The Dubai Integrated Economic Zones Authority (DIEZ) recorded a 42%increase in its operating profit in 2022,\u00a0while total revenue increased by\u00a029%,\u00a0compared to 2021.\u00a0The exceptional performance, which resulted in a 9% increase in rental revenue and a69%increase in revenue from commercial licenses, government services and other services in 2022, signifies the effectiveness of DIEZ\u2019s new integrated model and the Authority’s growing contribution to the economic development of Dubai and the UAE.<\/p>\n
His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Integrated Economic Zones Authority (DIEZ)<\/strong>,<\/strong>\u00a0said: \u201c<\/strong>These exceptional results, which point to a promising future for DIEZ, highlight the success of the Authority\u2019s unique approach to supporting businesses and investors. The results reinforceDIEZ\u2019sstatus 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\u2019s economy and consolidate its position as one of the world\u2019s top three cities over the next decade\u201d<\/p>\n \u201cThe strong performance, which reflects our commitment to delivering an exceptional business model, gives a strong boost to DIEZ\u2019s aspiration to be an even bigger player in enhancing Dubai and the UAE\u2019s competitiveness and economic attractiveness. Over the next phase of growth, we will continue fostering a culture of innovation and excellence and enhancing our globally-benchmarked solutions, facilities, benefits, and services.\u00a0 DIEZ contributed five percent to Dubai’s GDP and 11% to the emirate’s non-oil foreign trade in 2021,\u201d His Highness added.<\/p>\n His Excellency Dr. Mohammed Al Zarooni, Executive Chairman of Dubai Integrated Economic Zones Authority(DIEZ)<\/strong>, said: \u201cOur exceptional results in 2022 were driven by the strategic integration of economic zones focused on enhancing growth and expansion opportunities and providing a supportive environment for the business and investment community. The unwavering support of our leadership has enabled us to realise our goals and transform DIEZ\u2019s business ecosystem through ambitious strategic plans, innovative initiatives and fruitful local, regional, and global partnerships. Today, more than 22,000 companies and over 41,000 employees are based out of DIEZ.\u201d<\/p>\n \u201cThese 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. By keeping pace with innovative trends and providing a flexible and supportive environment, we seek to further nurture the growth of businesses,” he added.<\/p>\n Strategic partnerships<\/strong><\/p>\n Strategic partnerships with several government and private entities in 2022 further contributed to DIEZ\u2019s record results as they increased the flow of investments and the growth of research, development and innovation. This falls in line with the Authority\u2019s vision to help strengthen Dubai and the UAE\u2019s economic base, accelerate the growth of commercial activities and improve the attractiveness of the business environment.<\/p>\n Key agreements signed by DIEZ in 2022 include the one with wasl Asset Management Group to develop the Food Technology Valley project in Dubai, which aims to establish a modern integrated city to enhance food production and consolidate Dubai’s position as a global leader in this field. DIEZ also continues to cooperate with du, a subsidiary of the Emirates Integrated Telecommunications Company, to provide the economic zones supervised by DIEZ with advanced technology and communication capabilities and competitive smart city solutions. The cooperation supports Dubai’s vision to accelerate the adoption of advanced technologies and foster innovation-driven growth.<\/p>\n DIEZ also affirmed its continued support for young Emirati talent and its commitment to developing a new generation of leaders and specialists in the field of logistics through its cooperation with DP World within the framework of the \u2018Tumoohi\u2019 initiative. The initiative offers national talent with professional and practical experience and the opportunity to learn about global best practices and standards.<\/p>\n Earlier this year, DIEZ signed a Memorandum of Understanding with the Dubai Health Authority (DHA) to offer exceptional investment opportunities in the healthcare sector and support the establishment and growth of startups.<\/p>\n Over the coming years, DIEZ will continue to advance its strategy focused on staying ahead of the latest global economic, business and investment developments and trends, implementing innovative international practices and forging productive partnerships with key stakeholders in vital sectors.<\/p>\n","protected":false},"excerpt":{"rendered":" The Dubai Integrated Economic Zones Authority (DIEZ) recorded a 42%increase in its operating profit in 2022,\u00a0while total revenue increased by\u00a029%,\u00a0compared to 2021.\u00a0The exceptional performance, which resulted in a 9% increase in rental revenue and a69%increase in revenue from commercial licenses, government services and other services in 2022, signifies the effectiveness of DIEZ\u2019s new integrated model […]<\/p>\n","protected":false},"author":1,"featured_media":54896,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-54895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/54895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/comments?post=54895"}],"version-history":[{"count":1,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/54895\/revisions"}],"predecessor-version":[{"id":54897,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/54895\/revisions\/54897"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/media\/54896"}],"wp:attachment":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/media?parent=54895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/categories?post=54895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/tags?post=54895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}