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FinancialNews


  • 27-03-12

    Dubai Airport Freezone firms up 110% in 2011

    (MENAFN) Dubai Airport Freezone's director general, Dr Mohammad Al Zarouni, said that the number of new firms established in the free zone last year soared 110 percent from a year earlier to 202, reported Gulf News. Al Zarouni added that growth in the general business sector surged 139 percent with 151 new firms, whereas aviation and electronics sectors recorded a growth of 13 percent. Moreover, growth in the engineering and construction materials sectors exceeded 11 percent; whereas that in the freight industry reached 8 percent, furthermore, the services sector recorded a growth of 45 percent. He also said that in terms of year-on-year growth, Indian firms establishing offices in the free zone ranked first with a rise of 150 percent. It is worth noting that in terms of geography, the GCC represented the most active region, with a growth of 27 percent.

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