Tuesday 19 March 2024
 
»
 
»
Story

Dafza .... effectively contributing to Dubai’s economic development.

Dafza’s net profit surges 48pc in 2014

DUBAI, February 24, 2015

The Dubai Airport Freezone Authority (Dafza) said its net profit grew 48 per cent in 2014 over the previous year, with total revenues up by 13 per cent.

The authority, whose total assets also climbed by 3.42 per cent, contributed Dh109 billion ($30 billion) to Dubai’s non-oil foreign trade last year, said a statement.

As a result of Dubai’s dynamic business activity, the demand for high-quality office spaces rose, meeting the needs of investors from around the world. Consequently, Dafza witnessed an 11.25 per cent increase in office space acquisition and related revenue growth of 18 per cent in 2014.

Commenting on the results, Sheikh Ahmed bin Saeed Al Maktoum, the chairman of Dafza, said: "The strong performance in 2014 reflects our commitment to effectively contribute to Dubai’s economic development and solidify the leadership of Dubai as a global hub for business and investment."

"The positive financial results for 2014 reflect Dafza’s vital role in attracting international investors and increasing more foreign capital inflows, which add value to the national economy," stated Sheikh Ahmed.

The successive achievements drive us to further intensify our efforts to consolidate the leadership of Dafza as one of the best free zones in the world," he added.

Dafza seeks to continue the hard work to ensure the success of its expansion plans and strategies and keep up with current and future changes in the regional and international markets, said the chairman.

This is in line with the vision and directions of the UAE Government and its goal to provide creative solutions for the global business sector, he added.

Dr Mohammed Al Zarooni, the director general at Dafza, said: "We continue to lead the march of leadership and excellence year after year, backed by an ambitious strategy and competitive and world-class elements, including advanced infrastructure, new projects and services, smart applications and facilities, and investment incentives."

"We are proud of our strong performance in 2014 which saw our remarkable progress in the implementation of projects and initiatives that will enhance Dafza’s status and reinforce its position as one of the most sophisticated free zones in the world," observed Al Zarooni.  

"We look forward with optimism this 2015 as we work to maintain a leading role in achieving the Dubai Government's strategy through the freezone’s expansion and its thrust towards diversifying its business portfolio and investments to emphasize its role as a major contributor to the emirate’s GDP," he added.-TradeArabia News Service
 




Tags: Dubai | DAFZA |

More Industry, Logistics & Shipping Stories

calendarCalendar of Events

Ads