AED 645 billion of Dubai’s foreign trade in the first half of 2018

Media In – Dubai – 18 September 2018 / WAM /

 Dubai’s non-oil foreign trade has continued to grow in the first half of 2018 to AED 645 billion, an increase of AED 5 billion compared to the first half of 2017. The re-export trade recorded strong growth of 14%, representing an increase of AED 24 billion to AED 203 billion, confirming Dubai’s role as a regional and global re-export hub, while imports amounted to AED 377 billion and exports reached AED 65 billion. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, praised the outstanding performance of Dubai’s non-oil foreign trade during the first half of 2018. “This achievement demonstrates the success of government initiatives in supporting economic and commercial development, To face the changes taking place in the international economy, in confirmation of the continued rapid progress in achieving global leadership in various fields. ” “Achieving new heights in Dubai’s economic and financial performance is at the forefront of our strategic objectives, and we look forward to more innovative ideas for our achievements, which the world is looking forward to achieving 10 years from now, employing the latest technology and technology applications as partners in the leadership of the 4th Industrial Revolution.” “The development of Dubai’s business capabilities opens new horizons for expanding trade and economic ties with the world and hosting the Dubai Expo 2020 is an important addition to the ongoing efforts to further this goal. The world’s largest exhibition will provide an ideal working environment for all And will represent a real qualitative leap in building and consolidating trade relations between the participating countries, in recognition of Dubai’s role in building and activating bridges of global economic cooperation. “