Dubai, United Arab Emirates - A trading legacy | KPMG | AE

Dubai, United Arab Emirates - A trading legacy

Dubai, United Arab Emirates - A trading legacy

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.

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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.”

© 2017 KPMG, KPMG LLP and KPMG Lower Gulf Limited, registered in the UAE and member firms of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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