Visas for the thousands of employees working at
Dubai’s Jebel Ali Free Zone (Jafza) will now be processed within 24 hours.
Jafza on Monday signed a deal with the General
Directorate of Residency and Foreign Affairs (GDFRA) that seeks to fast track
and improve visa processing for people working in the emirate’s major business
hub.
“The time is taken
to process visas and related transactions are
being cut to 24 hours,” Jafza said in a
statement.
The move is expected to benefit more than
150,000 workers employed in at least 7,500 companies. The agreement between GDFRA and Jafza is also seen to boost
productivity within the businesses operating in the free zone.
The free zone attracts more than 20 per cent of
the UAE’s foreign direct investment. It is home to thousands of companies, many
of which are catering to major markets in the region and the rest of the world.
According to the latest figures, trade between Jafza
and India alone reached over $3.4 billion in 2017.
Those dealing in automotive and spare parts
also recorded business worth Dh39.5 billion in the same year.
“Simplifying business process results in
increased efficiency and more productive companies and employees,” said Sultan
Ahmed Bin Sulayem, group chairman and chief executive officer of DP World.
“The agreement represents a new phase of
cooperation with the GDFRA and integrates business practices as directed by His
Highness Shaikh Mohammad bin Rashid Al Maktoum, vice president and prime
minister of the UAE and ruler of Dubai.”
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