Dubai Trade achieves over 300 million transactions since 2003 launch

Stunning aerobatics, state-of-the-art planes: Dubai Airshow 2023 Day 2 in pictures .$10 billion Indian media behemoth: Sony, Zee aim to complete merger in 30 days.In Pictures: How UAE’s Emirates, Etihad are speeding up airline industry’s transition to green fuels.Stunning fly-past, curious visitors: Dubai Airshow 2023 Day 1 in pictures .Dubai: Dubai Trade, the digital arm of DP World in the GCC region, has crossed 300 million transactions since the platform was established in 2003, the company announced Thursday. This has eliminated approximately 617 million printed documents, saving 25,400 metric tonnes of CO2 emissions. .Get exclusive content with Gulf News WhatsApp channel.Last year, Dubai Trade registered 32.6 million transactions compared to 26 million the year before, representing a 25 per cent increase. Of these, 48 per cent of the transactions were related to clearance and border controls, with 44 per cent falling under cargo handling and logistics, the integrated digital trade and logistics platform said. .Dubai Trade has recorded an average 8 per cent year-on-year increase in annual digital transactions since 2003. Today, Dubai Trade facilitates nearly 90,000 transactions daily. .Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: “Dubai Trade’s remarkable growth since 2003 reflects our strategic focus on improving the flow of trade through digitalisation, which is aligned with Dubai’s Economic Agenda D33.” He added, “By integrating key stakeholders and driving trade activity through our single window platform, we have significantly enhanced trade efficiencies, contributing to Dubai’s non-oil foreign trade target and supporting sustainability objectives simultaneously.” .Dubai Trade was created to combine various trade and logistics service providers under one digital platform. Today, it has a user base of over 180,000 traders and a comprehensive digital ecosystem offering more than 700 digital solutions, including customs clearance, government permits, port clearance certificates, company licensing, and free zone administrative services. .Mohamed AbuHamra, Chief Operating Officer of Digital Technology, DP World GCC, said: “We are thrilled to pass the 300 million transactions mark, which is a testament to the pivotal role Dubai Trade has played in supporting economic activity and digitalising the trade and logistics industry in Dubai over the past two decades.” .On the trade and logistics front, Dubai Trade registered 22,420 new customers on the platform in 2023, marking an increase of 17 per cent in the number of new registrations in 2022. The digital platform’s payment system, Rosoom, saw a 32 per cent increase in transactions, reaching 3.3 million in 2023 compared to 2.5 million in 2022. The total value of these payments grew by 40 per cent to more than Dh2 billion.