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FinancialNews
04-03-19
DAFZA's 2019 budget increases to AED1 billion
(MENAFN) The Dubai Airport Freezone Authority, DAFZA, has proclaimed that its 2019 budget has rose meaningfully to AED1 billion.
DAFZA's investment in new expansion ventures is assessed to be around AED780 million representing 78 percent which comes in support to its commitment to upsurge its role to Dubai non-oil trade.
DAFZA's non-oil foreign trade in 2018 grew AED55.8 billion to reach AED146 billion representing an upsurge of 62 percent against 2017, while its involvement to Dubai's non-oil foreign trade in 2018 reached 11 percent versus seven percent in 2017.
DAFZA has shown flexibility and steady development with 2018 results reaching unparalleled performance with five percent growth in net profit, a four percent upsurge in EBID, an eight percent increase in total income, in addition to an increase of three percent in total assets versus 2017.
MENAFN0403201900450000ID1098201972
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