Abu Dhabi’s non-oil exports, re-exports jump 62.5 pct

ABU DHABI / WAM

Abu Dhabi’s non-oil exports and re-exports reached AED32.8 billion between June and August 2020, up 62.5 percent compared to AED20.2 billion recorded between March and May this year, a report issued by the Abu Dhabi Department of Economic Development (ADDED) showed.
The report reveals the emirate’s exports and re-exports of non-oil goods amid the coronavirus pandemic, particularly between March and August 2020.
Mohammed Ali Al Shorafa, Chairman of ADDED, said, “The recent results showcase the growth in Abu Dhabi’s non-oil exports and re-exports despite the global repercussions of the Covid-19 pandemic, which led to the current economic crisis that has negatively affected all countries.”
Al Shorafa attributed the growth to the UAE capital’s economic and trade relations with countries in the Middle East and around the world. He added that these well-established ties demonstrate the confidence of the global community in and the rising demand for Abu Dhabi’s non-oil products. He added that the latest numbers have proved the regional and global competitiveness of local goods.
ADDED Chairman also reaffirmed the Abu Dhabi Government’s commitment to help sustain the performance of the private companies that benefited from its economic stimulus package that was issued earlier for businesses affected by the crisis. The government has also been proactive in implementing precautionary measures to ensure business continuity in the emirate and ease the impact of the global pandemic on the private sector.
ADDED’s Chairman noted that the Department will further work towards strengthening Abu Dhabi’s exports of various products and commodities to achieve tangible economic returns and enhance the global competitiveness of the national products. He assured that ADDED will continue to support the local economy and preserve the emirate’s economic gains in line with the vision and directives of the Abu Dhabi Government’s leadership.
For his part, Rashed Abdul Karim Al Balooshi, Under-Secretary of ADDED, highlighted the vital role of the Department and its government partners in increasing the local non-oil exports and re-exports.