Dubai non-oil trade up 18%, report shows

07/03/2011 - Dubai Investment News Posted by Bob Brunskill
Dubai non-oil trade up 18%, report shows

Non-oil trade in Dubai has increased by 18 per cent last year, according to new statistics released by Dubai Customs.

The figures show that trade in the emirate, excluding revenue accrued through oil, reached Dh576 billion in 2010 compared to Dh488 billion in 2009.

Ahmed Butti Ahmed, executive chairman of Ports, Customs and Freezone Corporation and the director general of Dubai Customs, said the figures recorded over the past year indicate that non-oil trading activity is enjoying a return to profitability post-economic crisis.

He forecast an upcoming development in the domain of investment opportunities along with the recovery of escalating pace of the economy's activities and growth prospects, in which trade is essentially considered a key component.

"Re-exports achieved last year have been the highest for the last five years," Mr Ahmed said.

During the last year, Dubai direct exports with the external world surged to record Dh68 billion, an increase of 30 per cent compared to 2009 which reached Dh52 billion.ADNFCR-2019-ID-800446734-ADNFCR