Dubai non-oil foreign trade achieves a Dh2 trillion target ahead of the deadline
Dubai has achieved a noteworthy historical milestone in its global commerce beyond oil, having surpassed the Dh2 trillion goal set by the Dubai Ruler and Council in 2020.
Declaring this accomplishment, Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister, and ruler of Dubai, praised the emirate for its fortitude in facing unprecedented difficulties.
Despite initial concerns raised by his team about the ambitious target amidst the onset of the COVID-19 pandemic, Sheikh Mohammed emphasised the importance of innovation and adaptability during crises. Drawing from his own experiences, he underscored the value of crises as opportunities for growth and innovation, encouraging a mindset of thinking beyond conventional boundaries.
Following the establishment of the Dh2 trillion target, Dubai launched numerous initiatives, formulated policies, and effectively managed the challenges posed by the pandemic. Sheikh Mohammed credited the success to divine blessings and perseverance, expressing gratitude for achieving the goal one year ahead of schedule.
This achievement reflects Dubai's commitment to resilience, innovation, and proactive measures in navigating global challenges, reaffirming its position as a leading hub for international trade and commerce. By surpassing the Dh2 trillion non-oil foreign trade target, Dubai has demonstrated its ability to overcome adversity and thrive in a rapidly evolving global landscape.
The milestone underscores Dubai's significance as a key player in the global economy, with its strategic location, state-of-the-art infrastructure, and business-friendly environment attracting businesses from around the world. Despite the disruptions caused by the pandemic, Dubai has remained steadfast in its pursuit of economic growth and diversification.
Dubai hopes to expand on this accomplishment in the future by keeping up progressive legislation, encouraging innovation, and solidifying its status as a hub for international trade and investment. Dubai is well-positioned to overcome upcoming difficulties and exploit chances for sustainable growth and prosperity thanks to its tenacity and visionary leadership.
Moreover, Dubai's achievement of surpassing the Dh2 trillion non-oil foreign trade target is a testament to its resilience, innovation, and forward-thinking approach. As it looks to the future, Dubai remains committed to driving economic growth, diversification, and prosperity for its residents and businesses alike.