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FINANCIAL NEWS
Dubai’s 2011 non-oil exports likely to surge 36%
25 Nov 2011
(MENAFN) The Dubai Export Development Corporation’s (EDC), chief executive, Saed Al Awadi, said that due to political stability and new trade with East Africa and Central Asia, during the current year, the emirate’s non-oil exports might surge 36 percent, reported Emirates 24/7.
Al Awadi added that the increase would reach USD12 billion, compared with USD8.99 billion in 2010, moreover, in 2012, Dubai’s exports growth would be expected to grow 36 percent as well.
He also said that in the January-June period, Dubai’s imports jumped by 21 percent to USD58 billion.
It is worth noting that re-exports during 2011’s first six month reached USD23 billion, recording a rise over last year’s USD18.7 billion.
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