Posted by Neil King
The value of Dubai's global trade exchanges rose 19 per cent during the first ten months of 2010 to reach AED 475 billion, it has been revealed.
New Dubai Customs figures also showed an unprecedented 36 per cent rise in Dubai's direct exports during the period between January and October last year as well as 22 per cent growth in Dubai's free zone trade during the period.
According to the data, India remained Dubai's most active trading partner, with the value of total exchanges between Dubai and India reaching AED 123 billion or about a quarter of Dubai's total trade exchanges with the world.
Commenting on the figures, Ahmed Butti Ahmed, director general of Dubai Customs, said it was probable that Dubai's trade exchanges would maintain the same growth levels this year.
Last week, meanwhile, BME Global claimed that Public-Private Partnership (PPP) opportunities are returning to the Middle East as governments increasingly turn to the private sector for support in developing and delivering large-scale projects.