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Mon 26 Jan 2009 08:45 AM

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Dubai sees 42% increase in exports

The value of goods exported and re-exported from the emirate rose to $62 billion in 2008.

Dubai saw a 42 percent rise in export and re-export figures last year, despite the global financial meltdown, it was reported on Monday

Figures issued by the Dubai Chamber of Commerce and Industry show that the total value of goods exported and re-exported from the emirate rose to 240 billion dirhams ($62 billion) in 2008.

The organisation also saw a rise in membership of 14 percent, with the value of certificates of origin issued to exporters also rising by 11 per cent – making the chamber the largest issuers if certificates than  any other place in the world, according to UAE daily Emirates Business.  

"These figures represent the Dubai business community's resolve to face the onslaught of the global financial crisis and show optimism and determination to work towards the economic development of the emirate," said Hamad Buamim, director general of the organisation.

The chamber approved the establishment of new business councils for Bulgaria, Austria and Japan last year as well as new bodies such as the Dubai Computer Traders Group and the Foreign Exchange and Remittances Group.

It also signed 10 memorandums of understanding and strategic partnerships with international and local bodies including Hamburg Chamber of Commerce, Tejari and Coface Emirates.

Between 2007 and 2008 membership rose from 108,573 to 121,175, while the number of certificates issued reached 624,066 compared with 559,652 in 2007.

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