Dubai Customs organises 3rd DCCC meeting in 2022 amid expectations of more economic growth

Dubai Customs organises 3rd DCCC meeting in 2022 amid expectations of more economic growth

DUBAI, 18th September, 2022 (WAM) -- Sultan bin Sulayem, DP World Group Chairman and CEO and Chairman of Ports, Customs and Free Zone Corporation (PCFC), said that the economic sectors in the UAE are performing positively and are likely to achieve more growth, during the meeting of the 3rd Dubai Customs Consultative Council (DCCC).

The UAE's foreign trade for the first 6 months of this year exceeded AED 1 trillion, and the tourism sector recorded revenues of more than 19 billion dirhams. Moody's Investors Service forecasts UAE real GDP growth of 6-7 percent in 2022, and the non-oil economy of 4 percent to 5 percent.

During the meeting, held in the presence of Ahmed Mahboob Musabih, Director-General of Dubai Customs and PCFC CEO, and business and trade groups in the emirate, Bin Sulayem stressed that the comprehensive economic partnership agreements concluded by the UAE will push up foreign trade rates even further and consolidate the country's position as a main hub in international trade.

He noted that Dubai Customs stands firmly in support of these agreements through continuous development of its smart customs systems, which resulted in significant increase in customs transactions to 12.7 million in the first half of 2022 compared to