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Dubai exports, re-exports up 17% to Dh162b
DUBAI — Dubai’s exports and re-exports recorded a 17 per cent growth during the first eight months of 2011, a top official said on Wednesday.
“The emirate’s exports and re-exports rose to Dh162 billion during the January to August period from Dh138 billion in the same period last year,” said Abdul Rahman Saif Al Ghurair, Chairman of the Dubai Chamber of Commerce and Industry. Dubai also continues to cement its position as a major hub especially for the re-export of auto parts, with a strong and well-developed re-export sector, especially in auto parts due in part to the lack of an automotive manufacturing industry.
Dubai’s re-export market continues to boom as the economy picks up speed, with experts saying the emirate’s economic growth will increase between three to five per cent in 2011, and a further six per cent in 2012. “Without a dedicated automotive manufacturing industry in the Middle East, Dubai has become the regional distribution centre for automotive parts and accessories not only to the Middle East but to African nations and some European countries such Russia,” said Asad Badami, Managing Director of A-MAP, a distributor of automotive parts. Local authorities, he added, have been very cooperative, making re-export trading “very smooth” in the emirate.
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