UAE – Mubasher: Dubai Airport Freezone Authority (DAFZA) registered a 54% rise in exports during the first quarter (Q1) of 2020, according to the Dubai media office.
China accounted for 21% of DAFZA's trade at a value of AED 7.7 billion, followed by India with AED 5.1 billion and Switzerland with AED 5.1 billion.
As for the imports, the machinery and electrical equipment and pearls, semi-precious stones, and metals sectors have represented 93% of DAFZA's total trade in the first three months of 2020.
Meanwhile, DAFZA saw AED 3.1 billion trade surplus with goods from various industries during the first half (H1) of 2020, while the sales rate grew by 9%.
The number of registered companies in the freezone increased by 19% when compared to 2019, with an around 23% growth in the number of small and medium-sized companies.
The chairman of DAFZA, Sheikh Ahmed bin Saeed Al Maktoum, said: "The free zone's capability to control the impact of the current pandemic has led DAFZA to sustain growth and flow of foreign direct investment during the recession and economic recovery stage, which has led to mixed results around the world."
