22.5 C
Dubai
Saturday, November 23, 2024
spot_img

Dubai Customs transactions increase by 53% to 11 million in the first half of 2020 – Dubai Blog

[ad_1]



Dubai’s rapid recovery from the effects of COVID-19 in different economic sectors is attributed to the flexible strategies and plans followed by the Emirate in the face of the pandemic, as well as the support of the Deputy Chief Sheikh Mohammed bin Rashid Al The energetic and wise move directed by His Highness Le Maktoum is the President, Prime Minister and Ruler of Dubai.

The growth of the trade sector has exceeded the period before COVID-19. Dubai Customs completed 11.2 million transactions in the first half of 2021, a 53.4% ​​increase from the 7.3 million transactions in the same period in 2020. This reflects a multifunctional and resilient economy that can absorb the severe shocks caused by the pandemic. It also reflects Dubai’s important role as a global trading center, and the resilience of its infrastructure and systems to respond to severe challenges including COVID-19.

“Dubai is leading the way to global recovery. The emirate’s non-oil foreign trade increased by 10% from AED 323 billion in the same period in 2020 to AED 354.4 billion in the first quarter of 2021,” said Ahmed Mahboob Musabih, Director General of Dubai Customs Express. “We are doing our best to develop systems and procedures to expedite the completion of transactions and the flow of foreign trade in the emirate. This is part of our quest to realize the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, which is to reach 2 in foreign trade. A trillion dirham milestone.” “Dubai’s trade sector plays a key role in supporting the economy. We work hard in Dubai to ensure the continued success of the industry and help Dubai maintain its global leadership as a global business and investment center Status. We have developed a number of plans and programs to promote trade, including the “Electronic Departure/Entry Confirmation” program recently launched in cooperation with DP World in the UAE. This project simplifies the process of submitting refund claims at Dubai Customs and saves time And cost, while further accelerating the export of various commodities.

“Dubai Customs has launched 24 initiatives to provide services to visitors and exhibitors of Expo 2020 Dubai. These initiatives are fully integrated with the systems of other government partners.”

Dubai Customs completed 11.16 million transactions (99.6%) through smart and electronic channels. Nearly 7.9 million customs transactions (70.8%) were completed through smart channels, 3.2 million (28.8%) were completed through electronic channels, and only 41,800 (0.37%) transactions were completed manually.

In the first six months of this year, the number of customs declarations increased by 66.6% to 10 million, compared with 6 million in the same period last year. This means that there are more than 55,500 statements per day on average. Without an excellent technical structure including advanced smart workspaces, it would be impossible to achieve this large number. This structure helps to complete the declaration in an average of four minutes.

The transaction also included 475,900 claims, 298,000 certificate and report requests, 139,800 customs inspection date booking requests, and 110,600 business registration requests.

[ad_2]

Source link

Related Articles

Gusteau Foods Transforming the Food Industry with Passion and Innovation

In a world where the demand for convenience and quality often seem at odds, Gusteau Foods Pvt Ltd, led by the visionary entrepreneur Karthick...

From Seed to Superfoods The Inspiring Journey of Bharat Budhiraja and Urbana Superfoods

In a world teeming with fast-paced food trends, Bharat Budhiraja is charting a unique path with his brand, Urbana Superfoods, owned by Krish Perennials Pvt....

Dubai Dominates: Secures Top Spot in Middle East and Africa for 2024 Global City Index, Leading the Region for Second Year

Dubai has once again demonstrated its rising global influence, being recognized as the leading city in the Middle East and Africa in the 2024...

DEWA Hatta Hydroelectric Project Nears Completion: A Milestone in Dubai’s Renewable Energy Vision

DEWA , Dubai Electricity and Water Authority ,recently announced that its ambitious hydroelectric power plant in Hatta is nearing completion, with 94% of the...

Innovate Visa Solutions Your Trusted Partner in Global Immigration Services

Innovate Visa Solutions Your Trusted Partner in Global Immigration Services Innovate Visa Solutions has established itself as a leader in immigration services, providing expert support...

Latest Articles