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DIEZ Trade Rises 19%, Reaches AED336 Billion in 2024
The Dubai Integrated Economic Zones Authority (DIEZ) recorded AED336 billion in trade during 2024, a 19 percent increase compared to the previous year, marking its highest-ever contribution to Dubai’s non-oil trade at 13.7 percent.
This marks the fourth consecutive year of growth for DIEZ, which oversees the Dubai Airport Free Zone, Dubai Silicon Oasis, and Dubai CommerCity. The total trade volume handled by the authority reached 444,300 tons in 2024, a 28 percent year-on-year increase.
According to DIEZ, machinery, electrical, and electronics accounted for 72 percent of the authority’s total trade, with a 17 percent increase in value. Trade in precious stones, metals, and jewelry grew by 33 percent, making up roughly 22 percent of total trade.
Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said the results align with Dubai’s strategic plan to expand its trade ecosystem and strengthen the emirate’s role as a global commercial hub. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DIEZ, described the performance as consistent with the goals of the Dubai Economic Agenda D33, which aims to double the size of the economy by 2033.
DIEZ officials credited the results to expanded global partnerships, increased goods movement, and continued investment in infrastructure and services across its economic zones.
Photo credits: Government of Dubai Media Office
Oksana Bozhko is a Contributor to Dubai Voice.
Oksana Bozhko
