DAFZ adds $14bn to Dubai’s trade volume
Dubai, May 11, 2011
Dubai Airport Freezone (DAFZ) recorded a contribution of Dh52 billion ($14.15 billion) to the total volume of Dubai trade in 2010, representing 5.8 per cent of the total volume, said a study.
The total exports from Dubai were Dh355 billion, out of which DAFZ contributed Dh21.652 billion constituting 6 per cent, added the study conducted by the freezone authorities.
The overall imports into Dubai were Dh547 billion, of which Dh30.64 billion representing 5.6 per cent was contributed by DAFZ.
The efficiency per sq m from imports at the Dubai Airport Freezone stands at Dh30,644 while for exports, it is Dh21,652.
“The impressive contribution of Dubai Airport Freezone to the overall trade volume in Dubai is a testament to our commitment and effort towards supporting the local economy,” said Dr Mohammed Al Zarooni, director general, Dubai Airport Freezone.
“We will continue to attract more international investments by enabling an environment for businesses in our cluster to thrive.”
Over the last 15 years Dubai Airport Freezone has attracted more than 1,450 companies – including big multinationals from a variety of sectors such as aviation industry, pharmaceutical products, telecommunications, electronic & electrical materials, cargo & freight.
The freezone’s business result attracting 102 new companies in 2010 is a significant evidence of the momentum the Freezone creates in the local and regional economy.
“We are delighted by these results and our determination to contribute largely to the growth of Dubai economy is highly reinforced,” Dr Zarooni added.
“The strategy of the Dubai government to stimulate economic activities through free zones is yielding positive results and helping to attract more foreign investments into the country. We are proud to be part of the developmental march and reaffirm our commitment to providing the best facilities for the wide variety of businesses we serve,” concluded Dr Zarooni. - TradeArabia News Service