Dubai-Mubasher: Dubai Airport Freezone Authority (Dafza) announced in a bourse filing its financial results for the fiscal year (FY) 2014, during which it reported a net profit rise by 48% year-on-year (y-o-y).

Moreover, Dafza’s total revenues and assets also registered an increase by 13% and 3.4% respectively y-o-y.

An increasing number of multinational companies joined Dafza in 2014, including Bentley, Robertet S.A and Safilo Middle East. These companies represent 27% of the total number of those registered in the freezone.

European and US companies accounted for 41% of Dafza, while GCC companies ranked second with 30%, followed by Asian companies at 17%.

The flow of foreign direct investment (FDI) from Europe to UAE reached $2.22 billion, according to a report issued by Financial Times.