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Sharjah’s external commerce soars as new SEDD 2006 figures show 13 per cent increase – now AED 29.5 billion

United Arab Emirates: Sunday, June 10 - 2007 @ 15:16

The main factor in establishing such impressive growth is related to the Emirate’s increase in exports – AED 16.8 billion in 2005, up to AED 18.9 billion in 2006 (recording an average increase of 12.5%). With respect to export commerce (including transit), recorded average growth reached 12.1%, increasing from AED 9.1 billion in 2005 to AED 10.2 billion in 2006.

“Year after year, all indications lead to an increase in the volume of external commerce in Sharjah,” said Mr. Ali Bin Salem Al Mahmoud, Sharjah Economic Development Department General Manager. “This reveals the place that Sharjah is occupying between other countries, and the truth of the department policy in consolidating and widening the appeal of our Emirate’s external commerce.”

Pulled apart, these new figures show that Sharjah has recorded an increase of 30% in external commerce with GCC countries. This is reflected within figures of AED 2 billion in 2005 to AED 2.6 billion.

Geographically speaking, the main source for Sharjah imports is from India. Figures show that it has now reached AED 6.3 billion – which forms 33.3% of the total imports. In terms of re-export, Iran comes in the first place with AED 1.9 billion, followed by Iraq in the second place with AED 1.4 billion, and KSA in the third place with AED 655 million.

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Sunday, June 10- 2007 @ 15:16 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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