DIEZ registers 18% net profit growth in H1 2024

The operational and financial results of Dubai Integrated Economic Zones Authority (DIEZ) have been announced by His Royal Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman, DIEZ. The firm achieved a growth of 18 per cent in net profit, 12 per cent in total revenue, and 7 per cent in operating profit in H1 2024. “This aligns with Dubai’s efforts to be a trendsetter in various sectors, including the free economic zones sector, as per the vision of His Royal Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and the directives of His Royal Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai”, His Highness Sheikh Ahmed bin Saeed Al Maktoum said. Driven by high occupancy rates in first half of 2024, the results reflect significant growth in key strategic indicators, strengthening the position of the Authority and its economic zones – the Dubai Airport Freezone, Dubai Silicon Oasis, and Dubai CommerCity, he added