DAFZ records 36% YoY rise in non-oil trade in 2021, value exceeds Dhs162bn DAFZ records 36% YoY rise in non-oil trade in 2021, value exceeds Dhs162bn
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DAFZ records 36% YoY rise in non-oil trade in 2021, exceeds Dhs162bn in value

DAFZ records 36% YoY rise in non-oil trade in 2021, exceeds Dhs162bn in value

Asia accounted for 43 per cent of DAFZ’s total trade with a value of Dhs69.5bn, followed by the Middle East and North Africa

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Dubai Airport Free Zone (DAFZ), which is under the umbrella of the Dubai Integrated Economic Zones Authority (DIEZ), announced that its non-oil trade grew by more than 36 per cent year-on-year in 2021.

Figures shared by the DAFZ and Dubai Customs showed that the free zone’s non-oil trade exceeded Dhs162bn last year compared with Dhs119bn the year before.

Sheikh Ahmed bin Saeed Al Maktoum, chairman of DIEZ, said, “These unprecedented results align with the national economic performance, which recorded qualitative leaps recently following the strong growth of Dubai’s non-oil trade. This has become a new base for further progress this year and in the future. Dubai has adopted various initiatives and undertaken development programmes in its commercial sectors, including a digital services system, developing its logistics infrastructure, and attracting national and international competencies. These initiatives have successfully implemented operational systems that meet the highest speed, efficiency, and competitiveness.”

DAFZ contributed 10.7 per cent to Dubai’s non-oil trade in 2021, exceeding expectations across all sectors. The free zone also recorded a trade surplus of Dhs9.3bn.

This growth was fuelled by the massive 48 per cent year-on-year increase in imports, exceeding even the record levels achieved in 2019 and resulting in a quadrupling of exports, reaching Dhs1.4bn in 2021.

Dr Mohammed Al Zarooni, executive chairman of DIEZ, said, “These exceptional results highlight the success and effectiveness of the strategic plans developed by Dubai to enhance the growth of the non-oil trade sector and develop its operations by following a new and comprehensive organisational structure. This has resulted in establishing the integrated business environment of DIEZ, which heralds a new stage of excellence and growth across all levels, in addition to offering flexibility in adapting to regional and global conditions and turning challenges into real opportunities for all parties.”

“During the pandemic, Dubai focused on developing accurate plans and continued to strengthen its partnerships and operations, a step that facilitated these exceptional results. This year serves as a new roadmap toward achieving the strategic goals of the emirate’s non-oil trade sector and becoming a global hub for international trade. This is evident by the overall growth of imports to the emirate and the enabling partnerships and attraction of new global companies that have chosen Dubai as the base for their global operations,” Al Zarooni added.

In 2021, DAFZ achieved exceptional growth that contributed to surpluses in various sectors, particularly in the machinery, equipment and appliances, and precious stones, metals and jewellery sectors. These two sectors achieved growth between 36 per cent and 46 per cent and made up an average of 94 per cent of DAFZ’s overall trade.

Machinery, equipment and appliances were the chief contributors to DAFZ’s trade in 2021, making up 74.6 per cent of exports with a value of Dhs63.9bn, and 77.1 per cent of imports with a value of Dhs58.9bn. Precious stones, metals, and jewellery made up 19.3 per cent of exports with a value of Dhs16.5bn, and 16.7 per cent of imports with a value of Dhs12.7bn.

Asia accounted for 43 per cent of DAFZ’s total trade with a value of Dhs69.5bn, followed by the Middle East and North Africa with 37 per cent and a value of Dhs60.7bn, and Europe with 13 per cent and a value of Dhs21.6bn.

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