Dubai foreign trade in telephones hit Dh42.5 billion ($11.57 billion) in the first quarter of 2014, up by 126% compared to Dh18.8 billion recorded in the same period four years ago.
Consequently, trade in phones ranked first among other commodities traded in the emirate according to the latest statistics released by Dubai Customs for Q1 of the current year.
Dubai’s phones trade totalled around Dh163 billion in 2013, representing 12% of Dubai’s overall foreign trade volume.
“Because of the emirate’s advanced logistics services and great potentials and business opportunities offered by its markets and free zones, Dubai has become a major destination for regional and international telephones trade activity,” said H.E Ahmed Mahboob Musabih, director of Dubai Customs. “Amidst the global information and communications technology boom, Dubai stands as a leading trading hub through which the growing universal demand for latest phone gadgets is met.”
Juma Al Ghaith, executive director of Customs Development Division at Dubai Customs, stated "We work through continuous development of our IT applications to keep pace with Dubai's shift to smart technologies, by providing these technologies to our customers in order to give them access to all our services and our facilities in record time; this fast delivery helps augment their business returns. We seek to constantly streamline our smart tools and our website to stay abreast of the latest international standards on smart services, so as to practically contribute to Dubai's transformation into the smartest city in the world."