DAFZA contributed Dh109b to Dubai non-oil foreign trade

Net profit rose 48% in 2014 when compared to a year earlier and revenues climbed 13%

Dubai: Dubai Airport Freezone Authority (DAFZA) contributed Dh109 billion to Dubai’s non-oil foreign trade last year, the government owned entity said on Tuesday.

Net profit rose 48 per cent in 2014 when compared to a year earlier and revenues climbed 13 per cent. The free zone did not release actual profit or revenue figures.

“We look forward with optimism this 2015 as we work to maintain a leading role in achieving the Dubai Government’s strategy through the freezone’s expansion,” said Mohammad Al Zarouni, Director General of DAFZA.

DAFZA “total assets” climbed by 3.42 per cent and office space acquisition increased 11.25 per cent.

In 2014, European and American companies represented 41 per cent of DAFZA clients, GCC companies were 30 per cent and Asian firms 17 per cent with the rest accounting for 12 per cent, DAFZA said.

“We are proud of our strong performance in 2014 which saw our remarkable progress in the implementation of projects and initiatives that will enhance DAFZA’s status and reinforce its position as one of the most sophisticated free zones,” said Al Zarouni.