Dubai Airport Freezone enjoyed a 23 per cent year-on-year increase in sales during 2010, it has been revealed.
HH Sheikh Ahmed bin Saeed Al Maktoum, chairman of Dubai Airport Freezone, has announced the impressive sales figures, which come despite the tough economic conditions experienced on a global scale.
He placed much of the success on the expansion of the Freezone, which has seen 102 new companies registered over the past year.
Out of the new companies registered in 2010, 28 per cent are from Europe, 27 per cent from the Middle East and Gulf region, 21 per cent from Asia and the rest from the US, Japan and other nations.
"Registering 102 new companies last year was excellent, given the current global economic conditions," HH Sheikh Ahmed.
"We will redouble our efforts to increase the number of investors through promotional programs that suit the needs of the targeted markets, meet customer requirements and exceed their expectations in terms of service delivery and streamlined procedures."
Indeed, the Sheikh noted that they hope to achieve a further 20 per cent growth in sales in the Freezone by the end of this year compared to the latest figures.