Dubai-oman trade soars to Dhs37.85b
DUBAI: The trade volume between the Sultanate of Oman and the emirate of Dubai jumped 8.4 percent to Dhs37.85
billion in 2019, compared to Dhs34.9 billion in 2018.
The Dubai-oman bilateral trade stood at Dhs14.85 billion from January to June 2020, according to latest figures released by Dubai Customs.
Commenting on the trade figures, Director General of Dubai Customs, Ahmed Mahboob
Musabih, said, “We congratulate our brothers in the Sultanate of Oman on their 50th National Day, and we look forward to further collaboration and mutual trade in the future.”
Musabih added: “We provide the clients at the Hata Border Crossing with top-notch services and facilities. It is a very instrumental, strategic crossing-point between the UAE and Oman, and we have equipped the centre with the most advanced technologies and equipment to streamline the flow of trade and traffic in accordance with the GCC Common Customs regulations. We also focus on raising the capacities of our inspection staff at the border to ensure safe and efficient cargo and passenger clearance operations, following the directives of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai.’’
According to recent figures released by the Federal Competitiveness and Statistics Centre, the value of the UAE’S non-oil trade reached Dhs658.3 billion in the first half of 2020, accounting for 41 per cent of the total value of the country’s trade in 2019.
This signals the continued activity of the economic sectors despite the slowdown in economic and commercial activities during the past months worldwide, as a result of temporary closures due to COVID-19, said the FCSC.