Dubai to increase foreign trade value to AED 2trn

UAE - Mubasher: Dubai has adopted a five-year plan to increase the value of its foreign trade to AED 2 trillion from AED 1.4 trillion, Sheikh Mohammed bin Rashid Al Maktoum, the UAE Vice President, Prime Minister, and Ruler of Dubai, said on Tuesday.

This plan was announced during the Dubai Council meeting chaired by Sheikh Mohammed bin Rashid.

During the meeting, the full restructuring of the Dubai government has been approved to become more flexible and efficient.

Meanwhile, the Ruler of Dubai has also approved the restructuring of the Dubai Chamber and the formation of three separate chambers.

The three separate chambers comprise the Dubai Chamber of Commerce, the Dubai Chamber of International Trade, and the Dubai Chamber for Digital Economy.

In the meantime, the Dubai International Trade Roadmap, including shipping and air routes connecting over 400 cities, was also adopted to add 200 more cities to the network.

Mubasher Contribution Time: 23-Mar-2021 13:27 (GMT)
Mubasher Last Update Time: 23-Mar-2021 13:28 (GMT)