Dubai's direct trade soars 27 per cent in first five months of 2011

22/08/2011 - Dubai Investment News Posted by Neil King
Dubai's direct trade soars 27 per cent in first five months of 2011

Dubai's direct trade with other countries across the world grew by 27 per cent in the first five months of this year, according to new figures comparing figures from the same time in 2010.The rise was announced by Dubai Customs, which said that direct trade hit Dh289 billion between January and the end of May, compared to Dh228 billion last year.People considering Dubai property investment could be interested to hear that the Customs Warehouse business saw turnover grow by 58 per cent last year, as the emirate's economy continued to succeed, reports Emirates 24-7.Ahmed Butti Ahmed, executive chairman of Ports, Customs and Free Zone Corporation and Dubai Customs' director general, told the news provider that figures show that Dubai has "already overcome the financial crisis"."This is attributed to the economic diversity Dubai enjoys as well as the remarkable status it takes being a key business hub," he explained.Robert Kelly, the deputy director of UK Trade and Investment in Abu Dhabi, told Gulf News earlier this month that the UAE is the UK's top trading partner in the MENA region.