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Dubai Airport Freezone (commonly abbreviated as DAFZ) is a designated free economic zone in Dubai, United Arab Emirates, providing company formation and business setup services in Dubai. DAFZ is home to more than 2,000 registered businesses from over 20+ sectors and various industries, with 20,000+ professionals.
Others include the Dubai Airport Freezone (DAFZA; the Dubai internet City; and the Dubai Media city. [4] In April 2021 Dubai CommerCity launched, a free zone dedicated to e-Commerce. [5] The International Free Zone Authority (IFZA) is one of the most cost-effective and fastest-growing free trade zone in Dubai.
The airport projects that international passenger and cargo traffic will increase at an average annual growth rate of 7.2% and 6.7%, respectively, and that by 2020 passenger numbers at Dubai International Airport will reach 98.5 million and cargo volumes will top 4.1 million tonnes.
The UAE has a number of free zones across Dubai, [1] Abu Dhabi, Sharjah, Fujairah, Ajman, Ras al-Khaimah and Umm al-Quwain. Free zones may be broadly categorized as seaport free zones, airport free zones, and mainland free zones. Free-trade zone exemptions are: [2] 100% foreign ownership of the enterprise; 100% import and export tax exemptions
Dubai Airports Company was structured in 2008 to take control of Al Maktoum International Airport at Dubai World Central in Jebel Ali, Dubai International Airport, and Dubai Cargo Village. [1] In 2016, Dubai Airports started working on the expansion of the Al Maktoum International Airport, from 66,107 to 145,926 sq metres. [2]
The opening of the Sheikh Rashid terminal at Dubai International Airport in 2000 saw the staff count at the various Dubai Duty Free locations throughout the airport rise to 900, which came with a 5,400 M 2 expansion of floor space. The turnover in 2001 rose to $222 million and in 2003, 20 years after it was established, finished off with a ...
In the same year the company had an annual sales growth of 284.2% and topped the charts of The Sunday Times Virgin Atlantic Fast Track 100. [24] In December 2011 the company was bought by Dnata World Travel which is a subsidiary of the Emirates Group, based in Dubai. [25]
The airport is located 16.5 nautical miles (30.6 km; 19.0 mi) east of Abu Dhabi, and covers an area of 15,000 acres (6,000 ha). [3] The airport is served by 24 airlines which fly to 128 destinations. [4] The airport was renamed to Zayed International Airport on 9 February 2024 after Sheikh Zayed bin Sultan Al Nahyan, the UAE's founder.