Dubai Integrated Economic Zones Authority trade up 19% at Dhs336b

The Dubai Integrated Economic Zones Authority (DIEZ) achieved record growth in its total trade across the three economic zones in 2024, reaching a value of Dhs336 billion, a 19% increase compared to 2023. DIEZ also achieved a 13.7% share of Dubai's non-oil trade, its highest-ever contribution to date, sustaining growth for the fourth straight year.

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Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, hailed DIEZ's 2024 results saying, “Dubai continues to consolidate its role as a major trading centre at the heart of global commerce, in line with the strategic vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. DIEZ’s 2024 performance is not only a testament to our city’s robust economic fundamentals but also to its ability to constantly innovate, unlock new avenues for growth and transform challenges into opportunities.

By generating unique value for investors, businesses and entrepreneurs across sectors, Dubai's free zones have created a unique model of sustainable growth that has redefined economic and trading competitiveness both regionally and globally. Furthermore, DIEZ’s latest results show that the Dubai Economic Agenda D33 is accelerating the expansion of our trade ecosystem, reinforcing Dubai's place among the world’s foremost urban economies.” DIEZ’s growth was driven by a significant expansion in trade across the economic zones under its umbrella, which include the Dubai Airport Free Zone, Dubai silicon Oasis, and Dubai CommerCity. The results were supported by increased flows of goods and services, coupled with strengthened partnerships with key global markets, reinforcing DIEZ's role as a central driver of Dubai's non-oil trade growth.