DAFZ posts 36% year-on-year rise in non-oil trade in 2021

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Picture used for illustrative purpose only.

Non-oil trade of Dubai Airport Free Zone (DAFZ), part of the Dubai Integrated Economic Zones Authority (DIEZ), rose by more than 36 percent year-on-year in 2021, reinforcing Dubai’s strength as a global hub for trade and commerce. Figures shared by the DAFZ in cooperation with Dubai Customs showed that the free zone’s non-oil trade exceeded Dhs162 billion last year compared with Dhs119 billion the year before.

Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DIEZ, said, “We are proud of these exceptional results that highlight the strategic contribution of DAFZ under the umbrella of DIEZ. These results have been pivotal in promoting economic recovery in Dubai and the UAE. The free zone has fully recovered from the consequences of the COVID-19 pandemic, with trade returning to pre-2020 levels. This has reinforced its mission to enhance its strategic goals and contribute to strengthening Dubai’s position as a global trade hub.”

“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,” Sheikh Ahmed bin Saeed added.

WAM

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