64% recorded a growth in the number of new companies and a 7.6% increase in sales revenue during 2020
DAFZA: 22 initiatives within two years to accelerate the recovery process
The contribution of DAFZA to Dubai's trade in the first nine months of 2020 is 10%. From the source
Ahmed bin Saeed: “Indicators supported by investor confidence confirm the distinguished economic prospects of Dubai in the short and long terms.”
Mohammed Al-Zarouni: "We welcomed the new year, reassuring about the future, and ready for the stage of economic recovery and beyond."
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Dubai Airport Free Zone Authority (DAFZA) announced the recording of distinguished financial and operational results during the year 2020, in conjunction with its celebration of the silver jubilee year of its establishment and the launch of its journey.
And it stated in a statement yesterday that these results confirm the effectiveness of the strategic initiatives and the economic stimulus packages that it launched to contain the impact of the challenges posed by the "Covid-19" pandemic, as well as a direct reflection of the recovery in the performance of economic activities at the level of the Emirate of Dubai.
New initiatives
"DAFZA" revealed that the year 2021 will witness the launch of a set of economic initiatives and incentives, as part of its plan to accelerate the recovery process from "Covid-19", as it will include more than 22 strategic initiatives that will be implemented during the next two years.
She explained that these initiatives fall under different dimensions, including: “the commercial and promotional dimension, the service dimension and the customer experience, and the diversified dimension of investments”, pointing out that the initiatives aim to provide added value and a high investment return on the institutional and economic levels, which will have a clear impact on enhancing the status DAFZA is a vital and growing economic tributary in the Emirate of Dubai.
During the year 2020, Dubai Airport Free Zone implemented more than 25 initiatives under the umbrella of social national responsibility.
2020 results
DAFZA revealed that it achieved a series of distinguished results on the financial level compared to the year 2019. In the first nine months of 2020, the Dubai Airport Free Zone trade recorded about 87.4 billion dirhams, at a time when its contributions to Dubai trade, during that period, constituted a percentage of 10%.
The results also showed that DAFZA achieved a trade surplus of 10.6 billion dirhams during the same period.
In turn, the operating results of DAFZA showed an increase in total sales revenues by 7.62%, and a growth in the number of new companies registered by 64.11%.
DAFZA currently includes more than 1,800 companies, and during the year 2020 it recorded a significant increase of 64.11% in the number of new companies registered.
An exceptional year
His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Airport Free Zone Authority (DAFZA), affirmed that 2020 was an exceptional year and posed a great challenge to various economic and vital sectors, in light of the response to the crisis and the need to adapt lifestyles to the new social distancing measures.
His Highness said, "We in Dubai are committed to directing our leadership to provide an impetus to a sustainable and comprehensive economic recovery."
His Highness continued: “The Dubai government provided a unique model through which it provided all the elements of support, confirming the emirate’s reputation in terms of challenging the difficulties, boldness to make change, and stimulating commercial and economic movement, which is in line with its role and the primacy of its position as a global economic and trade center that attracts foreign investments. Its presence and sustainability in the region is active, as this support came in the form of a series of economic stimulus packages and financial facilities for those affected by the economic consequences of the pandemic, to correct its path towards a full economic recovery.
Positive boost
His Highness added: “The results achieved by the Dubai Airport Free Zone, and the business community it contained over the past year, give a positive impetus towards building on these successes, as the various indicators supported by investor confidence confirm the distinguished economic prospects of the Emirate of Dubai in the short and long term, as well as the return of The economic sectors reached high productivity stages during the year after overcoming challenges, thanks to government initiatives aimed at supporting the stage of economic recovery, and the insistence of our economic engines to revitalize and accelerate the movement of supply chains and global trade.
Get ready to recover
For his part, the Director General of the Dubai Airport Free Zone Authority (DAFZA), Dr. Muhammad Al-Zarouni, said, “In light of the challenges that emerged due to the (Covid-19) pandemic, the year 2020 proved the effectiveness of the solid foundations laid by (DAFZA) in containing the impact of various fluctuations. Economic growth on world markets ».
He added, "We welcomed the new year, reassuring about the future, and ready for the stage of economic recovery and beyond."
Al-Zarouni stressed the commitment of DAFZA during the year 2021 to government directions aimed at alleviating the challenges of the pandemic on the economic sectors, and supporting companies.
Sustainability in 2020
Reducing carbon dioxide emissions by 4.9%.
Reducing energy consumption by 4.9%.
Reducing energy consumption in buildings by 8.7%.
Reducing water consumption by 14%.
Improving the efficiency of the cooling plant to 0.7 kW / ton
Corporate nationality
The Middle East regions occupy the largest percentage of the total number of companies in "DAFZA", at 54% of the total number of companies, followed by European companies by 21.5%, and Asian companies by 15%.
China accounted for 25% of the main trading partners during the first nine months of 2020, at a value of about 22 billion dirhams, while Iraq accounted for 10%, with an estimated value of nine billion dirhams, and India 8%, at a value of seven billion dirhams.
• 87.4 billion dirhams, trade in DAFZA in the first nine months of 2020.
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