The outlook for Dubai’s trading sector in 2012 is brighter compared to 2011, but slightly lower than the pre-crisis levels, a Dubai Chamber of Commerce and Industry survey revealed.
The survey, organised at the end of 2011 and based on a scale from one to 10, with the latter representing the highest rating, showed the average expectation rating for 2012, which was 5.8, increasing by only 0.1 from the corresponding score of 5.7 for 2011, and remaining lower than the pre-crisis levels by almost a point.
The survey’s findings came as the Dubai Statistics Centre forecast that the emirate’s non-oil trade would grow 20 per cent in 2012 to Dh1.32 trillion as exports and stronger direct foreign trade surged. In 2011, Dubai’s overall non-oil trade exceeded the Dh1 trillion mark to reach Dh1.1 trillion as foreign trade soared 21.7 per cent to Dh700.4 billion. In the first quarter, Dubai’s overall trade grew 6.6 per cent to Dh298.1 billion from Dh279.7 billion in the same 2011 period.
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