Dubai’s non-oil trade with Africa from 2011 until the end of 2019 will surpass 1 trillion dirhams ($272.3 billion) according to Majid Saif Al Ghurair, Chairman of Dubai Chamber.

From 2011 to 2018, non-oil trade reached 926 billion dirhams, Al Ghurair said at the fifth edition of the Global Business Forum Africa in Dubai.

“The African market is a market of strategic importance to Dubai and a key focus of Dubai Chamber’s expansion strategy and we are closely monitoring developments and the business climate in Africa to identify growth opportunities available for our members,” Al Ghurair said, underlining the huge potential to boost UAE-Africa trade and investment flows following the launch of the African Continental Free Trade Area earlier this year.

Dubai is well-equipped to support Africa’s next phase of growth and development, especially as the emirate offers valuable expertise in several key sectors, including logistics services, infrastructure, retail, tourism and finance, he said.

(Reporting by Gerard Aoun, editing by Seban Scaria)

(gerard.aoun@refinitiv.com)

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