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Dubai Exported Food Products Worth Dh3.5 Billion in 2008
DUBAI — The value of food products exported by Dubai rose by 17 per cent to Dh3.5 billion last year while re-exports recorded a 52 per cent jump to Dh4.1 billion during the same period compared to 2007.
Dubai exported food products worth Dh3 billion during 2007 while the emirates re-exports reached Dh2.7 billion during the same year, according to Dubai Export Development Corporation data. The food sector imports and re-exports showed significant growth between 2005 and 2008 at average annual rates of 30 per cent and 25 per cent respectively and exports grew at 14 per cent per annum.
Dubai’s total exports grew 6.5 per cent to Dh46.5 billion in the second quarter of 2009 compared to the previous three months, according to the Dubai Chamber of Commerce and Industry statistics released last month.
Exports to the GCC nations totalled Dh21.8 billion, accounting for 47 per cent of the total shipments during the second quarter, ending in June.
Sugar and confectionery ranked at the top of the list of food exports, making up 37 per cent of the export value of all food products. In a new move to encourage more local businesses to export food products around the world, Dubai Municipality will be hosting an ‘International Buyer’s Centre’ at Sweets Middle East, which takes place November 2-4, 2009 at Dubai International Convention and Exhibition Centre.
“The UAE has many great food products to sell to the world,” said Bobby Krishna, Senior Food Studies Officer, Dubai Municipality.
“Dubai was built around the trade industry, and with the Arab Free Trade Agreement and the close proximity of our neighbours, we are well positioned to export many great products to the region,” he said.
“Sweets Middle East plays an important role in attracting new trade opportunities to the confectionery industry in Dubai,” said Mark Napier, Exhibitions Director, Dubai World Trade Centre.
“Dubai has traditionally been known for its food imports, and while Dubai Municipality will be able to offer invaluable advice to our international clients, we will also welcome many local companies looking to export more products around the GCC.”
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