Dubai’s foreign trade in IT hardware and software grows 35% to Dhs237bn in 2013

June 12, 2014 8:45 am

His Excellency Ahmed Mahboob Musabih, Director of Dubai Customs, opened the 1st HP Customs Forum, held by HP corporation at Oberoi Hotel in Dubai.

The event brought together prominent GCC customs officials, such as Sheikh Mohammed Bin Khalifa Al Khalifa, President of Bahrain Customs, and Mr. Abdulkarim Al Walei, Assistant Director General of Saudi Customs’ General Directorate for Restrictions and Tariffs, alongside a host of local and international HP officials.

Ahmed Mahboob, said, “The Emirate of Dubai is a leader in keeping pace with the latest high-tech IT applications and employing them in the service of economic and social development, under the wise leadership of H.H. Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai. Stemming from the sharp vision of His Highness Sheikh Mohammed, Dubai has made great strides towards becoming the smartest city in the world within three years. Transforming Dubai into the world’s smartest city will crown its experience and milestones in the IT realm, through to the implementation of mGovernment.”

He continued, “The project of transforming Dubai into the world’s smartest city is being accompanied by a remarkable growth in its foreign trade in IT hardware and software. In 2013, the various IT products traded between Dubai and the rest of the world saw a 35% growth rate and amounted to Dhs237bn, making up 18% of the emirate’s total trade volume which amounted to Dhs1.329 trillion in the same year. These figures show how active this sector is and how technology is becoming a fundamental aspect of life in Dubai. They also reflect Dubai’s prestigious position of as a global trade hub connecting the markets of the East and the West.”

It is expected, he said, “The IT sector will see a massive boom in the upcoming few years, in the light of the sizable projects planned to be executed in Dubai, ahead of Expo 2020. These projects include establishing new cities and tourist, commercial and real estate facilities.”

Dubai Customs’ Director further noted, “Dubai enjoys a legislation infrastructure that incites investment and trade, opening wide the door for global companies, particularly IT companies, to come aboard and join Dubai’s shift into the world’s smartest city.”

Mr. Mahboob underlined, “IT applications are widely used in facilitating Dubai’s foreign trade and achieving best results through a broad investment in cutting-edge technological and electronic equipment, made available to serve trade growth in ports, airports and border crossings. “We at Dubai Customs are committed to enhance Dubai’s commercial capabilities utilizing latest world-class IT applications in customs operations.” “IT applications provide a remarkable opportunity for developing customs work in areas of trade facilitation and expediting cargo clearance procedures, without compromising the safety and security of the community and economy,” he said.