Dubai’s Jebel Ali Free Zone Authority (JAFZA) registered 26 percent year-on-year growth in the number of international companies signing up as tenants during 2012.
The free zone, located west of central Dubai and home to the emirate’s largest port, saw 454 multi-national firms move in during the 12-month period, according to a statement.
JAFZA said that more than a quarter (27 percent) of new tenants were headquartered in Europe, followed by the GCC (25 percent), Asia-Pacific (21 percent), the Americas (9 percent) and Africa and West Asia (18 percent).
In terms of countries, the UK was home to the highest number of new firms in JAFZA (11 percent), followed by India (9 percent) and China, Germany and France (5 percent each). Countries impacted by the Arab Spring accounted for 18 percent of new businesses.
Read more: http://www.arabianbusiness.com/dubai-s-jafza-sees-26-rise-in-new-multinationals-491812.html
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