In the first half of this year, companies within the Dubai World Trade Centre Authority (DWTCA) Free Zone generated 386 new employment opportunities, elevating the total job count to 8,223, marking a 5 percent rise. The free zone witnessed a substantial 21 percent increase in tenant numbers, reaching 2,735 by the end of the first half of 2024, up from 2,259 in the same period in 2023. The number of registered companies under DWTCA also surged by 19 percent compared to the previous year, totaling 2,818 by mid-2024, up from 2,366 at the midpoint of 2023.
"Our commitment to fostering a vibrant and conducive business atmosphere has yielded substantial advantages for the businesses under our purview," stated Abdalla Al Banna, Vice President of Free Zone Regulatory Operations at DWTC. During the first half of 2024, DWTCA expanded its Free Zone territory to incorporate One Za’abeel, a renowned sustainable development by the Investment Corporation of Dubai. This expansion not only augmented the Free Zone's rental area but also offered companies and entities within the iconic mixed-use development a suite of benefits from DWTCA, such as full foreign ownership, customs duty exemptions, dual licensing, zero corporate tax, streamlined visa and permit processes, and a variety of adaptable office options.
