His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Integrated Economic Zones Authority (DIEZ), revealed that DIEZ’s operating profit has increased by 64.6% compared to the previous year, highlighting its significant impact on the Dubai economy. With net assets valued at over AED20.8 billion, DIEZ has also seen a growth of 49.2% in earnings before interest, taxes, depreciation, and amortisation, along with an 8.1% rise in total revenues. These figures emphasize DIEZ’s role as a key player in Dubai’s economy.
Economic zones under DIEZ’s jurisdiction, such as the Dubai Airport Free Zone, Dubai Silicon Oasis, and Dubai CommerCity, have experienced a 15.3% increase in registered companies. The total number of employees in DIEZ economic zones has also increased by 30.5% to reach 70,000, showcasing DIEZ’s direct contribution to Dubai’s GDP, which currently stands at 5.1%.
Various sectors within the economic zones overseen by DIEZ have shown remarkable growth, with the wholesale and retail trade sectors increasing by 24.4%, and professional services, scientific solutions, and services sectors growing by 89.6%. Additionally, the information and communications technology sector saw an 18.1% increase, while the financial and insurance sector surged by 106.9%. The administrative and support services sector also saw a significant growth of 93%, and the transportation and storage sector registered a 48.3% increase.
His Highness Sheikh Ahmed bin Saeed Al Maktoum emphasized the ambitious strategies implemented by DIEZ to promote investment, enhance GDP, and boost non-oil foreign trade in Dubai. These strategies aim to support sustainable growth and align with Dubai’s economic goals.
Executive Chairman of DIEZ, His Excellency Dr. Mohammed Al Zarooni, highlighted the Authority’s commitment to advancing Dubai’s economy and enhancing its global competitiveness. DIEZ’s new strategic approach for 2024-2026 focuses on excelling in contributions to Dubai’s non-oil economy, fostering entrepreneurship, and enriching business benefits through innovative products and services.
DIEZ has also made significant strides in sustainability efforts, reducing carbon emissions, and adopting AI technologies to drive economic growth and innovation in Dubai. The Authority’s dedication to sustainable practices and embracing emerging trends underscores its commitment to contributing to Dubai’s economic development and global standing.
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