Impressive results from DAFZA

By Bizclik Editor

The Dubai Airport Freezone Authority (DAFZA) has shared its 2015 financial results, achieving total revenue growth of 7 percent and total assets growth of 3 percent.

As a gateway connecting the emerging markets in Middle East and Africa, the Freezone grew its number of registered companies by 22 percent, with multinational companies in particular rising 9 percent as reflected by the growth of new sales revenue by 18 percent. 

DAFZA witnessed higher demand for its office packages due to various factors, including sustained economic growth and the upcoming 2020 Dubai World Expo. 

H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DAFZA, said: “DAFZA is taking steady steps towards positioning itself as a main player and major driver for economic development and trade growth in Dubai, posting a strong performance and achieving significant growth at the operational level and among the focal sectors in the freezone. Last year’s buoyant financial results are testaments to DAFZA’s high potentials and competitive advantages which reflect its pivotal role in attracting foreign investments in the coming months.”

Follow @BusinessRevME

Share

Featured Articles

Abu Dhabi Airports prepares for Terminal A opening

A decade in the making, Abu Dhabi International Airport welcomes 6,000 volunteers to test operational readiness of stunning new Terminal A building

Business Chief expands portfolio with new look and coverage

Business Chief Middle East & Africa launches with fresh new look and extended coverage of the region, with exclusive executive interviews and insights

How Octopus Energy grew to become an industry giant

Octopus Energy continues to grow after a deal was agreed to acquire Shell Energy in the UK and Germany, taking its customer base to almost seven million

Perkbox CEO: How to support employees through tough times

Human Capital

How Middle East is embracing the future of digital finance

Corporate Finance

UAE Lulu Group shifts business for global growth and IPO

Corporate Finance