Dubai’s DIEZ Hits Record AED336bn Trade in 2024

Dubai: The Dubai Integrated Economic Zones Authority (DIEZ) has recorded its strongest performance to date, achieving AED336 billion in total trade across its three economic zones in 2024 — a 19% rise compared to 2023. This marks DIEZ’s fourth consecutive year of growth and its highest-ever contribution of 13.7% to Dubai’s non-oil trade.

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, praised the results, stating that Dubai continues to strengthen its position as a major global trading hub. He emphasized that DIEZ’s achievements reflect the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, who has consistently pushed for innovation, sustainable growth, and expansion of Dubai’s economic ecosystem under the Dubai Economic Agenda D33.

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Trade volumes surged by over 28% last year, reaching 444,300 tons compared to 346,700 tons in 2023. Key drivers of this growth were the machinery, electrical, and electronics sectors, which accounted for 72% of total trade and posted 17% growth. Meanwhile, trade in precious stones, metals, and jewelry climbed 33%, contributing 22% of the total. Together, these two sectors made up an impressive 94% of DIEZ’s overall trade activity.

Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DIEZ, noted that the Authority’s robust results reflect Dubai’s rising global stature and its attractiveness to international companies and investors. He reiterated that DIEZ’s progress supports the D33 agenda to double Dubai’s economy and place it among the world’s top three urban economies by 2033.

Dr. Mohammed Al Zarooni, Executive Chairman of DIEZ, added that the Authority remains committed to advancing innovation and expanding its strategic role across all three zones — Dubai Airport Free Zone, Dubai Silicon Oasis, and Dubai CommerCity. He highlighted that the strong 2024 performance underscores DIEZ’s resilience, agility, and contribution to reinforcing Dubai’s reputation as a world-leading trade and investment hub.