HH Sheikh Ahmed: Dubai Airport Free Zone records 84% increase in net profit
HH Sheikh Ahmed Bin Saeed Al Maktoum, Chairman, Dubai Airport Free Zone said that Dubai has become more attractive to international investments during the global financial crisis. He added that free zones in the country, Dubai Airport Free Zone in particular, now serves as key attraction with the increasing number of companies seeking to launch their operations in Dubai Airport Free Zone to extend their business and activities across the region.
HH Sheikh Ahmed added that Dubai Airport Free Zone has achieved high growth rates in 2008 as occupancy for international companies increased by 58% leading to 84% increase in net profits and 59% in revenues compared to 2007. He noted that these growth rates will continue given the current expansion plans that have allocated Dh2 billion for investment in new facilities to be ready for more foreign investment flow in the near future.
The current global financial crisis has resulted in a slowdown in economic growth in several countries. The UAE offers a strong and stable economic environment and the possibility of stable growth, especially across free zones that aim to attract international inward investment.
