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DAFZA's profits grow by a third

Figures show 31 percent net profit growth and 30 percent sales boost.
Free Zone, NEWS, Ports & Free Zones, Aviation

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Dubai Airport Freezone Authority (DAFZA) has announced a 31 percent year on year increase in net profit and a 30 percent increase in sales revenues for the first half of 2014.

It has also reported a significant rise in office sales, with a 67 percent increase in new customers and 17 percent growth among existing customers for the same period.

The overall occupancy rate of offices at DAFZA has increased as well by 23 percent. In addition, the number of new company registrations rose by 14 percent, with multinational companies accounting for 27 percent and also occupying 15 percent of the total new leased office spaces.

HH Sheikh Ahmed Bin Saeed Al Maktoum, chairman, DAFZA, said: “We are very proud of the extraordinary results that we achieve at DAFZA. Our accomplishments embody the ambitions and values that we stand for.

"Year after year we grow strong and stand by our commitment to offering the best services a free zone can deliver. Our focus on unparalleled service will enable us to achieve our strategic objectives in the coming years.

"We shall continue to provide integrated solutions to attract regional and international investors and consequently contribute to a stronger national economy."

Dr. Mohammed Al Zarooni, director general, DAFZA, said: “The huge progress made by DAFZA in launching several key projects and initiatives has significantly added to our capabilities and the overall benefits of our strategic partners and resident companies.

"The positive results we have achieved in terms of sales revenues, new office leases, expansions to existing corporate space and additional multinational companies are the result of our ability to attain high levels of customer satisfaction.

"The successful experiences of our clients, in turn, are helping attract more new tenants eager to take advantage of the exceptional facilities and benefits available at the free zone. This is clearly reflected in the recommendations and referrals of these companies which accounted for 13 percent of total sales revenues during the first half of this year.”

This continuing evolution has contributed to the provision of enhanced services, facilities and amenities, and business-friendly regulations; all of which boost investment opportunities in terms of both maintaining existing businesses and attracting new ones.

DAFZA is targeting Europe, America, Japan, Korea and Australia, emphasising direct contact with decision makers through seminars, workshops, meetings, and participation in leading regional and international exhibitions.

Dr. Al Zarooni commented: “We pay special attention to the quality of the new companies that join us. We always welcome the international and multi-national companies that are seeking to gain a foothold in the Middle East through establishing a branch office or subsidiary in Dubai.

"DAFZA has succeeded in establishing itself as the first choice for those companies, due to its excellence in offering world-class services and outstanding solutions.”

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