The Dubai Integrated Economic Zones Authority (DIEZ) recorded its strongest performance to date in 2024, with total trade across its three economic zones reaching AED336 billion, a 19% increase over 2023.
DIEZ also captured a record 13.7% share of Dubai’s non-oil trade, sustaining growth for the fourth consecutive year.
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, praised the results, saying they reflect Dubai’s role as a global trading hub and its ability to innovate and unlock new growth avenues.
The growth was driven by the Dubai Airport Free Zone, Dubai Silicon Oasis, and Dubai CommerCity, supported by increased goods and services flows and strengthened international partnerships. Trade volume also surged, rising 28% to 444,300 tons from 346,700 tons in 2023, reflecting higher movement alongside increased trade values.
Key sectors led the expansion, with machinery, electrical, and electronics contributing 72% of total trade and growing 17%, while precious stones, metals, jewelry, and ornaments rose 33%, accounting for 22% of overall trade. Together, these sectors represented 94% of DIEZ’s trade activity.
H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DIEZ, highlighted the Authority’s role in supporting the Dubai Economic Agenda D33 and advancing the emirate toward its goal of becoming one of the world’s top three urban economies by 2033.
Dr. Mohammed Al Zarooni, Executive Chairman, emphasized that the 2024 results reinforce DIEZ’s commitment to innovation, competitiveness, and sustainable growth.
DIEZ’s record performance underscores Dubai’s resilience amid global economic shifts, with advanced infrastructure, seamless integration across zones, and innovative solutions cementing the city’s position as a leading international trade and logistics hub.
News Source: Emirates News Agency
