- Hamdan bin Mohammed: Dubai continues to consolidate its role as a major trading centre at the heart of global commerce, in line with Mohammed bin Rashid’s strategic vision.
- Marking four consecutive years of growth, 2024 results represent DIEZ’s highest contribution to Dubai’s non-oil trade at 13.7%.
- Ahmed bin Saeed: DIEZ’s remarkable performance reflects Dubai’s growing stature as a global economic and trade hub and a destination of choice for international companies and investors.
- DIEZ’s trade volume rises to 444,300 tons in 2024, a 28% increase from the previous year.
- Machinery, electrical, and electronics sector account for 72% of DIEZ’s total trade in 2024, registering 17% growth.
- Mohammed Al Zarooni: We remain committed achieving greater accomplishments while advancing out journey of progress and innovation.
The Dubai Integrated Economic Zones Authority (DIEZ) achieved record growth in its total trade across the three economic zones in 2024, reaching a value of AED336 billion, a 19% increase compared to 2023. DIEZ also achieved a 13.7% share of Dubai’s non-oil trade, its highest-ever contribution to date, sustaining growth for the fourth straight year.
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, UAE Deputy Prime Minister and Defence Minister of the UAE, and Chairman of The Executive Council of Dubai, welcomed DIEZ’s 2024 figures commenting: “Dubai continues to solidify its position as a significant trading hub in the heart of world commerce, in accordance with the strategic vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.”.
The performance of DIEZ in 2024 is not just a reflection of our city’s strong economic fundamentals but also its capacity to innovate continually, open up new channels for growth and turn challenges into opportunities.
Through the creation of exclusive value to investors, companies and entrepreneurs across all industries, Dubai free zones have established an exceptional model of sustainable growth that has redefined economic and trading competitiveness both regionally and globally. Furthermore, DIEZ’s latest results show that the Dubai Economic Agenda D33 is accelerating the expansion of our trade ecosystem, reinforcing Dubai’s place among the world’s foremost urban economies.”
DIEZ’s growth was driven by a significant expansion in trade across the economic zones under its umbrella, which include the Dubai Airport Free Zone, Dubai Silicon Oasis, and Dubai CommerCity. The results were supported by increased flows of goods and services, coupled with strengthened partnerships with key global markets, reinforcing DIEZ’s role as a central driver of Dubai’s non-oil trade growth.
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These findings reaffirm the Authority’s sustained strategic position in facilitating the emirate’s standing as a global trade and logistics hub. DIEZ performance also synchronized with Dubai recording a record high in foreign trade non-oil last year.
On a volume basis, DIEZ trade increased by more than 28% during 2024 to 444,300 tons, from the previous year’s 346,700 tons. This growth marks genuine expansion in goods movement as well as greater trade values.
Sustained Momentum
His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DIEZ, said: “DIEZ’s remarkable performance in 2024, which marks a fourth consecutive year of growth, reflects Dubai’s rising stature as a global economic and trade hub and a preferred choice for international companies and investors.
This development also underscores its critical contribution towards achieving the goals of the Dubai Economic Agenda D33 as outlined by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to grow Dubai’s economy twice the size and position it among the world’s top three urban economies by 2033.
In the years to come, we believe that DIEZ will continue to make continuous strategic strides, amplifying its role towards Dubai’s trade and realizing new heights of leadership in sectors.
Comprehensive Growth
His Excellency Dr. Mohammed Al Zarooni, Executive Chairman of DIEZ, stated: “The outstanding performance attained by DIEZ in 2024, in addition to its all-encompassing expansion and sustained growth across its three economic zones, are a strong incentive to achieve even better achievements year-on-year.
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We continue to stay focused on continuing our path of development and innovation in all economic zones under the Authority’s umbrella, enhancing Dubai’s competitiveness on the global trade map even further.”
Main Sectors
Trade in major sectors was at its peak levels in 2024 with the machinery, electrical and electronics sectors contributing around 72% of DIEZ’s overall trade, with a growth rate of 17%. Precious stones, precious metals, jewelry and ornaments had a good growth of 33%, with it contributing around 22% to the total. Both these sectors together covered around 94% of DIEZ’s overall trade.
DIEZ’s strong performance in 2024 demonstrates its resilience in the face of global challenges and its agility in adapting to ongoing economic and commercial shifts. This success is driven by advanced infrastructure, seamless integration across its economic zones, and innovative solutions and services that enhance supply chain efficiency — all of which reinforce its role as a vital contributor to the national economy and a key driver of Dubai’s competitiveness at regional and international levels.
