Dafza records 48% revenue growth in H1
 Dubai Airport Free Zone, or Dafza, said it has posted a 48 per cent growth in its revenues in the first half of 2009 compared to the same period a year earlier. "The achievement is a direct result of Dubai Government's balanced policies toward foreign investments," Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Airport Free Zone, said in a statement.
He added that the role of the free zone has exceeded the financial success to play a strategic part in boosting the national economy through its added value with international companies working within the Dubai Airport Free Zone.
While European companies accounted for more than 45 per cent of the total companies that opened their offices at Dafza in the first half of the year, American companies represented nearly 11 per cent in the various sectors, including aviation, pharmaceutical, electronics and other sectors, said Dafza in a statement.
It added that some of the companies that were granted licenses during the first half of the year, including French companies such as SAGM, Sokomek, Air Cost Control Middle East, and Air Logistics; Japanese companies such as Edimesto Middle East; besides companies from Korea and from Scandinavian countries, such as Denmark. Dr Mohammed Al Zarouni, Director-General, Dubai Airport Free Zone, said more than a dozen major companies operating in the free zone have expanded their office space and are working to support their goals.
He said: "Indications confirm that companies are seeking new markets for their products in the region, and this creates new opportunities." – Emirates Business 24|7
|
