The operating earnings of the Dubai Integrated Economic Zones Authority (DIEZ) increased by 42% in 2022. In comparison to 2021, its overall sales increased by 29% last year. By providing a cutting-edge multimedia ecology, a global network, and comprehensive solutions, the DIEZ seeks to reinforce Dubai’s status as a top global hub.
The increased financial performance of DIEZ in 2022 was attributed to a 9% increase in rental revenue and a 69% increase in revenue from commercial licenses, government services, and other services. In 2021, DIEZ made up 5% of Dubai’s GDP and 11% of its non-oil foreign trade, according to Sheikh Ahmed.
The extraordinary outcomes, according to Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DIEZ, demonstrate the success of the authority’s distinct strategy for assisting companies and investors. “The strong performance, which reflects our commitment to delivering an exceptional business model, gives a strong boost to DIEZ’s aspiration to be an even bigger player in enhancing Dubai and the UAE’s competitiveness and economic attractiveness. Over the next phase of growth, we will continue fostering a culture of innovation and excellence and enhancing our globally-benchmarked solutions, facilities, benefits, and services,” he said.
The outstanding outcomes in 2022, according to Dr Mohammed Al Zarooni, Executive Chairman of DIEZ, were a result of the economic zones’ strategic integration with a goal of improving growth and expansion potential. “Today, more than 22,000 companies and over 41,000 employees are based out of DIEZ. These numbers encourage us to continue making major contributions to the expansion of trade and efforts to drive economic growth and diversification in Dubai and the UAE,” he said.
