Saed Al Awadi, CEO of the Dubai Export Development Corporation, one of the Dubai economic institutions, expects that the value of Dubai's foreign trade will double during the second half of this year to reach 1.3 trillion AED at the end of the current year.
According to Emirates Today, Al-Awadi confirmed that Dubai has succeeded in dealing with the repercussions of the Corona pandemic on the export movement, indicating that the pandemic strengthened the diversification of the emirate's foreign trade, explaining that Dubai succeeded in avoiding the negative consequences of the pandemic.
Al-Awadi suggested that the improvement in trade and economic indicators will continue during the coming period, with positive expectations of an economic boom during the end of next year, as a reversal after the elimination of the Corona virus.
Dubai's non-oil foreign trade decreased to about 551 billion dirhams, by 19% during the first half of this year compared to the same period in 2019.
