Revealed: the importance of DAFZA to #Dubai's foreign trade - Arabianbusiness

Revealed: the importance of DAFZA to Dubai's foreign trade - Arabianbusiness:

Dubai Airport Freezone Authority (DAFZA) on Wednesday announced that it contributed 12 percent of Dubai's AED1.02 trillion ($272 billion) foreign trade in the first nine months of 2019.

DAFZA said it achieved a growth of 11.2 percent in the total value of foreign trade to reach AED120 billion ($32.6 billion), in addition to an 11.8 percent growth in re-exports, valued at AED68 billion and accounted for 21.7 percent from the total re-exports in the emirate of Dubai.

DAFZA added that its operations during the first nine months of 2019 helped achieve a large trade surplus of AED16.2 billion.

Dr Mohammed Al Zarooni, director general of DAFZA, said: “Today, DAFZA is a key contributor to Dubai’s economy, attracting foreign direct investments from all over the world. Despite economic conditions and global uncertainties, the results achieved across a range of KPIs reflect the increasing global trade volumes coming through the free zone towards international markets.