Dubai's trade value rises in 2011

05/08/2011 - Dubai Investment News Posted by Bob Brunskill
Dubai's trade value rises in 2011

Dubai's trade value rose 16.5 per cent to Dh120.2 billion during the first half of 2011, compared to the corresponding period last year.This is according to a report issued by Dubai Chamber of Commerce and Industry, which is based on the performance of Dubai Chamber's members.Some 5,233 new members joined the trade body between January and June, representing a three per cent rise compared to the same period last year.Highlighting continued strength in Dubai's economy, Hamad Bu Amim, director general of Dubai Chamber, commented: "Our members' export and re-export figures are a good indicator of the health of Dubai's trade sector, so it is extremely positive to see year-on-year growth reach double figures."The trade sector plays such a major role in the overall health of Dubai's economy that this is certainly a strong indicator that the economy is on track to meet its forecast percentage growth this year."