To understand Dubai and its strategic focus on commodities trading, look at aspects of its past to see how central this business is to Dubai’s success.
Dubai began as a village centered on fishing and pearl trading and grew on the back of this trading legacy. However, as Sami Al Qamzi, Director General, Department of Economic Development (DED), says: “While retail trade has always played an important role in Dubai’s growth, it has undergone a major transformation and modernization in the last ten years. Trade has and continues to be one of the key pillars in the overall structure of our local economy and a main driver for its growth with the rising curve in trade volumes as an indicator of the success of its developmental strategies.”
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