Thames Freeport - Britain's Trading Future

[ 20 ] It also creates 500,000 indirect jobs outside the freezone, encompassing all types of companies in sectors such as manufacturing, assembly, logistics, technology and services. It spans 57 km 2 and generates more than US$ 110 billion in net contribution to the Dubai economy — that’s a two per cent direct contribution to Dubai’s GDP and 24 per cent to the UAE overall. It generates more than US$ 1.3 trillion in trade. As the leading business hub between Asia, Europe and Africa, the fastest growing producing and consumer markets globally, and with over 30 years’ experience, Jafza focuses on long-term customer relationships. Jafza builds alliances with global investors by providing them with world-class infrastructure and support. What are the key benefits to a company of being in a freezone? The cost and tax benefits but also access to global markets through ports. In other words, port-centric logistics. That is one of the many reasons why we have fully supported the United Kingdom’s policy of creating new economic opportunities through the development of freeports throughout the country, north and south. From our vast experience, we know that freeports generate trade and employment and attract investment. At London Gateway, 10 million square feet of land, with planning consent already in place, is available now. A further 17.5 million square feet is being prepared for development. Since freeport shortlist status was announced earlier this year, retail and manufacturing businesses looking to expand or establish new operations have moved to take advantage of the unique opportunities on offer. D P WO R L D Straddle carriers in operation at DP World London Gateway port The flexibility within the freeport’s customs zone will help manage non-tariff barriers, supporting businesses trading with the EU and the rest of the world