CAIRO: Static center of Abu Dhabi “SCAD” has released its monthly report, which stated that non-oil merchandise trade through the ports of Abu Dhabi rose to Dh14.07 billion in January. According to the report, oil imports amounted to Dh11.67 billion (83.0 % of total) while non-oil exports stood at Dh1.33 billion (9.4% of total) and re-exports firm at Dh1.07 billion (7.6% of total). The report also shows increases of Dh0.60 billion, or 82.9%, in non-oil exports, and Dh 0.09 billion, or 8.8%, in re-exports of the total non-oil merchandise trade in January. A year-on-year comparison (for January 2012 against January 2011) showed a growth of Dh3.74 billion (36.2%) in total trade. “Machinery and transport equipments resulted in this increase, as Abu Dhabi will not depend for ever on oil trade as its source of income, there must be other alternatives to boost the economy of Emirates” an analyst told Bikyamasr.com. “All gulf- countries, are on board to enhance their economy growth, away of oil trade, Qatar took good steps in this matter, as its sovereign wealth fund continued to invest in international companies, which will have its good impact in far future, when oil and gas will run out.” Ahmed Al Hussein, macro- economic expert added. The 82.9% surge in non-oil exports was mainly due to an increase of Dh 0.47 billion in chemicals and related products, the report stated.
