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FinancialNews
10-10-22
UAE: Dafz non-oil exchange registers surge of 36 percent in 2021
(MENAFN) Dubai Airport Free Zone (Dafz) registered at least 36 percent expansion in non-oil exchange as of last year as shipments in and out of the country surged due to the emirate’s financial regain from the COVID-19 epidemic.
The free zone’s overall non-oil exchange in 2021 amounted to Dh162 billion (nearly USD44.11 billion) in comparison with Dh119 billion (nearly USD32.3 billion) in the year before (2020), Dubai Media Office stated on Sunday.
“The free zone has fully recovered from the consequences of the Covid-19 pandemic, with trade returning to pre-2020 levels,” according to Sheikh Ahmed bin Saeed, chairman of Dubai Integrated Economic Zones Authority (Diez).
He went further on that “This has reinforced its mission to enhance its strategic goals and contribute to strengthening Dubai’s position as a global trade hub.”
The most recent figures come as Dubai and the UAE carry on the regain financially from the epidemic-induced stoppage on the back of administration enterprises as well as rising oil costs.
MENAFN10102022000045014228ID1104993389
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