Abu Dhabi’s non-oil foreign trade zooms, touches Dhs151.18b mark

SourceGulf Today
SectorEconomy
CountryUAE

.

cture used for illustrative purpose only. Inayat-ur-Rahman     Abu Dhabi’s non-oil foreign trade sector registered robust growth touching Dhs151.18 billion mark from January to September 2020, despite the challenges of COVID-19 pandemic.   The virus has halted global economic growth and most of the world economies are in recession.   The capital is expecting to see a growth of five per cent next year bucking the global trends, with the emirate’s economy well positioned for a strong rebound post COVID-19.   The General Administration of Abu Dhabi Customs continued its pioneering efforts to continue the uninterrupted flow of supply chains, and protect the economy and society’s safety during the virus.   The sector also distributed imports worth Dhs69.33 billion, exports worth Dhs55.37 billion, and re-exports worth Dhs26.48 billion.   These efforts were in line with the leadership’s directives to meet the requirements of ...read more...