Exceptional performance reflects Dubai's strategic position as a global investment hub

Dubai Integrated Economic Zones records a 42% jump in its 2022 operating profit results

Dubai Integrated Economic Zones Authority (DAISE) recorded a quantum leap in its operating profit results for 2022, which amounted to 42%, while total revenues increased by 29% compared to 2021. The exceptional performance of the Authority in 2022 resulted in an increase in rental space revenues by 9% and a significant increase in revenues from commercial licenses, government services and others by 69%, which reflects the effectiveness of its new integration model in strengthening its position as a leading system that reflects Dubai's strategic position as a global investment hub, and supports and contributes to the economic development process in Dubai and the UAE.

His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Integrated Economic Zones Authority (DAIEZ), said: "These record results, which foresee a promising future, provide a unique global approach in supporting businesses, companies, investors and customers from around the world, reinforcing its leading position as an ideal station to attract and sustain foreign direct investment and its strategic role in supporting the vision of the Dubai Economic Agenda D33 with the aim of doubling the size of Dubai's economy over the next decade until 2033, and consolidating the emirate's position within the Top 3 economic cities around the world."

His Highness added: "Diez's strong performance reflects our keenness to deliver an exceptional business model, and reflects our future aspirations to enhance the competitiveness and economic attractiveness of Dubai and the UAE by continuing to support the culture of innovation and creative talent, signing agreements and partnerships, as well as providing solutions, facilities, benefits and services that elevate the business system to the best international levels. According to last year's statistics, Diez contributed 5% to Dubai's GDP and 11% of the emirate's non-oil foreign trade in 2021."

H.E. Dr. Mohammed Al Zarooni, CEO of Dubai Integrated Economic Zones Authority (DAISY), said: "The focus of the strategic integration approach for economic zones under one umbrella, which focused on enhancing growth and expansion opportunities, and providing an integrated and ideal environment for the business and investment community, resulted in these exceptional results achieved by Diez during 2022 in light of the unlimited support of the wise leadership. And its promising projects and initiatives and fruitful partnerships at the local, regional and global levels. Today, Diez has more than 22,41 companies and more than <>,<> employees.

"We see in these indicators a strong motivation that encourages us this year to continue to play an active role in contributing to the total volume of trade in the Emirate of Dubai and the country's efforts to drive economic growth and diversification by keeping pace with the latest innovative trends and providing a flexible economic environment that will nurture and develop businesses," added Al Tayer.

Strategic Partnerships

The strategic partnerships signed by Dubai Integrated Economic Zones Authority (DAIEZ) with several government and private entities in various sectors in 2022 have contributed to this record success by increasing the flow of investments and providing supportive environments for research, development and innovation, in line with its aspirations to lay a solid foundation for the economy of the emirate and the country, enhance the momentum of commercial activities, enhance the attractiveness of the business environment and support the national economy system.

Among the most prominent agreements signed by the Authority in 2022 is the memorandum of cooperation with wasl Asset Management Group to develop the "Food Technology Valley in Dubai" project, which aims to establish a modern integrated city to enhance food production and consolidate Dubai's position as a global leader in this field, as well as continuing its cooperation with du, a subsidiary of Emirates Integrated Telecommunications Company, to provide the economic zones supervised by the Dubai Integrated Economic Zones Authority with a set of advanced capabilities and competitive solutions in the field of smart cities. In line with Dubai's efforts and vision to accelerate the adoption of advanced technologies, and to ensure the promotion of the innovation agenda and achieve greater prosperity.

The Authority affirmed its continuous support for empowering young Emirati competencies and preparing a generation of leaders and specialists in the field of logistics through its cooperation with DP World in support of the Tomouhi initiative, which gives national talent professional and practical experience, and provides them with the opportunity to learn about best practices and international standards.

A forward-looking vision

Dubai Integrated Economic Zones Authority adopts a strategic approach based on keeping pace with the transformations taking place in the global economy, the most prominent changes and the latest developments in the business sector and investors, following the best innovative international practices, and cooperating with various entities and partners in all sectors, in order to support its forward-looking vision and future goals aimed at achieving further growth and enhancing investments in all sectors according to future needs and available capabilities.

At the beginning of this year, the Authority signed a Memorandum of Understanding (MoU) with the Dubai Health Authority (DHA) to enhance investment opportunities in the healthcare sector in Dubai, support the establishment of startups specialized in the sector and develop innovative technical solutions, in order to enhance investment opportunities packages and support the ongoing economic development in Dubai and the UAE.