Dubai’s total non-oil foreign trade within 10 months rose to a record Dh1.29 trillion for the first time in its history, during the period between January and October 2012, compared to Dh911 billion in 2011 in the same period with a growth of 13 per cent.
Ahmed Butti Ahmed, Executive Chairman of Ports, Customs and Free Zone and Director General of Dubai Customs, said this value of the non-oil trade includes the direct trade, free zones trade and warehouse customs trade.
He added that this steady growth of Dubai’s trade with the world reflecting the recovery in the domestic economy from the global financial crisis driven by the performance of key sectors, notably foreign trade, and coincides with the emirate of Dubai launching many new development projects in the economic, recreational and real estate areas. This has been contributed by the Customs highly efficient facilities in Dubai, in addition to the modern and reliable infrastructure available in the ports and airports, underlining Dubai’s position as a key link to trade between East and West and a major gateway to the region’s trade with the rest of the world.
Source: Khaleej Times of Dubai
1$ = 3.65 Dirhams
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