Dubai commerce exceeds 300 million transactions

dubai trade, The leading trade facilitation center in the UAE has completed 300 million transactions since the platform was established in 2003, eliminating approximately 617 million paper documents and saving 25,400 metric tons of CO2 emissions.

The achievement comes after a record year in 2023, which saw Dubai Trade record 32.6 million transactions compared to 26 million the previous year, representing an increase of 25%. Of these, 48% of the transactions were related to clearance and border controls, and 44% corresponded to cargo handling and logistics.

Dubai Tradethe digital arm of DP World in the GCC region, has consistently demonstrated solid growth since its inception, with an average 8% year-on-year increase in annual digital transactions since 2003. Today, Dubai Trade It facilitates nearly 90,000 transactions daily.

Sultan Ahmed Bin Sulayem, Chairman and Group CEO, DP Worldsaying:

“Dubai Trade’s remarkable growth since 2003 reflects our strategic focus on improving trade flow through digitalization, which is aligned with Dubai’s D33 Economic Agenda. By integrating key stakeholders and driving trade activity through our one-stop platform, we have significantly improved trade efficiency, contributing to Dubai’s non-oil foreign trade goal and supporting sustainability goals at the same time.”

Mohamed AbuHamra, COO, Digital Technology, DP World GCCsaying:

“We are delighted to surpass the 300 million transaction mark, which is a testament to the pivotal role Dubai Trade has played in supporting economic activity and the digitization of the trade and logistics industry in Dubai over the last few years. Two decades. “Our continued investment in digital infrastructure and smart solutions is aimed at making cross-border trade in Dubai seamless, faster and more accessible, and we look forward to even more success as we continue to transform our one-stop-shop platform.”

Dubai Trade was created to bring together various trade and logistics service providers on a single digital platform. Today, it has a user base of more than 180,000 merchants and a comprehensive digital ecosystem that offers more than 700 digital solutions, including customs clearance, government permits, port clearance certificates, business licenses and free zone administrative services. .

Some of Dubai Trade’s achievements in 2023 include:

• Commerce and Logistics: 22,420 new clients registered on the platform in 2023, which represents an increase of 17% compared to the number of new registrations in 2022.
• Payment gateway: The payment system of the digital platform, rosary beadssaw a 32% increase in transactions, reaching 3.3 million in 2023 compared to 2.5 million in 2022. The total value of these payments grew by 40% to over AED 2 billion.
• Supply Chain and Logistics Academy: Dubai Trade’The educational academy, which offers courses and workshops for the trade and logistics sector, trained 5,500 candidates in 2023, more than double the 2,500 candidates in 2022.
• Sustainability: Through the continuous digitalization of services, Dubai Trade eliminated the need for approximately 25.5 million physical visits and 85 million paper documents, saving time, fuel and approximately 3,450 metric tons of carbon dioxide emissions.

News source: Dubai Press Office