‘Dubai Integrated Economic Zones’ reports 5% YoY increase in total revenue in H1-23

‘Dubai Integrated Economic Zones’ reports 5% YoY increase in total revenue in H1-23

DUBAI – The Dubai Integrated Economic Zones Authority (DIEZ) today announced its operational and financial results for the first half of 2023. The results reveal a 5% year-on-year increase in total revenue and an impressive 34% surge in overall EBITDA.

The organisation also achieved a 10% growth in revenue from leasing operations, a 36% growth in revenue from government services and a 39% growth in licensing revenues in the initial half of the year compared to the same period last year.

DIEZ’s three economic zones, the Dubai Airport Free Zone DAFZ, Dubai Silicon Oasis and Dubai CommerCity, achieved a combined 17% year-on-year growth in revenue and 20% growth in EBITDA in H1 2023.

The strong H1 2023 financial results underscore the Authority’s ability to maintain sustainable growth as well as the effectiveness of DIEZ’s new integrated model, which consolidates the products and services of its three free zones. The model aims to enhance the competitiveness of Dubai’s business value proposition, global economic stature and entrepreneurial and investment environment.

These exceptional results are driven by the constant improvements in operational efficiency that DIEZ has pursued since its establishment in 2021 through innovative processes, initiatives, projects and solutions. DIEZ has adopted global best practices and created