Dubai Customs Reaping Rich Dividends on Digital Investments
Digitalisation of trade facilitation is now fundamental and no longer a distant plan -Congratulations to Dubai Customs under the leadership of Ahmed Mahboob Musabih, Director General of Dubai Customs
Against All Odds Dubai Customs Transactions Skyrocket in 2020 - The number of customs transactions completed by Dubai Customs skyrocketed 36% in the first five months of 2020 to reach 5.9 million compared to 4.4 million transactions in the corresponding period in 2019.
This indicates that Dubai’s economy has continued its exceptional performance despite headwinds from a slowdown in global economic growth due to the coronavirus pandemic.
In May, Dubai Customs completed 1.1 million transactions compared to 994,000 in May 2019, growing 10.6%.
The growth reflects economic resilience and efficient response to coronavirus pandemic and its impact on economic sector in general, thanks to Dubai Customs’ highly advanced infrastructure, stimulus packages and smart services.
Customs declarations rose 42% in the first five months of this year to reach 5 million declarations compared to 3.5 million declarations in the corresponding period in the previous year.