DIEZ Reports Strong Financial Growth in First Half of 2024

UAE, 11 September, 2024 : H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Integrated Economic Zones Authority (DIEZ), announced robust financial and operational results for the first half of 2024, driven by high occupancy rates and strong performance across all sectors.

DIEZ recorded an 18% growth in net profit, 12% increase in total revenue, and 7% rise in operating profit compared to the end of 2023. The number of registered companies in its economic zones — Dubai Airport Freezone, Dubai Silicon Oasis, and Dubai CommerCity — grew by 4%, with over 78,000 employees, reflecting a 12% rise from the previous year.

Sheikh Ahmed attributed the positive performance to Dubai's strategic vision, emphasizing DIEZ’s role in enhancing the city's status as a global trade hub. Dr. Mohammed Al Zarooni, Executive Chairman of DIEZ, highlighted the Authority’s focus on future foresight and continuous growth in non-oil foreign trade, aligned with Dubai's Economic Agenda D33.

The first half also saw the completion of the fourth cohort of SANDBOX, a tech startup accelerator under Oraseya Capital, with seven startups receiving AED 570,000 each. Additionally, DIEZ, in partnership with Aramex, piloted autonomous delivery robots in Dubai Silicon Oasis, marking a step towards sustainable urban delivery solutions.

Source : www.zawya.com