The Dubai Integrated Economic Zones Authority (DIEZ) announced record results for 2024, with trade across its three economic zones reaching AED336 billion, a 19% increase compared to 2023. This milestone marked DIEZ’s highest-ever contribution to Dubai’s non-oil trade at 13.7%, sustaining growth for the fourth consecutive year.
Strengthening Dubai’s Trade Ecosystem
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council, praised DIEZ’s role in advancing Dubai’s global position. He said the performance reflects both the city’s economic resilience and its ability to innovate and expand opportunities.
“By generating unique value for investors, businesses and entrepreneurs, Dubai’s free zones have created a sustainable growth model that has redefined competitiveness globally,” Sheikh Hamdan stated. “These results also demonstrate how the Dubai Economic Agenda D33 is accelerating trade expansion and reinforcing the emirate’s place among the world’s leading urban economies.”
Expanding Trade and Partnerships
DIEZ’s results were driven by strong activity in its three zones: Dubai Airport Free Zone, Dubai Silicon Oasis, and Dubai CommerCity. Increased flows of goods, deeper partnerships with global markets, and diversified sector performance underpinned the growth. Trade volume rose 28% to 444,300 tons in 2024, compared to 346,700 tons the previous year.
Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DIEZ, highlighted that four consecutive years of growth solidify Dubai’s position as a global trade hub. “This progress aligns with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum to double Dubai’s economy and establish it among the top three global urban economies by 2033,” he said.
Sectoral Performance and Future Outlook
Dr. Mohammed Al Zarooni, Executive Chairman of DIEZ, said the Authority’s growth serves as strong motivation for further achievements. He reaffirmed DIEZ’s commitment to innovation and integration across its economic zones.
In 2024, trade in machinery, electrical, and electronics accounted for 72% of DIEZ’s total, growing 17%, while precious stones, metals, jewellery, and ornaments surged 33% to represent 22%. Together, these sectors comprised 94% of total trade.
DIEZ’s advanced infrastructure, efficient supply chain solutions, and adaptability to global economic shifts continue to position it as a key driver of Dubai’s non-oil trade and competitiveness on the international stage.
