DAFZA contribution to Dubai’s foreign trade jumps to AED 164 billion

DAFZA contribution to Dubai’s foreign trade jumps to AED 164 billion

Dubai Airport Freezone Authority (DAFZA) played a key role in boosting Dubai's economic growth, with a 12% contribution to the emirate's foreign trade in 2019, compared to 11.2% in 2018, out of a total trade value of AED 1.37 trillion recorded last year.. The results show its vital role in accelerating access to global and regional markets, including Dubai's market.. We utilize our national competencies to ensure DAFZA's role in supporting Dubai's economy through attracting foreign direct investments," he added.. In 2019, a number of international companies opened their regional headquarters in DAFZA or expanded their facilities to serve customers across the region.. Michelin, the world leader in tyre design, manufacturing and distribution, has also opened its regional headquarters in the free zone to manage its operations in Africa, India and the Middle East.. The opening was a result of the confidence of one of the largest international companies in the services provided by the free zone that best fit its business model.. The delegation was also briefed about DAFZA's latest services offered to international companies, particularly Chinese companies based in DAFZA.. DAFZA organized a series of promotional and marketing campaigns in many countries and global markets to promote its