|
AVIATION NEWS Back
To Index
Page Dubai Airport Free Zone records
rise in profit despite crisis Nicosia:
Despite the global financial crisis and the recession recorded in the last
months of 2008, Dubai Airport Free Zone has shown a remarkable increase of occupancy
by 58 per cent in 2008 compared with the previous year. The Zone also recorded
84 per cent increase of net profit and 59 per cent of revenues, the Chairman of
the Zone Sheikh Ahmed said. Sheikh Ahmed said he was confident that those growth
rates would continue given the current expansion plans, which have allocated AED,
two billion for investment in new facilities to be ready for more foreign investment
flow in the near future. He stressed that the Dubai Airport Free Zone plays a
vital role in the economy of the country. According to figures released by the
country's statistics department, Dubai 's non-oil trade grew 38 per cent in 2008,
totaling AED 934.7 billion as compared to AED 678.5 billion in 2007. This positive
development augurs well for the materials handling and logistics sector which
is set to gather in the emirate from May 31 to June 2, 2009, at the "Materials
Handling Middle East Exhibition" to be held at the Dubai International Convention
and Exhibition center. The Materials Handling Middle East Exhibition is described
as the ultimate International Exhibition for Logistics, Supply Chain, Freight
and Cargo Industries, which will help exhibitors increase their market share in
the Gulf, the Middle East , the Indian subcontinent and the CIS. -May
5, 2009
| | |
Travel
Sites Visit
Goa, Karnataka,
Kerala, Tamil
Nadu, Andhra Pradesh in
South India, Delhi, Rajasthan,
Uttar Pradesh, Himachal
Pradesh in North India, Assam, Bengal,
Sikkim in East India |
| |