UAE: Dubai Integrated Economic Zones Authority records exceptional 42% increase in profits in 2022

UAE: Dubai Integrated Economic Zones Authority records exceptional 42% increase in profits in 2022

This resulted in a 9% increase in rental revenue and a 69% increase in revenue from commercial licenses, government services and other services last year

By Web Desk Published: Sun 9 Apr 2023, 8:43 PM

The Dubai Integrated Economic Zones Authority (DIEZ) recorded a 42% increase in its operating profit in 2022, while total revenue increased by 29%, compared to 2021.

The exceptional performance, which resulted in a 9% increase in rental revenue and a 69% increase in revenue from commercial licenses, 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.

Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Integrated Economic Zones Authority (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