DAFZA contributes $44.6bn to Dubai's foreign trade in 2019

In 2019, India was reported to be DAFZA's biggest trade partner, followed by China and Switzerland

DAFZA contributes $44.6bn to Dubai's foreign trade in 2019
Wam
DAFZA contributes $44.6bn to Dubai's foreign trade in 2019

Dubai Airport Freezone Authority's (DAFZA) contribution to the emirate's foreign trade economy has risen to 12% at $44.6bn (AED164bn) in 2019, compared to a 11.2% contribution of $39.7bn (AED146bn) during 2018.

The figures are indicative of incentives and business facilitation services provided by DAFZA that have enhanced the attractiveness of the free zone to foreign investors, Dubai Media Office stated.

In 2019, India was reported to be DAFZA's biggest trade partner, followed by China and Switzerland.

In addition, a number of international companies opened their regional headquarters in DAFZA or expanded their facilities to serve customers across the region in 2019.

The figures are also attributable to a 15.8% growth in imports, amounting to $19.7bn (AED72.4bn). The authority achieved $24.9bn (AED91.8bn) in total exports and re-exports, recording a year-on-year growth of 10.2%.

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