DAFZA’s total trade reaches AED 120 billion

@DXBMediaOffice/ Twitter

Dubai Airport Freezone Authority (DAFZA) continues to be a major contributor to the emirate’s economy.

It generated around AED 120 billion in foreign trade in the first nine months of 2019.

That’s around 12 per cent of Dubai’s overall foreign trade volume (AED 1.02 trillion) during the same period.

India accounted for the bulk of DAFZA's trade, followed by Switzerland and China.

Machinery, electrical equipment, pearls, semi-precious stones and metals were the top commodities traded.

The free zone said it achieved a trade surplus across all sectors in the first nine months of 2019, with machinery and electrical equipment being the major drivers behind the growth in imports and exports.

More from Business

Latest Local News