Dubai Customs completes 5m transactions in Q1, 2021
DUBAI, 1 hours, 45 minutes ago Dubai Customs completed 5 million transactions in Q1 this year, according to latest figures. This is equivalent to double the number of transactions in the corresponding period in pre-pandemic 2019, and 20% more than Q1 2020, in which 4 million transactions were completed. “We will target new international markets and attract more foreign investments to achieve Dubai vision of raising trade to $2 trillion in the next 5 years following the directives of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai,” said Abdullah Mohammed Al Khaja, Executive Director of Clients Management Division.
Dubai Customs completes 5m transactions in Q1, 2021, growing 20%
DUBAI, 17th April, 2021 (WAM) Dubai Customs completed 5 million transactions in Q1 this year, according to latest figures. This is equivalent to double the number of transactions in the same period in pre-pandemic 2019, and 20% more than Q1 2020, in which 4 million transactions were completed. We will target new international markets and attract more foreign investments to achieve Dubai vision of raising trade to 2 trillion dollars in the next 5 years following the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, said Abdullah Mohammed Al Khaja, Executive Director of Clients Management Division. We will actively participate in achieving the objectives of Dubai Strategic plan 2030 through building on what has so far been achieved in the emirate, which turned it into a regional and global hub for trade and tourism.
Dubai: Dubai Customs has announced the completion of 5 million transactions in Q1 this year, according to latest figures.
This is equivalent to double the number of transactions in the same period in pre-pandemic 2019, and 20 per cent more than Q1 2020, in which 4 million transactions were completed, according to a Dubai Customs statement on Saturday. Figures of Q1 are very positive and they reflect not only a quick recovery from the pandemic, but also an outstanding growth. Economic performance is expected to grow four percent this year, said Abdullah Mohammed Al Khaja, Executive Director of Clients Management Division.
Customs declarations grew 24 per cent in Q1, 2021 to 4.47 million (50,000 declarations a day on average) from 3.4 million in Q1, 2020. Payment requests came second at 238,400, followed by certificate and report requests at 141,800. Booking inspection date service received 76,700 requests and business registration service received 59,600 requests, he said.
Dubai Customs completed 5 million transactions in Q1 this year, according to latest figures. This is equivalent to double the number of transactions in the same period in pre-pandemic 2019, and 20% more than Q1 2020, in which 4 million transactions were completed.