Dubai foreign trade hits Dh28b
Sunday, 5 October 2014
DUBAI, Oct 4 (Gulf News): Dubai's foreign trade in products that are widely in demand during Eid festivities, such as readymade clothes, shoes, perfumes and cosmetics, climbed to around Dh28.2 billion in the first half of 2014, a 12 per cent increase compared to the same period in 2013.
Imports accounted for Dh20.6 billion, exports Dh1.1 billion and re-exports for Dh6.4 billion, according to Dubai Customs (DC).
Dubai Customs, in a press release, said the demand for Eid-related products during holidays is being driven by the flourishing tourism season in Dubai which is expecting more tourists during Eid Al Adha holiday as the emirate's tourist attractions and luxury malls offer a memorable shopping experience.
As many as 600,000 tourists visited Dubai during this year's Eid Al Fitr, according to Dubai Customs. Ahmad Abdul Salam Kazim, Director of Strategy and Corporate Excellence, said that supporting the Dubai economy is DC's top priority.
Dubai Customs is also keen on enhancing the role of the shopping and tourism sector, in addition to engaging continuous coordination with all commercial groups steered by the DC's Advisory Board, seeking to boost cooperation with traders and investors."