Dubai Chamber members record 15% export growth

05/05/2010 - Dubai Investment News
Dubai Chamber members record 15% export growth

Posted by Neil King

Dubai's Chamber of Commerce and Industry has recorded a 15 per cent increase in exports by its members during the first quarter of the year compared to the final three months of 2009.

Exports for the first quarter of 2010 reached AED 50.7 billion, with March alone recording the highest monthly export total of AED 18.7 billion among chamber members - a 22 per cent increase on the same period last year.

Meanwhile, the chamber also reported that it issued 153,332 certificates of origin in the first quarter of this year, which was seven per cent more than the number issued in the first three months of 2009.

Hamad Buamim, director general at Dubai Chamber, noted that there were a number of positive indicators during the first quarter of 2010, with member exports reaching their highest level in recent times and Dubai Airport welcoming a rapidly growing number of passengers "while the emirate continues with its infrastructure projects which will boost the economic strength of Dubai".

This week, the UAE was ranked top of the latest HSBC Global Trade Confidence Index, cementing its reputation as one of the world's leading trading hubs.