Dubai sees 10% rise in GCC trade exchange

23/08/2010 - Dubai Investment News
Dubai sees 10% rise in GCC trade exchange

A number of investors could be encouraged to hear that Dubai's trade exchange with countries in the Gulf Cooperation Council (GCC) increased by ten per cent in the first half of the year.

Figures reported by the Khaleej Times, revealed that the total amount for the first six months in 2010 was AED11 billion, up from AED10 billion in the same period in the previous year.

Ahmed Butti, executive chairman of ports, customs and free zone corporation, told the newspaper: "The growing trade activity with the gulf countries is in line with the aspirations of GCC leaders who give priority to economic integration.

"Kuwait came second with AED2.1 billion, then Oman with AED2.0 billion, Qatar with AED1.6 billion and Bahrain with AED1.2 billion."

The report also showed that Dubai re-exports with gulf countries amounted to AED4.8 billion.

Imports and exports were also reported to have "stood firm" at AED2.3 billion and AED3.7 billion.

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