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Dubai Trade’s Role Lauded as UAE Retains No. 1 Spot in MENA Region in World Bank Report

Middle East : 06 November 2011

Source: Zawya

Jamal Majid Bin Thaniah, Group CEO Port and Free Zones World, and Chairman, Dubai Trade welcomed the World Bank’s benchmark “Doing Business Report 2012″, which has for the third consecutive year ranked the UAE as the No 1 country in the Middle East and North Africa (MENA) region for enabling trading across borders, and commended the pivotal role played by Dubai Trade, the premier online trade catalyst of Dubai World, in this achievement.

The report is based on extensive empirical research and is a measure of a country’s regulations directly affecting businesses compiled and verified by more than 8,000 experts worldwide.

Dubai Trade has worked closely with the World Bank to serve as the UAE’s principal source of data and communication for the “Doing Business” team over the past four years, which saw the UAE rise rapidly on the index to the top regional position in 2010 and has ever since successfully occupied it.

Jamal Majid Bin Thaniah, Group CEO, Port and Free Zones World, and Chairman, Dubai Trade, said:

“The World Bank’s ‘Doing Business” Index reaffirms the UAE’s position as the best among MENA economies for enabling trading across borders. It shows that the UAE and Dubai have done an outstanding job of keeping the wheels of regional trade turning amongst the challenges of the global economic slowdown. The role Dubai Trade has played through its state-of-the-art trade facilitating platform and high level of excellence has helped to enhance the UAE’s competitiveness globally. This is a proud moment for us and we hope Dubai Trade’s efforts will lead to even greater achievements.”

Mohammed Al Muallem, Senior Vice President and Managing Director, DP World, UAE Region, and Dubai Trade Board Member, said:

“Trade is a strong indicator of an economy’s health and the World Bank ‘Doing Business’ report reflects the investments that the UAE and Dubai have made to support trade. The technology-driven integration Dubai Trade has provided for the supply chain sector has enhanced efficiency at our flagship Jebel Ali Port to deliver greater levels of service to our customers. Our system of gate automation, e-token, e-payment and other e-services integrate seamlessly with Dubai Trade portal. We congratulate Dubai Trade for its performance excellence.”

Jumaa al Ghaith, Executive Director, Dubai CustomsDubai Customs said:

“Dubai Trade represents all the values that Dubai Customs holds high in our common goal of facilitating trade. Through its meticulous and systematic approach to integrating the supply chain flow, the online portal has increasingly institutionalised e-commerce in Dubai. We commend the pivotal role Dubai Trade has played in strengthening the UAE’s global image as a leading trading hub.”

Dubai Trade has used a bespoke transparent procedure to collect data from the trading community and validated its report through the established committees of the Dubai Executive Council, Prime Minister’s Office, Dubai Competitiveness Council and Emirates Competitiveness Council, before submitting it to the World Bank.

Its secure e-transaction procedures minimise documentation and save precious time for the trading community who work with all the business units integrated into the online platform

Mahmood Al Bastaki, Director, Dubai Trade, said:

“Accuracy and accountability drive Dubai Trade’s approach to streamline the supply chain flow through its portal. It is encouraging to see we have used our resources successfully to beat tough competition to achieve our superior ranking in the World Bank report. The growth of e-transactions through our portal is in line with Dubai’s broader vision of achieving total e-commerce. As we celebrate our third successive achievement as the No. 1 in the MENA region for trading across borders, we commit ourselves to working even harder towards attaining the top ranking.”

Dubai Trade has set an important benchmark for excellence in trading for the region as a whole, with the portal offering seamless trade flow for Dubai’s vast trading community. More than 800 online e-services of DP World, Economic Zones World, Dubai Customs and Dubai Multi Commodities Centre, in addition to Emirates SkyCargo and several leading banks are integrated under the Dubai Trade umbrella.

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