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FINANCIAL NEWS
Dubai non-oil trade up 18% in 2010
08 Mar 2011
(MENAFN) The Executive Chairman of Dubai Ports, Customs and Free Zone Corporation and the Director General of Dubai Customs, Ahmad Butti Ahmad, said that the city saw an 18 percent rise in its non-oil trade to USD156.8 billion in 2010, compared with USD132.8 billion in 2009, reported Gulf News.
Ahmad said that the impressing results show an improvement in non-oil trading activities in Dubai. The results also indicate great achievements in terms of exports and re-exports.
The executive chairman said that direct exports climbed by 30 percent to USD18.5 billion in 2010 from USD14.1 billion in 2009.
According to the executive chairman, the reasons behind the upturn of exportation and re-exportation activities are the improved infrastructures of air, sea ports and transportation and the strategic location of the Emirate.
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