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72 Trade and Economy<br />

Non-oil trade through free zones reach <strong>new</strong> heights<br />

Growth Engines<br />

Dubai's non-oil foreign trade continued its steadfast growth last<br />

year despite tough competition in the international markets.<br />

Data compiled by Dubai World's Statistics Department show a<br />

robust rise of 9.15 percent in this sector of the economy<br />

during 2006.<br />

The statistics, based on information from Dubai Customs,<br />

showed that last year the value of non-oil trade stood at AED<br />

523.5 billion as against AED 479.6 Billion in 2005.<br />

H.E. Sultan Ahmed bin Sulayem, Chairman, Dubai World, said,<br />

“These results reflect the emirate's rapid economic growth in a<br />

relatively short span of time and what we can achieve in the<br />

global trade arena. There are many factors that have helped in<br />

pushing this economic expansion, especially the impressive<br />

growth in the real estate sector and the sharp increase in the<br />

number of international companies operating from Dubai<br />

including around 6,000 companies in Jebel Ali Free Zone which<br />

have also contributed to the robustness of our economy.”<br />

Adel Al Ashram, Senior Manager of the Statistics Department<br />

said, “Compiling the annual statistics for Dubai's foreign trade in<br />

a record time of just 15 days is a real achievement for us and is<br />

unmatched in the Middle East. These statistics play a crucial role<br />

in influencing decision makers and business leaders as they plot<br />

their strategies and future plans.”<br />

According to the figures released, direct non-oil foreign trade,<br />

that is trade carried out outside free zones, netted AED 3<strong>16</strong>.5<br />

billion as against AED 280.4 billion in 2005 - an increase of<br />

12.8 per cent.<br />

Adel Al Ashram,<br />

Sr. Manager, Statistics Dept., Dubai World<br />

PERFORMANCE OF FREE ZONES<br />

Dubai's non-oil foreign trade through the emirate's eight free<br />

zones recorded an 8.9 per cent increase during the year 2006<br />

compared to 2005.<br />

Figures show that the total value of non-oil trade that passed<br />

Supply Chain & Logistics Group | www.sclgme.org

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