Abu Dhabi’s non-oil exports, re-exports up 62.5 per cent

Abu Dhabi’s non-oil exports, re-exports up 62.5 per cent

Abu Dhabi's non-oil exports, re-exports up 62.5 per cent

an hour ago

ADDED continues to support local economy and preserves the emirate's economic gains in line with the vision and directives of the Abu Dhabi Government's leadership.

Business Bureau, Gulf Today

The non-oil exports and re-exports of Abu Dhabi touched Dhs32.8 billion mark between a period from June to August 2020, showing an upward trend by 62.5 per cent compared to Dhs20.2 billion recorded between March and May this year, a latest report issued by the Abu Dhabi Department of Economic Development (ADDED) showed.

The recently released report reveals the emirate's exports and re-exports of non-oil goods amid the COVID-19 pandemic, particularly between March and August 2020.

Mohammed Ali Al Shorafa, Chairman of ADDED, said, "The recent results showcase the growth in Abu Dhabi's non-oil exports and re-exports despite the global repercussions of the COVID-19 pandemic, which led to the current economic crisis that has negatively affected all countries.“

Al Shorafa attributed the growth to the UAE capital's economic and trade relations with countries in the Middle East and around the world. He added that these well-established ties demonstrate the confidence of the global community in and the rising demand for Abu Dhabi's non-oil products. He