The Dubai Ports and Customs Corporation (PCFC) announced impressive financial results for 2023, showcasing its continued success and growth. The corporation reported total revenues of AED1.075 billion ($292.67 million), with a net profit of AED654 million ($178 million), reflecting a 33.47 percent increase from the previous year’s profit of AED490 million ($133.4 million).
The figures, revealed in the corporation’s newly released Annual Report, highlight PCFC’s outstanding progress and continuous development across various business units. The report showcases key results and achievements, underlining the corporation’s commitment to innovation and efficiency.
Elevating service quality for clients and partners
Sultan Ahmed bin Sulayem, PCFC chairman, attributed this success to the launch and implementation of proactive and innovative plans, projects, and initiatives. These efforts, he noted, align with the leadership’s vision and the government’s goals, leveraging smart technologies and developing sustainable solutions to enhance operational efficiency and elevate the quality of services for clients and partners.
Diverse business units and services
PCFC offers more than 300 services through its diverse business units, including the Department of Planning and Development – Trakhees, Dubai Maritime Authority, Dubai Ports Authority, the Marine Agency for Wooden Dhows, and the Security and Investment Departments.
Read more: Dubai Customs harnesses blockchain to usher in an era of efficient and transparent trade
Driving innovation, productivity
PCFC CEO, Nasser Al Neyadi, emphasized the corporation’s commitment to driving innovation and boosting productivity as part of its future strategy. He further highlighted the focus on leveraging cutting-edge technologies to ensure excellence at every stage and achieve even greater success.
Al Neyadi stated that the corporation is actively working with all relevant teams to provide additional value to different community segments, while ensuring adherence to global quality standards and their social and environmental responsibilities.
Supporting economic goals and initiatives
Al Neyadi explained that PCFC harnesses its resources to support economic goals and initiatives, particularly the Dubai Economic Agenda D33, which focuses on launching innovative projects to drive sustainable economic growth in the emirate. He also highlighted the corporation’s exceptional performance in various projects, leading to prestigious accolades, such as the ‘Innovation in the Maritime Industry Award’, the ‘Most Inspiring Security Solutions Award’, and the ‘Great Place to Work’ certificate.
PCFC grows workforce, reach
By the end of 2023, PCFC employed approximately 600 individuals, served over 96,000 clients, engaged with 400 suppliers, and partnered with 26 strategic organisations, further solidifying its position as a key player in Dubai’s economic development.
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