Foreign trade in Abu Dhabi soars

10/03/2010 - Dubai Investment News
Foreign trade in Abu Dhabi soars

Posted by Neil King

Foreign trade in Abu Dhabi reached 112 billion dirhams in 2009, according to official figures.

The statistics from Abu Dhabi's Customs Department showed that the growth amounts to an increase of nine per cent on the previous year.

Growth in non-oil exports hit 9.5 billion dirhams - an increase of 52 per cent when compared to 2008.

Meanwhile, imports to the nation increased by four per cent.
In terms of seaport and airport imports and exports, growth in Abu Dhabi was strong.

But it is not just international trade that is experiencing strong growth in the region: the property sector also appears to be doing well.

There could be as many as 10,000 new units ready for occupancy in Abu Dhabi this year.

Gurjit Singh, chief operating officer of Sarouh Real Estate, told the Khaleej Times that 90 per cent of those new homes would be in the medium to upscale category.ADNFCR-2019-ID-19661820-ADNFCR