Dubai Customs completes 5m transactions in Q1

Dubai Customs completes 5m transactions in Q1

Dubai Customs completes 5 million transactions in Q1

38 minutes ago

Picture used for illustrative purpose.

Dubai Customs completed 5 million transactions in Q1 this year, according to latest figures. This is equivalent to double the number of transactions in the same period in pre-pandemic 2019, and 20% more than Q1 2020, in which 4 million transactions were completed.

"We will target new international markets and attract more foreign investments to achieve Dubai vision of raising trade to 2 trillion dollars in the next 5 years following the directives of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai,“ said Abdullah Mohammed Al Khaja, Executive Director of Clients Management Division.

He added, "We will actively participate in achieving the objectives of Dubai Strategic plan 2030 through building on what has so far been achieved in the emirate, which turned it into a regional and global hub for trade and tourism.“ Figures of Q1 are very positive and they reflect not only a quick recovery from the pandemic, but also an outstanding growth. Economic performance is expected to grow 4% this year.“

Customs declarations grew 24% in Q1, 2021 to 4.47 million (50,000 declarations a day on average) from 3.4