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Electric cables, iron ore lift Dubai-Oman trade to $5.2bn in H1 2019

Imports from Oman reached $707.9m, exports made $1.55bn, and re-exports rose to $2.96bn in H1 2019

Electric cables, iron ore lift Dubai-Oman trade to $5.2bn in H1 2019 [representative image]
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Electric cables, iron ore lift Dubai-Oman trade to $5.2bn in H1 2019 [representative image]

Trade between Oman, which is the UAE’s second-largest partner in the Gulf, and the emirate of Dubai climbed 11% to $5.2bn (AED19.2bn) in H1 2019, compared to the same period in 2017, according to latest figures released by Dubai Customs.

According to a Dubai Media Office report, electric cables, iron ore, gold, jewellery, phones, vehicles, computers, and petroleum oils topped the commodities traded between Dubai and Oman.

In H1 2019, imports from Oman reached $707.9m (AED2.6bn); exports made $1.55bn (AED5.7bn); and re-exports accounted for $2.96bn (AED10.9bn).

Trade between Dubai and Oman grew to $6bn (AED22.4bn) from January 2019 to July 2019.

Commenting on the trade figures, director general of Dubai Customs, Ahmed Mahboob Musabih, said, “We congratulate our brothers in the Sultanate of Oman on their 49th National Day, and we look forward towards more cooperation and mutual trade in the future.”

Musabih added: “We provide the clients at the Hatta Border Crossing with the best services and facilities. It is a very strategic crossing between the UAE and Oman, and we have equipped the centre there with the most advanced technologies and equipment to facilitate trade and traffic following the directives of HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai.”

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Construction Week - Issue 754
Nov 23, 2019