Dubai's non-oil trade soars 38 per cent

28/01/2009 - Dubai Investment News
Dubai's non-oil trade soars 38 per cent
Non-oil trading in Dubai reached AED934.7 billion last year, up 38 per cent on 2007, Dubai World's statistics department has found.

Commenting on the findings, Saeed Al Qaizi, director of procurement, contracts and statistics, said that Dubai has maintained steady high level growth in recent years.

"A close study of the trade trend over the past 10 years shows that this pattern will continue in the coming years and Dubai will remain the leading trading hub in the region," he added.

Meanwhile, Nassim Al Mehairi, senior manager of the statistics department, said that the exports market saw the biggest growth levels, rising 58 per cent to AED42.6 billion.

She added that imports also grew an impressive 48 per cent on 2007 figures.

The level of foreign trade transacted via Dubai's free zones also saw an increase of 29 per cent.

In 2006, free-zone non-oil trade grew 8.9 per cent, Dubai World figures show.ADNFCR-2019-ID-18996885-ADNFCR
There’s never been a better time to invest in Dubai, say industry heavyweights heading to this month’s Cityscape Global Conference. Invest in your Future - Click here to learn more.