{"id":17415,"date":"2020-03-31T07:05:37","date_gmt":"2020-03-31T07:05:37","guid":{"rendered":"https:\/\/213.42.53.173\/?p=17415"},"modified":"2024-03-05T18:01:59","modified_gmt":"2024-03-05T14:01:59","slug":"dafzas-total-trade-reaches-aed-120-billion-in-the-first-nine-months-of-2019","status":"publish","type":"post","link":"https:\/\/www.dafz.ae\/en\/dafzas-total-trade-reaches-aed-120-billion-in-the-first-nine-months-of-2019","title":{"rendered":"DAFZ\u2019s total trade reaches AED 120 billion in the first nine months of 2019"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"17415\" class=\"elementor elementor-17415\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6d08638 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6d08638\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0b5ad42\" data-id=\"0b5ad42\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-904d45e elementor-widget elementor-widget-text-editor\" data-id=\"904d45e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\n<div style=\"text-align: center; font-style: italic;\">&#8211; Growth of 11.2% in the total trade<\/div>\n<div style=\"text-align: center; font-style: italic;\">&#8211; Trade surplus of AED 16.2 billion<\/div>\n<div style=\"text-align: center; font-style: italic;\">&#8211; Re-exports grow by 11.8%<\/div>\n<div>\u200b<b>January 9, 2020; Dubai, UAE:<\/b>\u200b Dubai Airport Freezone Authority (DAFZ) today announced that it contributed 12% of Dubai&#8217;s AED 1.02 trillion foreign trade in the first nine months of 2019. The results highlight the success of DAFZ\u2019s strategic projects that have played a role in supporting Dubai\u2019s economic growth and enhancing its GDP. \u200b<\/div>\n<br>\n\n<div>DAFZ\u2019s operational performance supported the increase in global trade through the free zone. DAFZ achieved a growth of 11.2% in the total value of foreign trade to reach AED 120 billion, in addition to an 11.8% growth in re-exports, valued at AED 68 billion and accounted for 21.7% from the total re-exports in the emirate of Dubai. This came as a result of establishing the free zone\u2019s position as a key gateway for global trade, providing a full set of customs and logistic services and facilities, promoting ease of business.<\/div>\n<br>\n<div>DAFZ\u2019s operations during the first nine months of 2019 helped achieve a large trade surplus of AED 16.2 billion. This reflects the efficiency of DAFZ\u2019s administrative, operational and financial approaches, which were placed to ensure DAFZ\u2019s major contribution to the government\u2019s trade plans and economic diversification strategy.<\/div>\n<br>\n<div><b>Major contributor to Dubai\u2019s economy\u200b<\/b>\u200b<\/div>\n<br>\n<div>H.E. Dr. Mohammed Al Zarooni, Director General of DAFZ, said: \u201cToday, DAFZ is a key contributor to Dubai\u2019s economy, attracting foreign direct investments from all over the world. Despite economic conditions and global uncertainties, the results achieved across a range of KPIs reflect the increasing global trade volumes coming through the free zone towards international markets.<\/div>\n<br>\n<div>\u201cDAFZ\u2019s success has continued over two decades since its establishment and we continue to strive to achieve our strategic objectives. The free zone\u2019s strategic location next to Dubai International Airport, represents a vital connection between the East and the West. This location, in addition to our progressive portfolio of services and incentives, have ensured continued progress and we look forward to continue this in the future,\u201d Al Zarooni added.<\/div>\n<br>\n<div>\u201cDAFZ has become a strategic partner to foreign investors who benefit from our world-class services and advantages that facilitate ease of business. These services have enabled DAFZ to become a key destination for foreign direct investments in the region and a strategic entry point towards regional markets. We will continue to focus on providing flexible services to international organizations and SMEs, located in the free zone,\u201d Al Zarooni concluded.<\/div>\n<br>\n<div><b>Trade Partners\u200b<\/b><\/div>\n<br>\n<div>India accounted for the highest percentage of DAFZ&#8217;s trade with 18.7% at AED 22.4 billion, followed by Switzerland with 17% at AED 20.2 billion, then China with 15.5% at AED 18.6 billion. In terms of exports and imports, India ranked first in imports and accounted for 42.5%, valued at AED 22 billion, followed by China with 36% at AED 18.5 billion, while Switzerland topped the list of countries in terms of re-exports from DAFZ with 28%, valued at AED 19 billion.<\/div>\n<br>\n<div><b>Traded Goods\u200b<\/b>\u200b<\/div>\n<br>\n<div>In terms of goods, machinery and electrical equipment ranked first with 57% of the total re-export value of AED 39 billion and 49% of total imports accounted at AED 25.2 billion. Followed by pearls, semi-precious stones and metals with 35% of the total re-export value of AED 24.1 billion and 43% in terms of total imports worth AED 22.5 billion. Both sectors represent 92% of DAFZ\u2019s total trade.<\/div>\n<br>\n<div>The free zone achieved a trade surplus across all sectors in the first nine months of 2019, with the machinery and electrical equipment being the major driver to the imports and exports growth, with 13% at AED 7.4 billion.<\/div>\n<br>\n<div><b>Ongoing efforts to attract global investors<\/b>\u200b\u200b<\/div>\n<br>\n<div>DAFZ will continue to attract investors and companies from all around the world, enabling them to start their operations in Dubai and enter regional markets through a unique investment environment.<\/div>\n<br>\n<div>DAFZ recently received an official delegation from the Bank of China to discuss prospects of future collaboration. The Chinese delegation was briefed on key, DAFZ-led strategic projects and initiatives, and the free zone\u2019s experience over the last two decades in attracting, increasing, and sustaining foreign direct investment. This played a vital role in the economic growth in Dubai, driving business across more than 20 key sectors. The delegation was also briefed about DAFZ\u2019s latest services offered to international companies, particularly Chinese companies based in DAFZ.<\/div>\n<br>\n<div>DAFZ also welcomed a delegation from the Enterprise Europe Network (EEN) as part of the networks\u2019 mission. The delegation comprised of representatives from 32 European companies on a multi-sector mission with a focus on EXPO 2020 Dubai. The delegation was briefed on market information from the UAE and the region, best ways to start a business and the incentives offered by DAFZ in this regard.<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>&#8211; Growth of 11.2% in the total trade &#8211; Trade surplus of AED 16.2 billion &#8211; Re-exports grow by 11.8% \u200bJanuary 9, 2020; Dubai, UAE:\u200b Dubai Airport Freezone Authority (DAFZ) today announced that it contributed 12% of Dubai&#8217;s AED 1.02 trillion foreign trade in the first nine months of 2019. The results highlight the success&#8230;<\/p>\n","protected":false},"author":22,"featured_media":17422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DAFZ\u2019s total trade reaches AED 120 billion in the first nine months of 2019<\/title>\n<meta name=\"description\" content=\"DAFZ announced that it contributed 12% of Dubai\u2019s AED 1.02 trillion foreign trade, the results highlight the success of DAFZ\u2019s strategic projects.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.dafz.ae\/en\/dafzas-total-trade-reaches-aed-120-billion-in-the-first-nine-months-of-2019\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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