The foreign trade of the Dubai Airport Freezone Authority recorded a strong jump last year, achieving a growth of 62%, representing an increase of 55.8 billion dirhams, reaching a value of 146 billion dirhams. p>
Dafza said in a statement yesterday, Sunday, that this growth was reflected in a noticeable increase in its contribution to the foreign trade of Dubai by more than 11% during 2018 compared to 7% in 2017. < / p>
DAFZA's financial results for the past year showed a growth of 5% in net profit, 4% in operating profit, and 8% in total revenue compared to 2017, along with the stimulus decisions that it adopted The free zone in the middle of 2018, with a 65% reduction in business start-up fees, as registered companies increased by 22.2% compared to 2017, in addition to achieving a 3% increase in total assets, compared to 2017 results.
In addition, DAFZA revealed its budget for the fiscal year 2019 with a total expenditure of one billion dirhams, indicating that it has allocated 78% of it to fund new vital projects.
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