Jafza O&G sector records 44% growth
Regional hub for oil and gas highlighted its key offerings at ADIPEC
The oil and gas sector in Jebel Ali Free Zone (Jafza) has grown by more than 44% in the past four years.
The number of companies within Dubai’s flagship free zone has increased from 575 in 2010 to 830 in 2014 with the sector generating over $14bn worth of trade in 2013.
The news came days before ADIPEC, the Abu Dhabi International Petroleum Exhibition and Conference, which Jafza used as a platform to meet with industry representatives from all over the world over the four days of the event.
Ibrahim Mohamed Al Janahi, deputy CEO of Jafza and chief commercial officer of Economic Zones World (EZW), the parent company of Jafza and TechnoPark, commenting on the EZW participation in ADIPEC said:
“Jafza will be highlighting its key offerings which have helped it emerge as the regional hub for oil and gas industry at the ADIPEC, with an aim to attract more big names from the global oil and gas and allied industries participating at the event.”
Jafza is currently home to more than 800 national and international companies in the oil and gas such as EXXON Mobil, Shell, Total, Gulf Refining Company, Baker Hughes, etc..