Thursday 10 April 2014

Dubai Grows as a Tea Trading Hub, But Innovation Lags - Middle East Real Time - WSJ

Dubai Grows as a Tea Trading Hub, But Innovation Lags - Middle East Real Time - WSJ:



"Imports and exports of tea through Dubai doubled last year to 129,000 tons, by the reckoning of the Dubai Multi Commodities Centre, further solidifying the emirate’s reputation as an important point of transit and processing for the aromatic leaves.



Tea producers say they’re using Dubai as a place to gather leaves from Africa to the west and Asia to the east before blending, packaging, shipping and marketing them elsewhere. The DMCC has a tea center with facilities for them, while Dubai offers tax-free living and air connections to most of the world’s major cities.



While DMCC statistics saying Dubai was responsible for 60% of the world’s tea re-exports seemed “a bit high,” Christian Dinkler of Germany’s Martin Bauer Group, a teas and botanicals company, said the emirate was a logical place for tea-industry players to set up given its geographical position and ease of doing business.



“They have a perfect setup here,” he said."



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