Dubai’s Jebel Ali Port, Free Zone important for UAE-India trade reaching $100 bn | Tech Rasta

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In 2021, Dubai accounted for 86% ($38.4 billion) of the total value of $44.8 billion in non-oil trade between the United Arab Emirates (UAE) and India. Indian companies in Jafza are the second largest trading partner (4.4 million metric tons) and fourth in terms of trade value ($6.5 billion).

“Despite major economic and geographic changes, India and the UAE have seen increased trade, with DP World as a key logistics enabler,” DP World said in a press release. oil trade with the UAE witnessed a 14% increase in the July-August period, just a few months after CEPA came into effect.”

CEPA (or the Comprehensive Economic Partnership Agreement) went into effect on May 1, immediately eliminating tariffs on more than 10,000 goods and services provided by corporations in the two countries.

“DP World also supports the ‘Make in India’ and ‘Production Linked Incentive’ initiatives to promote manufacturing, investment, and exports from India through its Jebel Ali hub, providing unparalleled logistics and business solutions with greater reach. of new markets,” the Dubai ports operator said in a statement.

Through its alliance with India’s National Infrastructure Investment Fund (NIIF), DP World will inject up to $3 billion to build a ‘world-leading’ integrated transport infrastructure in the country.

DP World’s current portfolio includes five port terminals with an annual capacity of 6 million TEU, as well as five cargo terminals. It also operates 31 container trains, seven private freight terminals connected by rail, cold storage facilities and a fleet of 60 trucks.

“DP World is creating three free trade zones, more than 20 warehouses built in suits and 100+ express cargo terminals,” the Dubai-based company said in a statement. India with more than 70 percent market share of coastal traffic.”

“India and the UAE have shared a close relationship for many years. Our vision and goals are common – to create an independent and sustainable market. In keeping with the UAE government’s strategy, we at DP World look forward to building on the success of India’s revolutionary program of ‘ Make in India’, while helping the emirate of Dubai retain its position as India’s leading business hub and gateway to new and larger markets. DP World’s major offering towards this is the ‘India-UAE Bridge’, an initiative that will connect assets and our capabilities to add value to trade for both nations. We also have the developing India Merchants Market and the new Agri Terminal capacity, both of which will support Indian and global trade,” said Abdulla Bin Damithan, CEO & Managing Director – DP World UAE & Update.

“DP World is committed to partnering in the growth of trade between India and the UAE with an enabling ecosystem that we have built in terms of facilities and capabilities. Our key assets include sea terminals, private freight terminals linked by rail, free trade zones among among others are aimed at supporting the growing business needs of the sector. The UAE is an excellent gateway for Indian exporters to gain better access to markets and customers in Africa, the Middle East and Europe. Now that CEPA is in place, I am confident that bilateral trade will the two will reach the $100 billion mark well within the target period,” Rizwan Soomar, Chief Executive Officer and Managing Director, DP World Subcontinent.

Jebel Ali Port and Jebel Ali Free Zone (Jafza), which form a world-class ecosystem, connected to more than 9,000 companies from around the world, serve more than 3.5 billion people worldwide by connecting directly to 150 ports and more than 180 shipping methods. .

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