FINANCIAL NEWS

Dubai Airport Freezone firms up 110% in 2011

27 Mar 2012

(MENAFN) Dubai Airport Freezone’s director general, Dr Mohammad Al Zarouni, said that the number of new firms established in the free zone last year soared 110 percent from a year earlier to 202, reported Gulf News.

Al Zarouni added that growth in the general business sector surged 139 percent with 151 new firms, whereas aviation and electronics sectors recorded a growth of 13 percent.

Moreover, growth in the engineering and construction materials sectors exceeded 11 percent; whereas that in the freight industry reached 8 percent, furthermore, the services sector recorded a growth of 45 percent.

He also said that in terms of year-on-year growth, Indian firms establishing offices in the free zone ranked first with a rise of 150 percent.

It is worth noting that in terms of geography, the GCC represented the most active region, with a growth of 27 percent.

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