Thursday 13 December 2018

Dubai IT trade volumes surge to $37bn in H1

DUBAI, October 15, 2017

The value of Dubai’s trade in information technology sector surged to Dh134.5 billion ($36.6 billion) in the first six months of 2017 - of which the imports figures for the period were Dh86.8 billion ($23.6 billion) and exports and re-exports worth Dh47.7 billion ($12.9 billion), said a report.
China topped the list of Dubai trade partners with Dh53.3 billion in imports, followed by Vietnam (Dh14.4 billion), the US (Dh2.3 billion), South Korea (Dh2.14 billion) and Japan (Dh1.64 billion), reported state news agency Wam.
As for exports and re-exports, Saudi Arabia topped the list with a value of Dh9.5 billion, followed by Iraq (Dh3.086 billion), Kuwait (Dh2.7 billion), Egypt (Dh2.22 billion), and the US (Dh1.4 billion), said the report citing DP World Group chairman and chief executive and chairman of Ports, Customs and Free Zone Corporation Sultan bin Sulayem.
He pointed out that PCFC supports Dubai external trade through the integration of its entities and the adoption of the most advanced applications and services. 
These include Mirsal 2, the electronic declaration system which was integrated into Dubai Trade’s unified portal and the Smart Risk Engine which reveals suspected goods and counterfeit products, stated bin Sulayem. 
Jafza also provides advanced logistic services including LogiGate which provides users with two services "LogiGate Transport" and "LogiGate Warehousing" to manage land transportation and warehousing bookings, accessible both online and on smart phones iOS and Android, he added.
According to him, Dubai’s serious steps to turn into the smartest city in the world have helped it enhance its status in the international trade. The value of Dubai trade in mobile phones reached Dh75.9 billion, laptops (Dh11 billion), and desktops (Dh2.3 billion).
There will be more momentum and huge growth in the information technology sectors in the few coming years taking into account the big projects Dubai is embarking on in preparation for the next Dubai Expo 2020," remarked Bin Sulayem. 
These will include development of new cities and tourism and business facilities, he added.

Tags: Information Technology | DP World | Dubai | Trade |

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