(MENAFN- Khaleej Times) Jafza, the flagship free zone entity of the Economic Zones World (EZW), has once again won the Dubai Quality Award in the service category.
The award was presented by His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to Salma Hareb, chief executive of EZW, the parent company of Jafza, and Ibrahim Mohamed Al Janahi, deputy CEO of Jafza, at a ceremony attended by top government officials, industry leaders and other special invitees.
Hareb said: "We are proud of winning the coveted Dubai Quality Award in service category for the third time. I consider this a recognition of our commitment to excellence. We continue to be guided by His Highness Shaikh Mohammed to pursue excellence in everything we do."
Jafza has won three Dubai Quality Awards so far for its distinctive achievements as a Dubai's leading growth driver.
In the last four years, Jafza has been discharging its mandated role to attract high quality FDI into the emirate and the country. The free zone has continuously been strengthening Dubai's status as one of the most favoured investment destinations in the world and a business hub for the wider Middle East region. Jafza has posted net growth of active companies at a five-year CAGR of eight per cent (from 2010 to 2014).
Jafza's contribution to Dubai's GDP stands at 20.6 per cent and it accounts for 23 per cent of all FDI flow into the country (2013).
More than 50 per cent of Dubai's exports and a quarter of the emirate's total non-oil trade are generated in Jafza. By value, Jafza counts for more than 70 per cent of the total free zone trade in Dubai.
In terms of volume, the Free Zone contributes 96 per cent to Dubai's total free zone trade.
Jafza's total Gross Value Added (GVA) contribution to the Dubai's economy (including Jafza and Jafza companies) is Dh72.6 billion (2013).
The free zone, through its companies, sustains over 200,000 jobs in Dubai and the UAE.
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