Dubai’s strategic vision to establish itself as a global trade hub continues to bear fruit, with the Dubai Integrated Economic Zones Authority (DIEZ) reporting record trade figures for 2024. As the emirate advances its economic diversification goals under the Dubai Economic Agenda D33, DIEZ’s strong performance highlights its growing role in shaping the future of non-oil trade.

The Authority recorded $91 billion in total trade across its three key zones — Dubai Airport Free Zone, Dubai Silicon Oasis, and Dubai CommerCity — representing a 19% increase over 2023. DIEZ also achieved its highest-ever share of Dubai’s non-oil trade at 13.7%, marking four consecutive years of growth.

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum remarked, “Dubai continues to consolidate its role as a major trading centre. DIEZ’s 2024 performance is not only a testament to our city’s robust economic fundamentals but also to its ability to constantly innovate. Dubai’s free zones have created a unique model of sustainable growth, reinforcing Dubai’s place among the world’s foremost urban economies.”

Trade volume also surged by 28%, reaching 444,300 tons. Key sectors drove this growth, with machinery, electronics, and electricals accounting for 72% of trade, while the precious metals and jewellery sector grew by 33%.

H.H. Sheikh Ahmed bin Saeed Al Maktoum said, “DIEZ’s remarkable performance in 2024 reflects Dubai’s rising stature as a global economic and trade hub. We are confident that DIEZ will continue to make steady strategic progress.”

Dr. Mohammed Al Zarooni added, “The exceptional results serve as a strong motivation to pursue even greater accomplishments year after year.”

DIEZ’s integrated infrastructure and global partnerships continue to strengthen Dubai’s competitiveness in international trade.