Dubai Airport Freezone records 63% rise in sales

17/08/2010 - Dubai Investment News
Dubai Airport Freezone records 63% rise in sales

Posted by Neil King

Dubai Airport Freezone achieved a 63 per cent rise in sales during the first six months of 2010 compared to the same period last year, new data shows.

It was also revealed that the free zone witnessed an 80 per cent increase in the number of companies that doubled their investments during the same period, with a 64 per cent jump in office space leased.

In addition, the free zone's operating profits were 11 per cent "above target", it said.
"The results [are] evidence of the healthy business environment in Dubai in particular and the UAE in general. It also shows the interest of international companies to establish their operations in the country," commented chairman Shaikh Ahmad Bin Saeed Al Maktoum.

He claimed that the recorded 50 per cent rise in the number of American and European companies investing in the free zone in the first six months of the year was proof of "the innovative services and unmatched facilities that Dubai Airport Freezone renders to its clients".

Last week, Emirates, the Dubai-based international airline, announced the launch of second daily flights to Los Angeles and Houston as part of its aim to boost its services to the US.