The Dubai Airport Free zone Authority’s (DAFZA) contribution to Dubai’s non-oil foreign trade for the first-half of 2021 has reached 11 per cent.
Trade during the period surged 34 per cent to Dh77 billion, with a surplus of Dh6.2 billion.
“Dubai is on track to achieve its foreign trade target of Dh2 trillion over the next five years.
To realise this, it is strengthening foreign connections and adding 200 new cities to its network of global trade partners,” said Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DAFZA.
“In addition, DAFZA is continuing to grow its trade movement, with more strategic initiatives that elevate its services, customs facilities, as well as investment and commercial incentives.”
Imports recorded a growth of 44.5 per cent in the first-half of the year compared to the corresponding period last year, reaching Dh35.4 billion. Imports represent 8.5 per cent of Dubai’s total imports.
As for re-exports, DAFZA saw gains of 24 per cent to total Dh40.8 billion, representing 20.5 per cent of Dubai’s total non-oil foreign trade.
“DAFZA’s results confirm the success of our efforts,” said Dr. Mohammed Al Zarooni, Director-General of tDubai Airport Freezone Authority.
Electrical equipment are among the key commodities featured in DAFZA’s trading. These saw a significant growth of 43 per cent compared to the previous year. As a result, the sector represented 74.4 per cent of exports and re-exports amounting to Dh31 billion.