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Dubai Foreign Trade Grow by 16% at Dh679b in the First Half of 2013

Middle East : 22 November 2013

Source: Gulf News 2013

Dubai foreign trade achieved 16 per cent growth at a value of Dh679 billion in the first half of 2013 compared to the same period last year, Sa’ad Al Awadi, CEO of Dubai Exports , an agency of the Department of Economic Development ( DED ), told media at the Exporters Forum 2013 yesterday.

He added that Dubai Exports achieved 22 per cent increase in the first half of 2013 while re-exports grew at 13 per cent in the same period.

The overall Dubai trade is predicted to maintain a steady growth rate between 13-15 per cent by the end of this year, Al Awadi said.

The strategy of Dubai Exports is based on facilitating businesses in the emirate looking for new opportunities in various markets, he added. “ Dubai Exports has a support system to provide local manufacturers and traders with business opportunities in fast-growing markets.”

In the last three years, the department has enhanced the international presence of UAE-based companies based by introducing them to new markets through dedicated trade mission. “ Dubai Exports has helped over 300 UAE-based exporters to be present in the export markets and is looking ahead to target continuously new potential markets.”

Sami Al Qamzi, Director-General of DED , said such meetings will serve to make local businesses and foreign importers aware of new capabilities that Dubai continues to add to its business environment, especially in terms of infrastructure development and sectors such as halal products.

“While Dubai has retained its strengths as a regional hub for trade, particularly for exports and re-export operations, ongoing local, regional and international developments present vast opportunities for Dubai to move to the next level of international growth. This in fact translates as greater opportunities for traders and exporters looking to expand to markets overseas,”

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