DIEZ operating profit jumps 42% in 2022, revenue rises 29%

DIEZ operating profit jumps 42% in 2022, revenue rises 29%

Dubai: The Dubai Integrated Economic Zones Authority (DIEZ) recorded a 42 per cent increase in its operating profit in 2022, while total revenue increased by 29 per cent, compared to 2021 levels. The performance resulted in a 9 per cent increase in rental revenue and a 69 per cent increase in revenue from commercial licences, government services and other services in 2022. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DIEZ: “These exceptional results, which point to a promising future for DIEZ, highlight the success of the authority’s unique approach to supporting businesses and investors. The results reinforce DIEZ’s status as a platform for attracting foreign direct investment as well as our strategic role in achieving the goals of the Dubai Economic Agenda D33 to double the size of the emirate’s economy and consolidate its position as one of the world’s top three cities over the next decade” “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