Dubai said Saturday that customs transactions rose by 24.5% over the first nine months of 2020, reflecting the strength and resilience of the economy.
The number of transactions processed by Dubai Customs reached 11.2 million in the period between January to September, compared to 9 million in the corresponding period last year.
"Dubai has shown great potential to bounce back strongly from the effects of the COVID-19 pandemic," said Sultan bin Sulayem, DP World Group Chairman & CEO and Chairman of Ports, Customs and Free Zone Corporation.
"This is reflected in the continued confidence of global investors in the strength and resilience of the economies of Dubai and the UAE,” Emirates News Agency (WAM) quoted him as saying.
"We are heading into the next 50 years with world-leading multimodal infrastructure and logistics capabilities, as well as substantial stimulus strategies and initiatives that are helping shape our country’s economy into one of the world’s best,” he stated.
He added that Dubai is one of the best trade and logistics hubs in the world, and provides a highly attractive environment for leading international investors and businesses.
Director General of Dubai Customs Ahmed Mahboob Musabih also said the strong investment in advanced technologies and efficient governance programs over the years have allowed for the completion of 99.3% of transactions through smart and electronic channels (61.3% smart, 39.28% electronic), with on-the-counter physical transactions accounting for as little as 0.7%.