Dubai
Dubai’s non-oil foreign trade grew 2.7% to reach Dh327 billion in the first quarter of 2017 compared to Dh318 billion in the same quarter of 2016, according to data published by Dubai Customs.
Commenting on the results, Crown Prince of Dubai and Chairman of the Dubai Executive Council, Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum praised the growth in Dubai’s non-oil trade, and said that Dubai has once again proved its ability and readiness to overcome all challenges.
“Dubai has been able to offset the impact of key challenges including major currency fluctuations and slower global economic growth, and increase its non-oil foreign trade as well as cement its position as a regional and global business hub,” Shaikh Hamdan said.
“Dubai has achieved this growth thanks to the guidance of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. Shaikh Mohammed vision for the future along with a number of initiatives such as Dubai 10X, which aims to place Dubai 10 years ahead of all other cities, and the ‘UAE Centennial Plan 2071’ have inspired a series of innovative and creative initiatives that will boost the UAE’s economy. These initiatives also support the goal of ensuring the happiness of people and making Dubai a global leader in many key sectors,” Shaikh Hamdan said. “We seek to enhance the UAE’s competitiveness by developing commercial and customs services that bring significant financial benefits for all those that choose Dubai as a hub for their operations,” Shaikh Hamdan added.