Dubai’s non-oil trade volume with Africa is $50 billion in 2020

Dubai’s non-oil trade volume with Africa is $50 billion in 2020
Dubai’s non-oil trade volume with Africa is $50 billion in 2020

Hamad Mubarak Buamim, Director General of Dubai Chamber, while delivering the opening speech of the sixth session of the Global African Business Forum organized by Dubai Chamber and Expo 2020 Dubai, at the Dubai Exhibition Center under the slogan “Trade leads the future of economic transformations”, confirmed that the volume of non-oil trade of Dubai with Africa is 50 billion. dollars in 2020, despite the challenges of the pandemic, which is the highest percentage recorded so far in the past ten years.

Buamim said that Dubai was remarkably able to transform the global challenges of the pandemic into real opportunities for growth, as the emirate adopted a new five-year plan to increase the volume of its foreign trade to 2 trillion dirhams and establish new sea and air shipping routes linking Dubai with more than 400 cities around the world. This greatly improves the ease of doing business in Dubai and across the region in general.
Buamim said: Our efforts in Africa are already bearing fruit. The volume of Dubai’s non-oil trade with Africa reached $50 billion in 2020, despite the challenges of the pandemic, which is the highest percentage recorded so far in the past ten years.

The number of African companies registered with the Dubai Chamber and operating in the emirate reached 24,800 companies, a growth of 15.5% compared to the last time the Global African Business Forum was held in 2019.

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