Increase of 88.4% in the number of registered companies
The Dubai Airport Freezone Authority (DAFZA) recently announced the results of its operational performance for H1-2021.
The free zone achieved growth in new sales revenues with an increase of 8.3%, which resulted from the rise of 24% in the leased areas compared to the same period last year.
DAFZA achieved strong results by launching a set of economic incentives and packages to attract new investors. This led to an increase in the number of registered companies by 88.4% compared to the same period in 2020.
DAFZA’s total trade reached more than US$ 39bn in the first quarter of 2021, with an increase of 4.7% compared to the same period in 2020. The free zone also achieved a trade surplus of US$ 664mn. As a result, DAFZA’s contribution to Dubai’s trade accounted for 11% during the first quarter of 2021, in which it maintained the same level in the first quarter of 2020, a press statement indicated.
“DAFZA’s strong performance in the first half of this year confirms its ability to attract and sustain foreign direct investments.. Our results were an expected response to the recovery of the global trade movement and the opening of markets, proving the high confidence the emirate enjoys globally,” affirmed HH Sheikh Ahmed Bin Saeed Al Maktoum, Chairman, DAFZA.
“DAFZA is keen to continue its engagement with strategic and new markets and expand its high attractiveness with its integrated business solutions,” commented Dr. Mohammed Al Zarooni, Director General, DAFZA,
