Saturday, Jan 16, 2021
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Dubai-Oman bilateral trade reached Dh14.85 bn in H1

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Bilateral trade jumped 8.4 percent to hit Dh 37.85 billion last year

Bilateral trade between Dubai and Oman, which is the UAE’s second-largest trading partner in the Middle East, stood at Dh14.85 billion during the first half of 2020. Bilateral trade between Dubai and Oman jumped 8.4 percent to reach Dh37.85 billion last year, compared to Dh34.9 billion in 2018, according to Dubai Customs.

Director General Ahmed Mahboob Musabih told the media, “We have equipped the centre with the most advanced technologies and equipment to streamline the flow of trade and traffic in accordance with the GCC Common Customs regulations. We also focus on raising the capacities of our inspection staff at the border to ensure safe and efficient cargo and passenger clearance operations.”

Last month, Dubai Customs revealed that Dubai recorded non-oil external trade worth Dh551 billion during the first half of 2020. During the period, a total volume of 44 million tonnes of goods were traded comprising 30 million tonnes of imports, 8 million tonnes of exports and 6 million tonnes of re-exports.

During the same period, the total value of the foreign trade between Dubai and the Kingdom of Saudi Arabia reached Dh24 billion. Non-oil trade between Dubai and the Kingdom reached Dh500 billion during the last ten years, Dubai Customs said.

In this regard, Ahmed Mahboob Musabih told the media, “The deep relations between the two countries exceed the concept of bilateral cooperation between two neighbouring countries, but has become a strategic partnership, in line with their historical ties supported by blood, legacy, and a common fate.”

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