Trading levels up in 2010, Dubai Chamber of Commerce says

24/02/2011 - Dubai Investment News
Trading levels up in 2010, Dubai Chamber of Commerce says

Trading activity rates within Dubai are getting back to pre-downturn levels, suggesting the emirate is on course for 'sustainable growth' over the course of 2011 and beyond.

That is according to the Dubai Chamber of Commerce and Industry (DCCI), which has released its latest figures for trading within the emirate's principal city.

Notably, the statistics show that the chamber's members enjoyed a 24 per cent year-on-year increase in total exports and re-exports in 2010 as confidence returned to the world's economies.

And, according to the director general the DCCI, Hamad Buamim, this bodes well for the months ahead, spelling good news for both domestic and international investors in the emirate.

"The year 2011 promises to be one of sustainable growth for the city as’ trade figures of chamber members are almost back to the pre-crisis levels," he noted.

At the same time, however, Mr Buamim expressed his belief that the recovery could be even more marked if stronger alliances were to be built between the public and private sectors within Dubai.

This comes as Dubai's Road and Transport Authority (RTA) celebrates its fifth anniversary.

Posted by Neil King

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