Dubai trade up 16pc to US$62 billion in first 5 months

DUBAI's non-oil trade grew almost 16 per cent to AED228.2 billion (US$62.1 billion) year on year, according to customs statistics covering the first five months of 2010, reports London's Containerisation International.

Direct exports grew 43 per cent to AED26.7 billion worth year on year. Re-exports grew 17 per cent to AED47.6 year on year. DP World's flagship Jebel Al container terminal handled 11.2 million TEU with expectations that throughput will top 12 million TEU this year.

Dubai is popular among companies wanting to set up manufacturing, service and distribution centres for the upper Middle East Gulf, India, Pakistan, eastern Africa and the Indian Ocean.

So far in 2011, the Jebel Ali Free Zone has attracted Mitsubishi Corp, Isuzu Motors, Petrochina, JVC Professional and Schoeller-Bleckman.
(Source:www.schednet.com)