Jebel Ali Free Zone injects $345M to boost Dubai’s economy
Priya Wadhwa
10X Industry

Jebel Ali Free Zone injects $345M to boost Dubai’s economy

The move is in line with the country's diversification agenda.

A country is loved by its citizens when it listens to their pain points and acts to make life and work better, easier, and safer. UAE is a stunning example of such a country, especially the emirate of Dubai, which has grown at a faster pace than most places in the world.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, has chartered his visions for the coming 50 years. To support this vision, Jebel Ali Free Zone has launched its new Workforce Protection Programme initiative to return cash and bank guarantees to its clients.

Set to roll out in September, it will make Jafza, GCC’s largest special economic zone, the first free zone in the country to launch such an initiative. The move will provide added benefits to employees and infuse AED 1.3 billion back into Dubai’s economy, which companies can use to invest in their operations and strengthen their businesses.

The move is set to improve worker rights and protections under the UAE Government’s insurance initiative. Naturally, it makes Dubai more attractive to entrepreneurs to set up their startups in the emirate, falling in line with the long term vision of strengthening the economy without dependence on oil.

Read more about the move here.