Petrochemical companies operating in Jebel Ali Free Zone (Jafza), the region’s premier business and logistics hub, generated trade worth Dh16 billion ($4.3 billion) in 2017, said DP World, a leading enabler of global trade and an integral part of the supply chain.
Jafza is home to 526 companies in the sector from 67 countries and will be exhibiting its services in the petrochemical sector at the 10th GPCA Supply Chain Conference in Dubai, it stated.
The event covers a wide range of topics ranging for current global trends, technology disruption, collaboration, business optimisation, procurement and organisational culture with case studies from around the world.
DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem said: "Creating better supply chains depends on industry collaboration and sharing of knowledge to help the sector identify and resolve inefficiency."
"Real-time data is now the norm and the need for collaboration grows as well. We understand the value it offers and are pleased to support the GPCA given that the value and volume of trade through Jafza reinforces the national economy," he noted.
In his keynote speech at the conference, CEO and Managing Director of DP World, UAE Region and Jafza CEO Mohammed Al Muallem highlighted the value of sector-wide collaboration, citing both Dubai and DP World’s success.
Recent studies suggest that more than 80 per cent of organisations globally agree that increasing collaboration with internal and external stakeholders can drive bottom line results and reduce costs in the supply chain, he added.