Dubai, UAE – The Dubai Integrated Economic Zones Authority (DIEZ) recorded a 42 percent increase in its operating profit in 2022, while total revenue increased by 29 percent, compared to 2021.
The company reported a 9 percent rise in rental revenue and a 69 percent increase in revenue from commercial licences.
“These exceptional results, which point to a promising future for DIEZ, highlight the success of the Authority’s unique approach to supporting businesses and investors,” Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DIEZ, said. “The results reinforce DIEZ’s status as a platform for attracting foreign direct investment as well as our strategic role in achieving the goals of the Dubai Economic Agenda D33 to double the size of the emirate’s economy and consolidate its position as one of the world’s top three cities over the next decade.”
Dr. Mohammed Al Zarooni, Executive Chairman of Dubai Integrated Economic Zones Authority (DIEZ), said that more than 22,000 companies and over 41,000 employees are based out of DIEZ.
“These indicators encourage us to continue making major contributions to the expansion of trade and efforts to drive economic growth and diversification in Dubai and the UAE,” Al Zarooni said referring to the results.