DIEZ records 42% increase in operating profit in 2022

DIEZ records 42% increase in operating profit in 2022

DUBAI, 9th April, 2023 (WAM) -- The Dubai Integrated Economic Zones Authority (DIEZ) recorded a 42 percent increase in its operating profit in 2022, while total revenue increased by 29 percent, compared to 2021. The exceptional performance, which resulted in a 9 percent increase in rental revenue and a 69 percent increase in revenue from commercial licences, government services and other services in 2022, signifies the effectiveness of DIEZ’s new integrated model and the Authority's growing contribution to the economic development of Dubai and the UAE.

H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DIEZ, said, “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