It has maintained its position as a preferred destination for multinational corporations

Companies registered in DAFZA jump 88.4% in 6 months

• DAFZA recorded a growth in new sales revenue by 8.3%.

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• Mohammed Al Zarooni: "This year will include the announcement of strategic initiatives and projects for (DAFZA)."

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The number of companies registered in DAFZA increased by 88.4% during the first half of this year, compared to the same period in 2020, thus maintaining its position as a preferred destination for multinational companies and attracting, despite the current circumstances, more of them, as the number of registrations for this category increased by 23.5%. .

operational performance

In detail, the Dubai Airport Free Zone Authority (DAFZA) announced the results of the operational performance for the first half of 2021, which showed a growth in new sales revenue by 8.3%, and these increases resulted in a steady increase in rental spaces that reached 24% compared to 2020. .

These record results come as an extension of the strategic plan developed by DAFZA in early 2021, which sought to target open and booming markets after lifting the restrictions on trade movement globally, which were caused by the “Covid-19” pandemic.

This was reflected in the increase in the demand for logistic units and the leasing of more than double the leased space in 2020, confirming the excellence of the integrated services and facilities provided by DAFZA with its partners, in addition to its strategic location adjacent to Dubai International Airport, which facilitates its connection to various local, regional and international markets.

Attractive packages

DAFZA achieved strong results through attractive incentives and packages to attract investors, with the number of registered companies jumping by 88.4% compared to the same period in 2020. DAFZA maintained its position as a preferred destination for multinational companies and succeeded under the current circumstances in attracting more of them. The number of registrations for this category increased by 23.5%.

DAFZA also continued to support small and medium-sized companies and provide distinguished solutions to provide various opportunities for commercial and service expansion in the region, which is in line with the direction of the government of the UAE and the Emirate of Dubai to support this sector and advance its economic contribution. Small and medium-sized companies increased by 96.4% compared to the same period last year.

Dubai trade

The value of the free zone trade amounted to about 39 billion dirhams in the first quarter of 2021, an increase of 4.7% compared to the same period in 2020, in addition to a trade surplus of 2.44 billion dirhams. Thus, the Dubai Airport Free Zone contributes to Dubai’s foreign trade by 11% during the quarter The first of 2021 to maintain the same level recorded in the first quarter of 2020.

In terms of goods and merchandise, the two groups of machinery, television, electrical equipment, and the group of pearls, semi-precious stones and minerals accounted for 94% of DAFZA's trade, as the first group achieved a high growth of 32.4% in the first quarter of 2021, where the value of the group's imports amounted to 14.1 billion dirhams. The value of exports is 15.7 billion dirhams.

China tops the list of DAFZA's trading partners, which constitutes 31% of the free zone's trade in the first quarter of this year, as this trade witnessed a high growth of 56.4% compared to the same period last year, and its imports amounted to 64%.

Standard performance

His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Airport Free Zone Authority, said, "Dafza's strong performance in the first half of this year confirms its attractiveness to attracting and sustaining foreign direct investment, and its strategic role in supporting the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum. Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, in making Dubai the capital of the global economy.

Our results came as an expected response to the recovery of global trade movement and the openness of markets towards their recovery, proving the high confidence that Dubai enjoys globally.”

His Highness stressed that the emirate is on the cusp of the upcoming global event (Expo 2021), which will shed light on the exceptional experience led by the UAE and Dubai in directing and attracting investments and creating opportunities. Our economy and neighboring markets.”

powerful results

In turn, the Director-General of DAFZA, Dr. Mohammed Al Zarooni, said, "The Dubai Airport Free Zone demonstrates its ability to record exceptional and strong results in light of the challenges faced by the global trade movement, as (DAFZA) is keen to continue its engagement with strategic and new markets and expand The scope of its high attractiveness with its integrated business solutions by providing a real added value to the experience of its existing customers and new companies looking to grow their business and trade through the Emirate of Dubai.”

Al-Zarouni considered that "the achievements made by DAFZA during the first six months of this year confirm its tireless pursuit and keenness to present a single global business model, proving its distinguished leadership position among the list of the most advanced and developed free zones in the world, as well as its role in Supporting the direction of the UAE and Dubai in economic diversification, as (DAFZA) includes more than 1,800 companies in more than 20 economic sectors.

(DAFZA) is keen to confirm the flexibility of its business environment and its keenness to support the operations of operational companies by providing various incentives that enable them to achieve their strategic objectives from their target markets.”

He pointed out that this year will include the announcement of strategic initiatives and projects for DAFZA, which will confirm its position as a pivotal economic tributary in the Emirate of Dubai with a high competitive impact.

Ahmed bin Saeed:

• "Dafza's strong performance confirms its attractiveness to foreign direct investments."

• "Our results are an expected response to the recovery of international trade, and evidence of the confidence that Dubai enjoys globally."

"Scality" program

In terms of its commitment to support emerging, small and medium companies, DAFZA announced the launch of the innovative “Scality” program to support local, regional and global emerging technology companies and help them establish and grow their businesses in the region.

The program provides companies with the ability to establish and operate their businesses flexibly and easily.

"Hayyak" program

The Free Zone launched the “Hayyak” program for the employees of “Dafza” companies, which is the first of its kind in the free zones in the Emirate, and provides its members with a package of offers and comprehensive privileges.

The program will benefit more than 18,000 employees working in more than 1,800 companies in 20 different sectors based in the free zone and for its operations in the UAE and the region.

Strategic initiatives

DAFZA has signed an agreement with the Securities and Commodities Authority, with the aim of supporting the regulation, provision, issuance, listing and trading of encrypted digital assets in the free zone. Thus, DAFZA expands the scope of business licenses and commercial activities that will be integrated with the incentives and services of the free zone.

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