Dubai Airport Freezone contributes AED 52 billion to total Dubai trade
Rushika Bhatia

Dubai Airport Freezone contributes AED 52 billion to total Dubai trade

Dubai Airport Freezone recorded a significant contribution of AED 52 billion to the total volume of Dubai trade in 2010. This represents 5.8% of the total volume, according to study released by the Dubai Airport Freezone.

The total exports from Dubai were AED 355 billion, out of which Dubai Airport Freezone contributed AED 21.652 billion, constituting 6%. The overall imports into Dubai were AED 547 billion, of which AED 30.64 billion representing 5.6% was contributed by Dubai Airport Freezone.

The efficiency per square meter from imports at the Dubai Airport Freezone stands at AED 30,644 while for exports, it is AED 21,652.

Dr. Mohammed Al Zarooni, Director General, Dubai Airport Freezone, said: “The impressive contribution of Dubai Airport Freezone to the overall trade volume in Dubai is a testament to our commitment and effort towards supporting the local economy. We will continue to attract more international investments by enabling an environment for businesses in our cluster to thrive.”

Over the last 15 years Dubai Airport Freezone has attracted more than 1,450 companies – including big multinationals from a variety of sectors such as aviation industry, pharmaceutical products, telecommunications, electronic and electrical materials, cargo & freight.

The Freezone’s business result attracting 102 new companies in 2010 is a significant evidence of the momentum the Freezone creates in the local and regional economy.

“We are delighted by these results and our determination to contribute largely to the growth of Dubai economy is highly reinforced,” Dr. Zarooni added.

“The strategy of the Dubai government to stimulate economic activities through free zones is yielding positive results and helping to attract more foreign investments into the country. We are proud to be part of the developmental march and reaffirm our commitment to providing the best facilities for the wide variety of businesses we serve,” concluded Dr. Zarooni.