Dubai is on track to register a rapid recovery from the repercussions of the COVID-19 with customs transactions rising by 24.5% over the first nine months of 2020.
30 November 2020, 12:00 AM
31 December 2020, 12:00 AM
Dubai’s customs transactions increased 24.5% in the period between January to September this year. This Increase in Dubai’s customs transactions signals strong economic recovery, Dubai Government Media office said in a press statement.
The sharp rise in transactions reflects the strength and resilience of the economy and the emirate’s proven capability to weather external economic shocks.
The number of transactions processed by Dubai Customs reached 11.2 million over the first nine months of 2020, compared to 9 million in the corresponding period last year.
Customs declarations climbed 33 per cent in the first nine months of the current year to reach 9.7 million declarations, an average of more than one million declarations a month, compared to 7.3 million in the same period last year.
The impressive figures point to Dubai’s strong economic foundations and its ability to quickly rebound from the impact of global headwinds.