Dubai's customs department announces growth in direct trade

28/06/2011 - Dubai Investment News Posted by Bob Brunskill
Dubai's customs department announces growth in direct trade

Dubai's customs department has announced that there was a record growth rate of direct trade with the rest of the world in the first quarter of this year, suggesting that the area is coming into more money.Ahmed Butti, the executive chairman of ports, customs and free zone corporation, told ameinfo.com that the trade exchange grew by 34 per cent in the first three months of this year compared to the same time in 2010.Trade increased to Dhs183 billion from Dhs 136 billion last year, with 11.92 million tons being exchanged from 10.25 million last year.Mr Butti told the news provider that the figures are positive for Dubai's economy."The achieved growth indicators highlight an economic sustainable growth in Dubai and a clear emphasis on the productive value added sectors in boosting the GDP per capita, luxury and diversify income resources," he explained."The growth accompanied all walks related to the direct trade exchange which besides exporting included re-exporting and importing."Sheikh Ahmed bin Saeed Al Maktoum, chairman of Dubai's Supreme Fiscal Committee, told Emirates 24-7 last week that the emirate's services sector is in "very good shape".