veterans, today!