UAE – Mubasher: The contribution of the Dubai Airport Freezone Authority (DAFZA) to Dubai’s foreign trade stood at 12% in 2019, compared to 11.2% in 2018, driven by DAFZA’s incentives and business facilitation services, Emirates News Agency (WAM) reported.
In 2019, DAFZA's foreign trade climbed by 12.6% to more than AED 164 billion from AED 146 billion in 2018.
The growth in DAFZA's foreign trade resulted from over 15.8% increase in imports and a 10.2% rise in total exports and re-exports, enabling the free zone to register an AED 19.4 billion trade surplus last year.
Meanwhile, India was DAFZA's largest trading partner in 2019 with AED 30 billion, followed by China with a trade exchange worth AED 28.4 billion, and Switzerland with AED 26.8 billion.
As for the imports, India came in first place with AED 29.4 billion, while Switzerland ranked first in terms of exports and re-exports with AED 25.1 billion.
Commenting on a strong annual performance, the director general of DAFZA, Mohammed Al Zarooni, said: “DAFZA is one of the most attractive destinations for global companies of all sizes and sectors looking to work within a safe and flexible investment environment that can keep pace with different economic trends and fluctuations.”
