Around 2.26mn transactions were done through smart platforms
Despite the many challenges and hurdles facing the world market due to the outbreak of Covid-19, customs transactions in Dubai skyrocketed 60% to reach 4 million in Q1-2020, from 2.5 mnin the corresponding quarter last year.
“Thanks to a number of government strategies and stimulus plans, Dubai remains credible and trustful in the eyes of investors and businesses worldwide” said Sultan Bin Sulayem, DP World Group Chairman & CEO and Chairman of Ports, Customs and Free Zone Corporation.
Declarations saw the lion’s share of transactions completed by Dubai Customs in Q1-2020 at 3.4mn declarations compared to 1.9mn in the corresponding quarter last year, which translates as 79% growth.
This was followed by payment requests at 266,000 compared to 261,000 (2% increase). The third in the list was document and report requests which grew 5% to 147,000 compared to 140,000 in Q1-2019. Booking inspection date saw 106,000 requests, and business registration saw 74,000 requests to rise 100% from 37,000 in Q1-2019.
“The noticeable growth in transactions at Dubai Customs despite the current challenges is a very positive indicator of Dubai’s sustainable and resilient economy,” said Ahmed Mahboob Musabih, Director General, Dubai Customs.
Around 2.26mn transactions were done through smart platforms accounting for 56.6% of the total number and 1.7mn transactions were completed through online applications making up for 42.3% of the total.
