10% of its contribution to Dubai's total trade
119 billion dirhams in the non-oil foreign trade of DAFZA in 2020
The contribution of DAFZA in the total trade in Dubai free zones is about 25%.
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Mohammed Al Zarouni: "The results reflect Dubai's pivotal role in sustaining economic activity in the region and the world."
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The Dubai Airport Free Zone Authority (DAFZA) announced yesterday that its non-oil foreign trade reached more than 119 billion dirhams during the past year, explaining that its contribution to the total non-oil trade of the Emirate of Dubai amounted to about 10%, and about a quarter of the free zone trade in The emirate (25%), which confirms that the free zone has overcome the challenges and consequences of the pandemic.
Exceptional growth
"DAFZA" stated in a statement that its trade witnessed exceptional growth during the third and fourth quarters of last year by 36.4% and 23%, respectively, to achieve a trade surplus of 15.8 billion dirhams distributed over 8.5 billion dirhams in the first half and 7.4 billion dirhams in the half. The second.
The second half of 2020 witnessed a growth in total trade by 7.1% compared to the first half of the year, as a result of the growth in imports of all types of goods by 10.7%, exports by 7%, and re-exports by 4.5%.
Main sectors
As for the main sectors of the "DAFZA" trade, the group of machines, machinery and electrical equipment was the main engine in last year's trade, accounting for 76.7% for exports and re-exports with a value of 51.7 billion dirhams, and 74.8% for imports with a value of 38.6 billion dirhams, followed by a group of precious stones, precious metals and jewelery. And jewelery, in second place, by 16.2% for exports and re-exports, at a value of 10.9 billion dirhams, and by 17.7% for imports, at a value of 9.1 billion dirhams. These two groups constitute about 93% of the total trade of "DAFZA".
Business partners
As for the trade partners of DAFZA, the Asian continent constituted 42.6% of the total DAFZA trade, followed by the countries of the Middle East and North Africa with 37.9% of which the Gulf Cooperation Council countries represented 17.8%, and the European continent with 13.6%.
China ranked first during the past year, with a rate of 27%, at a value of 32.3 billion dirhams, followed by Iraq by 10%, at a value of 11.8 billion dirhams, and India by 7%, at a value of 8.6 billion dirhams.
An exceptional environment
The Director General of the Free Zone Authority at Dubai Airport, Dr. Muhammad Al-Zarouni, said, “The economic stimulus packages launched by the Dubai government have integrated with strategic initiatives to support the national economy and business sectors, and with a system of dynamic and flexible logistics and customs facilities, to provide an exceptional environment that ensures flow and smooth movement. Global trade through the emirate of Dubai and advancing the recovery from the pandemic ».
A pivotal role
He added that the financial results of DAFZA reflect the importance of the pivotal role of the Emirate of Dubai in the sustainability of the economic movement at the level of the region and the world by ensuring that the movement of trade and the global supply chain does not stop in light of any changes or challenges, a role that the Dubai Airport Free Zone contributes to achieving through sustainability Its participation in the emirate's non-oil foreign trade.
Stimulate
The Dubai Airport Free Zone launched a series of economic stimulus packages to support global, small and medium companies during the pandemic phase and its unprecedented economic challenges that affected most business sectors, and which demonstrated their effectiveness and importance in ensuring that the necessary flexibility is given to these companies to contain the impact of the pandemic, in line with the approach of the Emirate of Dubai. And its targets in this context.
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"DAFZA" achieved a trade surplus of 15.8 billion dirhams.
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