Dubai's DAFZA records 8.3% increase in sales revenues for H1 2021
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Dubai’s DAFZA records 8.3% increase in sales revenues for H1 2021

Dubai’s DAFZA records 8.3% increase in sales revenues for H1 2021

DAFZA also posted an 88.4 per cent rise in the number of registered companies in the first half of the year

The Dubai Airport Freezone Authority (DAFZA) has announced that it achieved 8.3 per cent growth in new sales revenues for H1 2021, resulting from a rise of 24 per cent in the leased areas compared to the same period last year.

DAFZA also recorded an increase in the number of registered companies by 88.4 per cent in the first half of 2021, compared to the same period in 2020.

The number of registrations for multinational companies also increased by 23.5 per cent. The free zone also supported small and medium-sized companies by providing advanced solutions that create opportunities for commercial and service expansion in the region, which resulted in an increase in such companies by 96.4 per cent compared to the same period last year.

DAFZA’s total trade reached more than $39bn in the first quarter of 2021, with an increase of 4.7 per cent compared to the same period in 2020. The free zone also achieved a trade surplus of Dhs2.44bn. As a result, DAFZA’s contribution to Dubai’s trade accounted for 11 per cent during the first quarter of 2021, in which it maintained the same level in the first quarter of 2020.

China stood out as the free zone’s top trade partner.

Sheikh Ahmed bin Saeed Al Maktoum, chairman of DAFZA, said, “DAFZA’s strong performance in the first half of this year confirms its ability to attract and sustain foreign direct investments. As well as its strategic role in supporting the vision of Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, in positioning Dubai as the capital of the global economy.”

“The emirate will be hosting the upcoming major global event Expo 2020, which will shed light on the exceptional experience led by the UAE and the emirate of Dubai in directing and attracting investments and creating opportunities. This means the coming phase will be a promising period of recovery that will positively reflect on our economy and the other neighboring markets,” Sheikh Ahmed added.

“DAFZA’s achievements during the first six months of this year highlight its relentless pursuit and keenness to provide a single global business model. The free zone also plays a key role in supporting the direction of the UAE and the emirate of Dubai in economic diversification, as DAFZA supports more than 1,800 companies across more than 20 economic sectors,” commented Dr. Mohammed Al Zarooni, director-general of DAFZA.

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