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Dubai non-oil trade up 6.6% in Q1

Statistics released by Dubai Customs indicate the emirate's non-oil foreign trade grew 6.6% in the first quarter of 2012 to over Dhs298.1bn, compared with Dhs279.7bn during the same period last year, Khaleej Times has reported. "The growth is widely attributed to the implementation of several economic, tourism and construction projects, which also includes the development of modern infrastructure like customs facilities at ports and airports and the provision of more advanced services," said Ahmed Butti Ahmed, the executive chairman of Ports, Customs and Free Zone Corp. "These achievements all reflect Dubai government departments' effort to reinforce trade activity as Dubai foreign trade represents a big stake of the country's non-oil trade with the world by nearly 80%," Butti said.