Dubai Private Sector Trade with Iraq Soars

By John Lee.

Dubai’s overall exports and re-exports from the private sector to Iraq rose by more 350 percent to value $11.4bn in 2012, according to data from the Dubai Chamber.

Trade with Libya was up by 300 percent, while trade with Turkey doubled.

The Chamber’s director general, Hamad Buamim, said Dubai accounts for 75 percent of the UAE’s private-sector trade. Around 70 percent of goods imported into the emirate are re-exported.

(Source: Arabian Business)

(Picture: Hamad Buamim, Director General, Dubai Chamber)

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