300 German companies operate in Dubai
Ahmed Mahboob Musabih, Director General. Dubai Customs, recently held a videoconferencing meeting with a German delegation headed by Holger Mahnicke, German Consul General to Dubai, to discuss means of enhancing mutual economic cooperation and trade between Dubai and Germany, the role of Dubai Customs in supporting supply chain and the customs facilities provided.
The two sides covered major matters including the stimulus packages launched by the Federal Government and Dubai Government to support the business activity and to mitigate the impact of the pandemic. They also talked about the measures taken by Dubai Customs to back the global supply chain and the business and trade groups in Dubai.
Mutual trade between Germany and Dubai grew 13.2% in the last ten years (2011-2020) from AED 21.7bn to AED 24.6bn. Data for the last year revealed that imports from Germany had the lion’s share at AED 20.6bn, followed by re-exports at Dhs2.57bn and exports at AED 1.38bn.
“Ertibat is a transparent and solid platform that enable us foster our relationships with foreign business sectors and provide them with the best services and facilities,” remarked Musabih
There are 300 German companies operating in Dubai. He expressed optimism about the future of the economic and trade sector in the UAE, with the UAE prepared to host major international events including EXPO 2020.
The meeting also focused on Cross Border e-Commerce. The innovative platform utilizes block chain technology to integrate and automate operations between Customs, Free Zones, logistics, and courier companies.
