Dubai's non-oil trade rises 19%

16/06/2010 - Dubai Investment News
Dubai's non-oil trade rises 19%
Posted by Bob Brunskill

Non-oil trade in the Dubai emirate rose by 19 per cent in the first quarter of this year compared to the same period last year, official figures show.

Ahmad Butti Ahmad, executive chairman of the Ports, Customs and Free Zones Corporation and director general of Dubai Customs, announced that Dubai's non-oil trade reached Dh136 billion in the first three months of 2010, Gulf News reported.

Mr Butti Ahmad, who was speaking at a "Talk Business at Breakfast" gathering at the Dubai Chamber of Commerce and Industry, commented: "Dubai's economy is strong and promising as these recent numbers reflect the real status of the emirate which is witnessing an increased demand for consumer products due to the strong purchasing power."

He also noted that the imminent opening of Al Maktoum International Airport at Dubai World Central will serve to boost the emirate's air cargo volumes and add to the competitiveness of Dubai businesses.

Meanwhile, His Highness Shaikh Mohammed bin Rashid Al Maktoum, vice-president and prime minister of the UAE and ruler of Dubai, said this week that the UAE has made great progress to become one of the most economically and socially competitive nations in the world.
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