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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