The Dubai Integrated Economic Zones Authority (DIEZ) reported a 35.5 per cent increase in its net profit in 2024, compared to the previous year.
DIEZ also reported an 18.4 per cent rise in revenue and a 7.8 per cent jump in earnings before interest, taxes, depreciation, and amortisation (EBITDA) in 2024, compared to the previous year.
Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DIEZ, said the significant financial and operational growth in 2024 will further strengthen the Authority’s role in Dubai’s economy and align with the goals of the Dubai Economic Agenda D33.
These results underscore the growing impact of DIEZ and its affiliated economic zones, including Dubai Airport Freezone, Dubai Silicon Oasis, and Dubai CommerCity, in driving the non-oil economy and strengthening Dubai’s commercial ecosystem, he said.
The Authority also announced a 9 per cent growth in the number of registered companies operating within its economic zones.
The number of employees in companies registered within DIEZ also grew by 21 per cent in 2024 compared to 2023, bringing the total workforce to over 84,000 employees, it said.
Dr. Mohammed Al Zarooni, Executive Chairman of DIEZ, said the authority’s growth and achievements across diverse sectors highlight its strength and the successful implementation of its strategy, which is built on sustainability, innovation, and knowledge.
“These results are not only a product of our continuous efforts, but also a testament to the thriving economic environment in Dubai, which has enabled DIEZ to continue expanding its contributions to the city’s economic prosperity in line with the vision of our leadership,” he said.
Al Zarooni said the Authority is proud to celebrate the remarkable achievements of its companies, such as Tradeling Holding, which has quadrupled its order volume since 2023, and Oraseya Capital, which was named the most active investor in the UAE for 2024.
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