Dubai Airport Free zone Authority reached a trade surplus of Dh15.8 billion. In 2020, this contribution represents 10% to Dubai’s non-oil foreign trade.
DAFZA announced that they managed to achieve this high number despite all challenges rissen by the Covid-19 pandemic.
The free zone witnessed an exceptional growth if we compare it to the exact same period from last year. So far, in 2021, Dubai Airport Free Zone Authority witnessed an increase of a total of 50.4% (from both third and fourth quarter). Apart of its 10% contribution to Dubai’s non-oil foreign trade, DAFZA also holds 25% of the total trade in UAE Free zones.
The free zone stated that "The free zone also achieved a trade surplus of Dh15.8 billion, which accounted for Dh8.5 billion in the first half and Dh7.4 billion in the second half of the year."
Dr Mohammed Al Zarooni, director-general of Dafza, praised His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, and Ruler of Dubai for the free zone performance.
He mentioned that "These ongoing activities aim to support the economic landscape and business operations within the emirate. Other strategies aimed at enhancing logistical operations and ensuring smooth trade processes have allowed the emirate to continue on its path to recovery following the implications brought on by the pandemic."
Al Zarooni added "Dafza consistently contributes to the enhancement and continuity of trade activities. The free zone will continue to provide the necessary capabilities to allow the emirate's economic landscape to flourish and further expand its reach within crucial industries and regions."
In 2020, Dafza ranked first in terms of goods, electrical equipment and machinery. We talk about numbers such as Dh51.7 billion for exports and re-exports and Dh38.6 billion for imports.
After that came pearls, metals and semi-precious stones with a value of Dh10.9 billion for exports and re-exports, and a value of Dh9.1 billion for imports.
According to recent statements, "China was Dafza's biggest trade partner in 2020, with 27 per cent of a trade valued at Dh32.3 billion, followed by Iraq with 10 per cent at Dh11.8 billion. India was third with seven per cent at Dh8.6 billion."
As a result of the pandemic challenges faced across all sectors, DAFZA launched a series of economic stimulation packages to support multinational companies and SME's.
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