A large crowd of employees and their families gathered to celebrate the 14 Anniversary of the Dubai Airport Freezone, where 15 of its outstanding employees, who contributed positively to total growth of the Freezone were honoured.
Dr. Mohammed Al Zarooni, Director General of the Freezone hosted a dinner to celebrate the 14 years of success and to thank them for a job well done.
He said, “First of all, I would like to thank our Chairman, HH Sheikh Ahmed bin Saeed Al Maktoum, for his continuous support, invaluable guidance and inputs over the years, that have helped us reach where we are today.”
“Fourteen years have passed by and it seems like we only started yesterday. The beginning is still fresh in my memory. Today, 1450 companies employing more than 12.000 workers use the Freezone as a base,” said Dr. Zarooni in his speech.
“On this special occasion, I wish to express my sincere congratulations and thanks to my team at Dubai Airport Freezone, some of whom have been with us since the very beginning and others who have joined us later to contribute to the success of this venture.”
He added the Dubai Airport Freezone success story has few parallels, and the excellent results achieved in attracting foreign inward investments could not be understated.
Further, he said that the vibrant activities and operations taking place within the Freezone and their contribution to the national economy were immeasurable and invaluable achievements that deserved to be celebrated.“I think our team deserves full credit for all the good work achieved from our inception to date,” he added.
“The global economic crisis has brought along with it fresh challenges for us to face. We should all redouble our efforts to ensure that we offer the best possible services to our investors. Rather than getting into a price war, we should concentrate on providing a superior quality of services and value to our partners.
“Over the coming year we should aim to further simplify process& procedures and systems in order to provide our investors seamless service of the highest international standards,” Dr. Zarooni said.
He said, “With your support and dedicated output , we shall continue to expand and produce our best to attract more investors to operate in Dubai and in the Freezone in particular.
Dr. Zarooni noted that the Freezone generates 2.2 per cent of the UAE’s GDP. Dubai Airport Freezone has recorded a robust increase of 63 per cent in its sales in the first six months of 2010, compared to the first half of the previous year.
It has also witnessed a remarkable 80 per cent increase in the number of companies who have doubled their investments in the same period, with a 64% jump in office space leased. The operating profits recorded 11 per cent above target.
Dubai Airport Freezone was named the Best Freezone in the Middle East and No. 2 in the world by the Foreign Direct Investment magazine of the Financial Times. The Freezone competed with more than 200 Free Zones around the world