DAFZA 25th Anniversary
DAFZA celebrates its Silver Jubilee Year and announces positive results in 2020 The results achieved by DAFZA and its business community during 2020, the investors’ confidence and other various indicators give a positive outlook on the short and long term for economic recovery in the country.
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ubai Airport Free Zone Authority (DAFZA) is celebrating its Silver Jubilee year, highlighting its success as one of the leading Free Zones in the UAE, following outstanding financial and operational results last year. The Free Zone’s results affirm the effectiveness of its strategic initiatives and economic incentive packages that were launched to overcome the challenges caused by COVID-19. The results are a direct reflection of the return of the economic activities and positive performance in the emirate of Dubai. During this period, confidence in the Free Zone’s capabilities remained strong due to DAFZA’s ability to combat the economic slowdown while leading operations towards a full economic recovery. The Free Zone recorded an increase in the number of businesses that have commenced operations within DAFZA or moved operations to the Free Zone, during a period of rapid changes in business and trade sectors. DAFZA achieved a series of remarkable
financial results in the first 9 months of 2020 in comparison to the same period in 2019 including: • T rade amounting to AED 87.4 billion • 1 0% contribution to Dubai’s trade • A trade surplus amounting to AED 10.6 billion The most notable results achieved by DAFZA during the first 9 months of 2020 include: • I ncrease of 7.62% in sales revenues • 1 1 % increase in the number of registered companies Commenting on the 2020 results, His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Airport Free Zone Authority (DAFZA), expressed that 2020 was an extraordinary year that posed major challenges for various vital sectors. During the end of 2020, as a response to the crisis and the need to adapt to the new norm imposed by the social distancing measures, we are committed to the directives of our wise leadership to provide an impetus to
a sustainable and inclusive economic recovery. His Highness Sheikh Ahmed bin Saeed Al Maktoum said: “We are proud of the exceptional approach the government of Dubai took under its wise leadership to provide all kinds of support, which reaffirms the emirate’s reputation in terms of challenging the impossible to adjust and revitalize commercial and economic movement. This comes in line with its role and position as a global economic and trade hub that attracts foreign investments and enhance its presence in the region. This support came in the form of a series of economic stimulus packages and financial incentives for those impacted by the pandemic to help them find the right path towards the economic recovery. “The results achieved by DAFZA and its business community during 2020, the investors’ confidence and other various indicators give a positive outlook on the short and long term for economic recovery in the country. This is also supported by the return of the economic
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