DP WORLD BUILDS RESILIENCE IN GLOBAL PETROCHEMICALS THROUGH ADVANCED TRADE AND LOGISTICS SOLUTIONS

 

DP WORLD BUILDS RESILIENCE IN GLOBAL PETROCHEMICALS THROUGH ADVANCED TRADE AND LOGISTICS SOLUTIONS

 

Jebel Ali Free Zone (Jafza)accounted for over 50 per cent of Dubai’s Polymers and Petrochemical trade, valued at more than AED 49billion in 2021

 

Dubai, United Arab Emirates, 7th December 2022:Global economies are facing increased pressure from uncertainty in oil prices, capacity, and supply chain disruptions. The petrochemicals sector is not exempt from these global challenges. Despite this, Jebel Ali Free Zone’s (Jafza) petrochemical sector witnessed stability. One indication of this is the increase in export volumes in 2021, which grew 52 per cent year-on-year. Additionally, last year, the free zone alone accounted for over 50 per cent of Dubai’s Polymers and Petrochemicals trade, valued at more than AED 49 billion.

 

Enabling Seamless Trade

 

DP World, through its local and regional assets, multimodal connectivity, cost-effective supply chain solutions and digital trade platforms has supported petrochemical trade lanes and ecosystems worldwide. The company plays a crucial role in facilitating the growth of the regional and global petrochemicals sector through Jebel Ali.

 

The integrated logistics offerings, supported by connectivity across international petrochemical

trade lanes and the ecosystem at the Jebel Ali hub, give the industry the most attractive logistic

proposition. Additionally, its vast network of global liners has contributed to the success of the

UAE and the region.

 

The Jebel Ali Connectivity

 

DP World’s petrochemical hub, which spans the port and the free zone,handles overone-third of the UAE’s polymer and petrochemicaltrade through Jebel Ali Port. With storage being an essential factor in the industry, finding a suitable site with convenient connectivity for trade and transport, and a very high standard of safety due to the nature of the products is integral. Jebel Ali Port’s solutions meet all these requirements while ensuring reduced costs and time-efficient operations for customers.

 

Jebel Ali Port complements the traders’ ambitions with tank terminals and warehousing, specialised storage space for packed lubricants, fuels and industrial chemicals, ISO tanks storage and hazardous goods warehouses.

 

The port comprises tank terminals with 11 dedicated berths for liquid handling, spread over an area of 2 million square metres with over 1 million cubic metres of liquid bulk storage space. The Chemical berth is well equipped with a storage capacity of over 250,000 cubic meters to store various grades of chemicals.

 

Prominent industry players such as DOW, BASF, Total and Gulf Petrochem are now headquartered within Jafza and create the basis of a healthy ecosystem of almost 600 companies in the sector. Jafza’s strategic location is also ideal for serving demand in the Middle East and Africa. Its industrial facilities for processing and value-added services make it the perfect base for chemical and petrochemical traders serving growing markets in the Indian Subcontinent and the Middle East.  

 

--ENDS—

 

Photo Captions:

 

·         Picture 1:Tanker ship vessel unloading at the Jebel Ali Port

·         Picture 2: Petroleum gas tanks

 

For DP World media enquiries, please contact:

Noora Mohamed Al Yousuf Manager, Communications DP World UAE noora.alyousuf@dpworld.com T: +971 4 8897911 M: +971 56 1704636

Noel David Francis Executive – PR & Media, Communications DP World UAE Noel.Francis@dpworld.com T: +971 4 8897739 M: +971 56 4039833

Notes to Editors:

 

About DP World

 

We are the leading provider of worldwide smart end-to-end supply chain logistics, enabling the flow of trade across the globe. Our comprehensive range of products and services covers every link of the integrated supply chain – from maritime and inland terminals to marine services and industrial parks as well as technology-driven customer solutions.

 

We deliver these services through an interconnected global network of 295 business units in 78 countries across six continents, with a significant presence both in high-growth and mature markets. Wherever we operate, we integrate sustainability and responsible corporate citizenship into our activities, striving for a positive contribution to the economies and communities where we live and work.

 

Our dedicated, diverse and professional team of more than 97,600 from 158 nationalities are committed to delivering unrivalled value to our customers and partners. We do this by focusing on mutually beneficial relationships – with governments, shippers, traders, and other stakeholders along the global supply chain – relationships built on a foundation of mutual trust and enduring partnership.

 

We think ahead, anticipate change and deploy industry-leading digital technology to further broaden our vision to disrupt world trade and create the smartest, most efficient and innovative solutions, while ensuring a positive and sustainable impact on economies, societies and our planet.

About Jebel Ali Free Zone (Jafza)

Jafza is one of the world’s leading free trade zones and is home to over 9,000 multinational companies. Jafza accounts for 23.9% of total FDI (Foreign Direct Investment) flow ‎into Dubai, sustaining the employment of more than 135,000 people in the United Arab Emirates. In 2020, Jafza generated trade worth $104.2 billion.

Strategically located at the crossroads of a region providing market access to over 3.5 billion people, Jebel Ali Port and Free Zone create an integrated multi-modal hub offering sea, air and land connectivity, complemented by extensive logistics facilities. ‎The Port and Free Zone contributed 33.4% of Dubai’s GDP in 2017.

Jafza is the leading business hub between Asia, Europe and Africa, connecting some of the fastest-growing manufacturing and consumer markets globally. With over 30 years’ experience, Jafza focuses on long-term customer relationships, building alliances with global investors and providing world-class infrastructure and support. In addition to quality-driven value-added services and incentives, Jafza is a business opportunity enabler, offering its customers easy and efficient access to substantial business opportunities in the region.