UAE free zone exports exceed $61bn in 2017

UAE Central Bank says exports rise by 6.6% - account for nearly 20% of UAE's total exports last year
UAE free zone exports exceed $61bn in 2017
Jebel Ali Free Zone.
By Staff writer
Sat 07 Apr 2018 10:39 AM

UAE free zone exports amounted to AED225.5 billion ($61.2 billion) in 2017, a growth of 6.6 percent from the previous year, according to the UAE Central Bank.

Its annual report said the free zone exports accounted for 19.5 percent of the country's total exports last year, and comprised 16 percent of the trade balance.

State news agency WAM reported that UAE free zones now represent a robust catalyst for economic growth following  significant investments in them over the past decades.

The past three years saw some discrepancy in the free zone export volume, which fell to AED211.4 billion in 2016 before rebounding last year, it added.

There are 37 free zones operating in the UAE that leverage the country's positioning as a key regional trade and financial hub.

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