Free Zone Authority announces 11% growth in operational profits and 8% growth in total revenues
Dubai Airport Freezone Authority (DAFZA) has announced strong business results for the first half of 2018, showing an 11% growth in the EBID in comparison with the same period of 2017 and a growth of new rental revenues by 27%. The results include a 10% increase in licensing revenues and a 31% increase in revenues from government services, resulting in a total revenue growth of 8% in comparison to H1-2017.
The success witnessed by DAFZA came with a steady increase in leasable area reaching 43% compared to 2017, with a 63% growth in warehouses and 29% increase in office space. This is a result of DAFZA’s wide range of services and facilities along with its strategic location, linking it to local, regional and global markets.
DAFZA achieved a solid 15% growth in the number of registered companies over the same period in 2017, providing the ideal environment for attracting more foreign investors, long-term investment, business activity and development as well as world-class infrastructure, services and logistics facilities.
HH Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of the Dubai Airport Freezone Authority, pointed out that these achievements demonstrate DAFZA’s commitment to providing a world-class business model that enables DAFZA to assume a leading position among the most progressive free zones in the world.
Flexible business environment
Dr. Mohammed Al Zarooni, Director General of DAFZA, highlighted that these results underscore the flexible business and investment environment provided by DAFZA to its various segments of global investors.
Al Zarooni praised DAFZA’s strategy that integrates world-class infrastructure with the strategic location of Dubai to provide the highest level of services and meet the needs of customers. DAFZA always keep pace with international market requirements, economic policies and developments across various global business sectors.
