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Six Million Transactions Through on Dubai Trade Portal

This marked an increase of 50 per cent compared to user activity in 2007, when the number of transactions made was 4,000,000.

The remarkable rise in the rate of usage of Dubai Trade’s electronic platform was supported by a 90 per cent increase in the services it provided in 2008 to entities directly concerned with commercial transactions such as DP World, Dubai Multi Commodities Centre and Economic Zones World — flagship companies under Dubai World — and Dubai Customs. A total of 612 online services are now accessible on the portal, compared to 345 in 2007.

“The impressive rise in the rate of usage of our services is a matter of great pride for Dubai Trade. It gives us immense satisfaction that our efforts to boost electronic transactions have come up with good results,” Mahmood Al Bastaki, Director of Dubai Trade, commented on the annual operations figures.

“This goes a long way in streamlining trade flow in the emirate. Dubai Trade is committed to continue providing effective support to Dubai’s trading community in a bigger way. Our efforts on this front won World Bank’s praise last year. We are constantly upgrading our services and are confident that our performance will be better and more effective in the coming years,” he added.

The rise in the number of transactions is indicative of the fact that the trading community is now more aware of the benefits of direct online dealings.

business@khaleejtimes.com