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Agency of the Department of Economic Development (DED) said that UAE trade with GCC countries is estimated at Dh95 billion in 2012 up 28 per cent compared to the previous year, while non-oil trade has remarkably increased in the last ten years to Dh469.1 billion.
CEO of Dubai Exports, Saed Al Awadi said that Qatar is a major trade partner to the UAE as it represents 16 per cent of the overall trade with GCC. added “Qatar’s trade with UAE grew by 50 per cent to Dh9 billion in 2012 from Dh6 billion in 2011 while export between the two countries alone has reported 31 per cent increase in 2012 compared to 2011.”
In the Intra GCC Trade Partnership Summit, which was organised by Dubai Exports this week, Al Awadi talked about Qatar’s market contribution to the GCC construction sector as well as a potential for cooperation in areas of expertise and manpower, currently Qatar has projects worth $150 billion (Dh550.5 billion) in the construction and commercial sectors.
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