FINANCIAL NEWS

Dubai’s 2009 non-oil exports surge 23%

24 Feb 2010

(MENAFN) A report issued by Dubai Customs showed that the emirate’s non-oil direct exports grew at an average rate of 23 percent in 2009 compared to 2008, Gulf News reported.

The value of goods exported through all Dubai Customs entry/exit points was $14.3 billion in 2009, as apposed to $11.6 billion in 2008. The growth rate over the past five years was 47 percent.

Butti Ahmad said a strategic partnership and efficient cooperation between the government and the private sector helped develop the economy and expand Dubai’s trade activities.

Statistics indicate that Dubai exports contributed to 71 percent of the UAE’s compound export rate in 2008.

Butti Ahmad said valuable metals and the products made from them, processed food products, plastics, rubber and natural metal products had a share of 87 percent in the value of Dubai’s direct exports in 2009.

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