DUBAI / WAM
The Dubai Airport Free Zone Authority (DAFZA) posted yet another banner year in 2015, achieving an impressive total revenue growth of 7% and total
assets growth of 3%.
As a gateway connecting the emerging markets in Middle East and Africa, the Freezone grew its number of registered companies by 22 %, with multinational companies in particular rising 9 % as reflected by the growth of new sales revenue by 18 %. The share of GCC and Middle Eastern companies in DAFZA reached 40 %, followed by American and European companies at 36 % and Asian companies at 18 %. The share of companies from other parts of the world collectively reached 6 %.
Reflecting the resurgence of Dubaiâ€™s business environment, DAFZA witnessed higher demand for its office packages due to various factors, such as sustained economic growth and eager anticipation over global prospects related to the upcoming 2020 Dubai World Expo.
HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DAFZA, said, â€œDAFZA is taking steady steps towards positioning itself as a main player and major driver for economic development and trade growth in Dubaiâ€.