By Dominic Ellis gulfbusiness.com
Dubai Airport Freezone (DAFZA) reported 26 per cent year-on-year revenue growth last year and volumes rose 73 per cent to Dhs69 billion.
The growth was fuelled by a 37 per cent increase in construction and engineering companies, itself a reflection of the boom in Middle Eastern construction projects. Jewellery was another key sector that saw marked growth last year.
DAFZA issued 201 licenses and the number of registered UK companies rose 25 per cent.
HH Sheikh Ahmed bin Saeed al Maktoum, chairman of Dubai Airport Freezone, said it will continue to provide DAFZA with “all the support it needs” to ensure it continues to rank among the top global freezones.
Dr. Mohammed Al Zarooni, DAFZA’s director general, said the freezone’s location, next door to Dubai International Airport, has made it favourable to foreign companies, together with the availability of “many facilities, hassle-free procedures and investment opportunities”. The total number of companies currently stands at 1,600.
A new project underway (main picture) includes a food court with mixed-use recreational business facilities, seven floors dedicated to new offices for international organisations and a building dedicated to DAFZA’s strategic partners from various governmental institutions. The main power station will increase capacity by 40 per cent to accommodate this growth. More info