News And Publications

DP World Limited has announced financial results for the year ended 31 December 2024. On a reported basis, revenue grew by 9.7% to $20.0 billion and adjusted EBITDA³ rose by 6.7% to $5.5 billion with an adjusted EBITDA margin of 27.2%.

Key Takeaways:

1. Authority records a 35.5% increase in net profit compared to 2023, underscoring its success in achieving its strategic objectives
2. DIEZ reports 18.4% revenue growth and 7.8% increase in EBITDA in 2024 compared to 2023
3. DIEZ announces a 9% growth in the number of registered companies operating within its economic zones
4. Number of employees in companies registered within DIEZ grows by 21% in 2024 compared to 2023

In yet another remarkable annual performance, Dubai welcomed 18.72 million international overnight visitors from January to December 2024, a 9% year-over-year increase that surpasses the previous record of 17.15 million in 2023, according to data from the Dubai Department of Economy and Tourism (DET).

Marking consecutive years of record-setting growth for the city, the achievement reinforces the city’s position as one of the world’s leading travel destinations, and demonstrates the success of its strategic approach in expanding the sector and investing in infrastructure and talent to meet growing demand.

Key Takeaways:

• The month of December emerged as the busiest month of 2024, with 8.2 million guests choosing DXB as their gateway and destination, reaffirming its position as the airport of choice for millions worldwide.
• The year 2024 results exceeded the forecast by almost 200,000 in guest numbers, underscoring the strength of DXB’s global appeal.
• By 2027, Dubai Airport is confident in reaching the milestone of 100 million annual guests.