Trade between Dubai and Israel reaches Dhs1 billion in five months
30 Jan 2021 Picture used for illustrative purpose. File
The start of the engagement between UAE and Israel is set to be a turning point in the economic and investment relationship between the two countries with mutual trade expected to grow to Dhs15 billion in the next few years, generating more than 15,000 jobs, said Sultan Bin Sulayem, DP World Group Chairman & CEO and Chairman of Dubai’s Ports, Customs and Free Zone Corporation.
According to Dubai Customs statistics, the emirate’s trade with Israel in the last five months (Sep 2020 -Jan 2021) reached a value of Dhs1 billion and a volume of 6.217k tonnes. Of this, imports were valued at Dhs325 million (718 tonnes), exports at Dhs607million (5.4k tonnes), and transit trade at Dhs98.7million (52.4 tonnes).
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