Bin Sulayem: Dubai is quickly recovering from the consequences of "Corona"
Dubai Customs completes 11.2 million transactions within 9 months
Dubai Ports and Customs are working in an integrated manner to develop systems that accelerate the flow of foreign trade movement in the emirate.
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Customs transactions completed by the Dubai Customs Department achieved strong growth during the first nine months of this year, at a rate of 24.5%, with a total of 11.2 million transactions, compared to about nine million transactions in the same period in 2019.
The department stated in a statement yesterday that these data are a clear confirmation of the ability of the local economy to transform challenges into opportunities, while Dubai continues to rapidly recover from the consequences of the "Covid-19" pandemic, in light of the diversity and flexibility of its economy that has established the emirate's position as a destination. Global attractiveness for business, investments and capital.
Fast recovery
Sultan Ahmed bin Sulayem, Chairman and CEO of the Dubai Ports World Group and Chairman of the Ports, Customs and Free Zone Corporation, said that Dubai has demonstrated a great ability to quickly recover from the repercussions of the current global crisis, as global investors continue to trust the strength of the economy of Dubai and the UAE in general, thanks to the policies. The discreet government, and the steps that His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai directed, to launch the development process over the next 50 years, with ingredients that are the best in the world, starting from various logistical services, through ports, airports and road networks And transportation, in addition to initiatives that stimulate business and attract foreign direct investment.
He added: “The commercial sector in Dubai plays a pivotal role in supporting the economic structure, and we are working in the Ports, Customs and Free Zone Corporation in an integrated manner to develop systems and programs that accelerate the completion of transactions and the flow of foreign trade movement to the emirate, and we were able, thanks to the advanced technology that we have invested in decades ago. , From performing our duties during the remote work phase to the fullest extent, ”stressing that Dubai continues to consolidate its position as a major hub on the international trade map, and an attractive destination for major investors and international companies.
Smart Channels
For his part, the Director General of "Dubai Customs", Ahmed Mahboob Musabih, revealed that 99.3% of customs transactions, with 11.2 million transactions, were carried out through smart and electronic channels.
He emphasized that the development systems and projects invented by Dubai Customs are widely praised by the World Customs Organization, which considered it a pioneering model to be emulated, pointing out that the department culminated in its efforts in the customs development sector by obtaining the first place in the world and winning the award of “Best Entity for Project Management in The World 2020 », in the international competition organized by the Global Project Management Alliance, at a time when« Dubai Customs »establishes its future projects on the technologies of the fourth industrial revolution, such as artificial intelligence and blockchain, to facilitate operations and automate customs procedures to reduce costs for dealers and increase returns on Their business operations.
Musabih added: “The activity of the commercial sector of the emirate and the various customs transactions and services accomplished by (Dubai Customs), within nine months, reflected the efficiency of Dubai’s smart and rapid handling of the challenges that the new Corona virus brought around the world, thanks to the development and economic vision that the emirate pursued over the decades. The past, what makes it safe from the worst in the repercussions of this global crisis ».
Business registration
The services of business registration applications, completed by Dubai Customs from the beginning of the year until the end of September 2020, confirm that Dubai will remain the focal point for the movement of money and business and commercial flows in the region, as this service has achieved growth, despite the emergency and current circumstances in the world. Exceptionally, by 84.5%, for the first nine months of this year, to 201 thousand applications, compared with 109 thousand applications for the same period last year.
The service of submitting a claim for recovery of 648,000 transactions, the service of requesting a certificate and reports of 357,600 transactions, and booking an inspection appointment for 257,000 reservations.
Customs data
The customs declaration service recorded a 33% jump, to exceed 9.7 million customs statements during the first nine months of this year, compared to 7.3 million customs statements for the same period of 2019.
During the first quarter of this year, the number of customs statements reached 3.4 million customs statements, compared to 1.9 million customs statements for the same period last year, while the second quarter recorded 2.8 million customs statements compared with 2.2 million customs statements, while the third quarter recorded 3.4 Millions of customs declarations, compared to 3.1 million customs statements for the same period last year.
The completion of the customs declaration via the smart workspace platform, which was created and developed by Dubai Customs, takes no more than five minutes, and customs transactions can be completed and procedures cleared from anywhere, at any time around the clock, via smart applications.
Dubai's economy is characterized by diversity and flexibility, which have established the emirate as a global destination for investments and capital.
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