Dubai’s Information Technology Trade Reaches Dh134.5 Billion in the First Half of 2017

DP World Group Chairman & CEO and Chairman of Ports, Customs and Free Zone Corporation Sultan bin Sulayem pointed out that Dubai plays a pivotal role in sustaining and developing the information technology sector thanks to its adoption of latest technologies and applications. 

He added:” Dubai has succeeded in keeping abreast with the technology sector and implementing advanced technologies to sustain and support economic development in line with the wise vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai.

Bin Sulayem revealed the value of Dubai’s information technology trade figures in the first half of 2017 which is AED 134.5b (AED 86.8b of imports, and AED 47.7b of exports and re-exports).

He pointed out that PCFC supports Dubai external trade through the integration of its entities and the adoption of the most advanced applications and services. These include Mirsal 2, the electronic declaration system which was integrated into Dubai Trade’s unified portal and the Smart Risk Engine which reveals suspected goods and counterfeit products. JAFZA also provides advanced logistic services including LogiGate which provides users with two services “LogiGate Transport” and “LogiGate Warehousing” to manage land transportation and warehousing bookings, accessible both online and on smart phones iOS and Android.

China topped the list of Dubai trade partners with AED 53.3b in imports, followed by Vietnam (AED 14.4b worth of trade), the USA (AED 2.3b), South Korea (AED2.14b), and Japan (AED 1.64b).

As for exports and re-exports, Saudi Arabia topped the list hitting AED 9.5b, followed by Iraq (AED 3086b), Kuwait (AED 2.7b), Egypt (AED 2.22b), and the USA (AED 1.4b).

Dubai’s serious steps and the initiatives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai to turn into the smartest city in the world have helped it enhance its status in the international trade. The value of Dubai trade in mobile phones reached AED 75.9b, laptops (AED 11b), and desktops (AED 2.3b).

Chairman of PCFC expected more momentum and huge growth in the information technology sectors in the few coming years taken into account the big projects Dubai embarking on in preparation for the next Dubai Expo 2020. These will include development of new cities and tourism and business facilities.