Dubai electronics trade booms

Dubai’s trade in consumer electronics has grown.

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Dubai electronics trade booms Buamim: Saudi Arabia is key market.
By  ITP.net Staff Writer Published  October 14, 2012

Dubai’s trade in consumer electronics has grown from an estimated AED 24 billion in 2002 to AED 113 billion in 2011, according to data released by Dubai Chamber of Commerce and Industry. Dubai’s status as a re-export hub means its exports of consumer electronics were valued at approximately AED 48 billion last year. “Saudi Arabia, Iraq and Kuwait are the top three trade partners representing AED 24 billion, or over 50% of consumer electronics exports,” says H.E. Hamad Buamim, director general.

“The top markets have shown strong growth in recent years. For example, consumer electronics exports to Saudi Arabia from Dubai have increased at an average of 36% a year since 2008. Exports to other GCC countries have also seen rises: of at least 26% year on year to Kuwait and 36% year on year to Qatar in 2011 compared with 2010. Nonetheless, Saudi Arabia dominates export markets, accounting for 26% of Dubai’s consumer electronics exports followed by Iraq with 18% and Kuwait with 5.4%.”

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