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Dubai’s non-oil trade rises 18% in first half
DUBAI — Dubai’s non-oil trade soared 18 per cent in the first half that shows excellent performance of the sector, Dubai Chamber Director-General Eng Hamad Buamim said.
The first half non-oil trade recorded at Dh279 billion, compared to Dh237 billion over the same period last year.
“The export figures of recent times and sectoral performances are best indicators to sum up the trend that shows encouraging figures from our members’ export and re-export activities,” Buamim said in his welcome address at a networking suhoor, which was organised by the chamber late Sunday.
“This annual event provides us with yet another networking opportunity to catch-on and buildup our trade relations and work towards the future as a strong Dubai business community and to set an example in promoting Dubai as an international business hub,” Buamim said.
He mentioned that fundamentals of economy stood strong, but business sentiment are still cautious. “We require more consumer spending and more business,” he added.
Buamim also stressed that it’s the chamber’s top priority in strengthening the partnership between the public and private sectors but cautioned the business community on its overdependence on the government and to work together for economic recovery as well as to promote Dubai as a global trade, logistics and tourism centre.
“We believe we all need to work together. We need to be more optimistic,” he said.
Reaffirming Dubai’s status of a sound investment destination in the region, Buamim cited the example of the number of passengers travelling through Dubai International Airport, which clocked a record of 4 million passengers in July while the hotel occupancy stood at 80 per cent in June.
He said the timely launch of the Dubai World Central’s Al Maktoum International Airport’s cargo hub, the fast expanding Dubai Metro and other infrastructure spending by the government which will generate further opportunities for businesses and investors alike. —abdulbasit@khaleejtimes.com
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