Transport and Logistics ME
Abu Dhabi’s Non-Oil Trade Booming
Global News

Abu Dhabi’s Non-Oil Trade Booming

New figures show growing supply chain prowess for Emirate

TLME News Service

Abu Dhabi's non-oil foreign trade has been shown to be booming, according to new figures covering H1 2018.

Figures from the Statistics Centre - Abu Dhabi, show a US$ 21.8 billion (AED80.1 billion) figure, with the month of June recording a growth of 30%.

The figures translate to a 10.5% year-on-year growth, and show the overall UAE drive to move from a post-oil economy to one of innovation and trade is moving along successfully.

Abu Dhabi's manufacturing supplies recorded 89.3% of exports during H1, showing a healthy and growing sector.

Abu Dhabi is quickly becoming one of the world’s most innovative areas for supply chain operations and trade, with Dubai’s Federal Competitiveness and Statistics Authority (FCSA) recently signing a strategic partnership agreement with Abu Dhabi Ports to support the UN World Data Forum 2018.

The Data Forum will be held in the UAE in October 2018.

Abdullah Nasser Lootah, FCSA Director-General and Chairman of the UN World Data Forum 2018 Organising Committee, said: "Effective, efficient and accurate data collection improves the performance and efficiency of the logistics sector.

“It is a vital contributor to sustainable economic development as it leads to the formulation of long-term plans and strategies that support transport and shipping.

“As well as strengthening the logistics sector's role as a vital resource for local economies, it is a key factor in maintaining the UAE's leading position on global competitiveness indicators.

Exclusive Interview: Ross Thompson, CCO, Abu Dhabi Ports

"The participation of Abu Dhabi Ports in the United Nations World Data Forum is of particular importance as it contributes to highlighting the UAE's achievements in the use of statistical data and information.

“The organisation's inclusion places a spotlight on the development of the UAE's world-class port sector and showcases its role in meeting the growing demands of maritime transport and logistics.”

Read more: ADNOC to Expand Abu Dhabi City