Dubai, UAE – The Dubai Integrated Economic Zones Authority (DIEZ) recorded its highest-ever trade performance in 2024, with total trade across its three economic zones reaching AED 336 billion ($91 billion).
The figure represents a 19 percent increase compared to 2023 and accounts for 13.7 percent of Dubai’s total non-oil trade, sustaining growth for the fourth consecutive year.
The Authority’s economic zones include the Dubai Airport Free Zone, Dubai Silicon Oasis, and Dubai CommerCity. Collectively, they handled 444,300 tons of trade volume in 2024, up 28 percent from 346,700 tons in 2023.
The growth was largely driven by surging trade in machinery, electrical and electronics, which accounted for 72 percent of DIEZ’s total trade, and precious stones, metals, and jewelry, which grew 33 percent to contribute 22 percent of the total. Together, these two sectors represented 94 percent of all trade activity.
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, said the results highlight Dubai’s role as a global trading hub. “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,” he said.
He added that the results reinforce the progress of the Dubai Economic Agenda D33, which aims to double the size of Dubai’s economy and position it among the world’s top three urban economies by 2033.
The Authority credited its strong performance to enhanced trade flows, deepened ties with global markets, advanced infrastructure, and integrated services across its economic zones. Officials said the results reaffirm DIEZ’s role as a key driver of Dubai’s non-oil economy, supporting the emirate’s wider diversification strategy and global competitiveness.
Dubai’s overall non-oil trade also reached record levels in 2024, with DIEZ contributing its largest-ever share.
