The Dubai Integrated Economic Zones Authority (DIEZ) recorded a 42 percent increase in its operating profit in 2022.
Its total revenue also posted an increase of 29 percent last year, compared to 2021.
A 9 percent increase in rental revenue and a 69 percent increase in revenue from commercial licences, government services and other services contributed to the improved financial performance of DIEZ in 2022.
Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DIEZ, said the exceptional results highlight the success of the authority’s unique approach to supporting businesses 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.
DIEZ contributed 5 percent to Dubai’s GDP and 11 percent to the emirate’s non-oil foreign trade in 2021, Sheikh Ahmed added.
Dr. Mohammed Al Zarooni, Executive Chairman of DIEZ, said the exceptional results in 2022 were driven by the strategic integration of economic zones focused on enhancing growth and expansion opportunities.
“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.
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