Media ININ Economy We Trust
Dubai 13-10-2019
Dubai Airport Free Zone Authority’s (DAFZA) contribution to Dubai’s foreign trade reached 12% in the first half of this year, confirming the success of its plans to strengthen its economic role and establish its presence among the free zones as one of the most developed, advanced and distinguished at the state and regional level.
The results of the first half confirmed DAFZA’s success in achieving high growth rates compared to the same period last year, where it achieved a growth of 8% in the total volume of foreign trade to exceed 78 billion dirhams, an increase of 5.7 billion dirhams, driven by a growth of 11% in the volume of re-export which reached Dubai Free Zone has achieved a significant trade surplus of AED 11 billion in the first half of 2019, a growth of 35% compared to the same period last year.
His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Aviation Authority and Chairman of Emirates Airline Group and Chairman of Dubai Airport Free Zone Authority, said that the results of the first half of 2019 confirm the status of the free zone as a major tributary of the UAE economy in general and Dubai in particular in addition to its strategic role. In facilitating the movement of global trade through the Emirate of Dubai, which mediates the global trade map as a strategic gateway to the various countries and continents of the world and the meeting point of global trade routes linking east, west, north and south.
His Highness Sheikh Ahmed bin Saeed said that these results are the result of the efforts of the Free Zone to increase the flows of foreign direct investment to the Emirate and sustain the growth of its business, which confirms that the initiatives of the leadership and government of Dubai in stimulating economic activity and adapt to the economic climatic fluctuations faced by the world of trade tensions and slowdown In fact, the growth achieved by DAFZA over the past two decades is a confirmation of the role of DAFZA in achieving the Emirate’s objectives and plans. A strategy for economic diversification away from dependence on oil according to a clear economic vision for the future.
For his part, HE Dr. Mohammed Al Zarooni, Director General of Dubai Airport Free Zone Authority, said DAFZA continued to play its full role in promoting the outstanding growth witnessed by the Dubai economy through tight plans to ensure that the free zone is home to major international companies as well as small and medium-sized companies aspiring. Al Zarooni said that the results of the trade movement through the free zone are a direct reflection of the positive image and confidence that foreign companies and investors place in Dubai Airport Free Zone as an important station that provides various factors that ensure this ease. Commercial movement.
India accounted for the highest percentage of DAFZA trade with 18%, with a value of 14.1 billion dirhams, followed by Switzerland with 16.4% and 12.8 billion dirhams, while China accounted for 15.7% and 12.3 billion dirhams. DAFZA increased by 27% to AED 12 billion, a growth of 16% over the same period last year. India ranked first in terms of its contribution to DAFZA’s imports and represented 41% and AED 13.8 billion, a growth of 16% over the same period last year.
With regard to the type of goods, the trade of “DAFZA” witnessed a great diversity, where the group of machinery, machinery and electrical equipment came first with 58% of the total re-export value of 25.7 billion dirhams, an increase of 15%, representing 48% of total imports worth 16.2 billion dirhams followed by a group Precious stones, precious metals, jewelery and jewelery accounted for 35% of the total re-export value of 15.5 billion dirhams and 43% in terms of total imports worth 14.5 billion dirhams, accounting for 92% of the total trade of DAFZA.
During the year 2019, a number of international companies opened their regional headquarters in DAFZA or expanded their facilities to serve customers across the region.One of these achievements was the expansion of Airbus through the opening of the first specialized center to provide cabin services to customers in the Middle East. Middle East and Africa, which will provide services to local and regional airlines as well as customers in India and Turkey, which includes maintenance services and spare parts for cabin components and systems as well as on-site technical services such as training systems, contributing to provide the highest standards Flexibility and easy access to aircraft spare parts for customers across the region taking advantage of Dubai Airport Free Zone’s strategic location.
TNA, a global leader in packaging and food processing solutions, has opened its new regional headquarters in Dubai Airport Free Zone, where it will provide a wide range of after-sales services to customers in the region, including enhanced technical support services. In addition, Michelin, the world leader in tire design, manufacturing and distribution, has opened its regional headquarters in the Free Zone to manage its operations in Africa, India and the Middle East, and oversee 87 offices. A in these areas and to develop and expand its regional operations, where this opening came as a result of one of the confidence of major international companies in the premium services offered by the free zone and the appropriate business model.
