Dubai's foreign trade hits USD178b in H1


(MENAFN) According to Dubai Customs, Dubai foreign trade has gone through a huge growth in the last ten years, multiplying five times during that time, with Dubai's foreign trade going from USD68.589 billion in 2003 to USD361.73 billion in 2013 as well as reaching USD178 billion during the first January-September period of 2014, which is more than double of 2003's overall figure, Khaleej Times reported.

The growth in Dubai's foreign trade is attributed to Dubai's investment in infrastructure development, through trade-supporting projects including seaports, airports, free zones, roads, and border facilities in the emirate.

Dubai Customs also said that this growth was helped by them developing the 'Mirsal 2' system, with its modern technologies which it utilizes, as well as its unique integration of various procedures in one single electronic platform, saving time by over 80 percent, as well as the emirate introducing the smart government services, which was launched by Dubai Customs last year, and have significantly speeded the service delivery of Dubai Customs.

The new developments implemented by Dubai also included the Risk Engine tool, which helps in cargo screening and inspection as well as being used to identify and assess potential risks in commercial consignments prior to their arrival.





MENAFN

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