Dubai has been successful in securing its prestigious position amidst commercially developed countries in the world through its modern cutting-edge infrastructure, efficient support services and facilities. Dubai has also capitalized its strategic locations & has emerged as an integral link at the crossroads of the global supply Chain network.
Like most major segments of the economy, Dubai External Trade has been making rapid strides & has been performing exceptionally. Over the years, Dubai External Trade has manifested a steady average growth rate of approximately 20% during the past 10 years & the year 2009 saw remarkable trade exchange between Dubai & its counterparts as the overall external trade reached AED 754 Billion, These hard facts subject to accurate data & statistics evince the immense trade potential Dubai is endowed with.
Doing business annual report compares and investigates regulations in 183 countries that enhance or constrain business activity. Doing Business presents quantitative indicators on business regulations and the protection of property rights that can be compared across 183 economies—from Afghanistan to Zimbabwe—and over time.
United Arab Emirates is ranked 33 out of 183 economies for the Ease of Doing Business, where Dubai is ranked 5 in Trading across borders.
IMF revised the economic outlook of the UAE raising the GDP by 0.6 percent. This resulted from the positive market sentiments, being gains from the smart restructuring of the debt crisis. General liquidity levels are increasing, all showing the gaining confidence in the local markets. Consumer spending has also witnessed rapid increases. In a separate report, Dubai World Central announced the opening of the new Al Maktoum Airport on 25 June., 2010. The airport initially opens for cargo operations, a move that will eventually see all major freight movements to happen from the new airport.
Initial indicators have shown that the UAE is still the top tea re-exporter of the world for the year 2009, and is set to retain the top position it reached in 2004. The indicators affirm that the UAE continues to play a key role in the international tea trade due to its unique geographic location and provision of competitive logistic and storage services, particularly through the Dubai Tea Trading Center (DCTT) in Jebel Ali Free Zone, one the most important international tea re-export hubs.