Dubai Trade, the premier cross-border trade facilitator, has revealed substantial growth in the number of companies registered and the value of transactions carried out in 2015.
There were 113,354 companies registered with Dubai Trade, with over 19.5 million transactions during the year, 5% up on 2014. Dubai Trade’s secured ePayment gateway “Rosoom” recorded 1.1 million transactions amounting to AED 1.2 billon.
In line with its vision to enable seamless trade, Rosoom has adopted the second generation of the e-dirham system as an additional payment mode, adding to its security and flexibility. Through its portal, Dubai Trade is also offering access to more than 820 integrated electronic services covering a wide range of services from manifest and cargo handling through to invoicing and payments for different users including traders, shipping lines, forwarding agents, hauliers and Free Zone licencees.
HE Jamal Majid Bin Thaniah, Chairman of Dubai Trade, said “Consistency and commitment have always been part of our success. We have adopted the most innovative technologies to stay ahead in the world of trade and be ready for any new challenge.
Our courses and programs have also encouraged the sharing of our expertise reinforcing Dubai’s position as a vital trade hub and business leader.”
Dubai Trade provides high-quality training programs to support the trade and logistics community as well as portal users. It was voted the “Training and Education Provider of the Year” at the Supply Chain and Transport Awards (SCATA) 2015 for the third consecutive year as well as being internationally accredited by the Chartered Institute of Logistics & Transport. In 2015, 132 e-Services training sessions were carried out with 1,532 candidates. More than 260 individuals were also officially certified by attending The Certified Trade and Logistics Professional (CTLP) program. The year also witnessed the launch of the Certified Customs Broker (CCB), a professional course that provides an insight into customs laws and regulations in the region. Five sessions have been held with 65 graduates.
Meanwhile, Dubai Trade’s annual flagship event, the E-Services Excellence Award, announced a new theme and categories for smart services to encourage the use of mobile services alongside an innovation award to highlight the most innovative project in trade and logistics developed by companies based in the UAE.
To encourage innovation and trade and logistics processes, it also launched the Innovation and Idea Hub for staff.
Eng. Mahmood Al Bastaki, CEO of Dubai Trade, said “We encourage our people to develop their capabilities and come up with creative ways of reaching our goals and believe employee engagement can contribute to our success. Dubai Trade is a role model and has expanded to new markets by replicating our services in Algeria. We will soon unveil an electronic trade window that integrates all DP World Sub Continent terminals in India.”
Dubai Trade will continue to work on projects to further enhance and streamline trading processes such as improving the functionality of its portal to enhance the customer experience.
Upgrades to other services are also being developed. The Land Transportation Management System will also be offered soon for freight forwarders and shipping lines to match cargo transportation requirements and maximise truck availability. A new Warehouse Booking System providing an on-demand warehousing platform connecting companies that need warehouse space with warehouse operators is also in the pipeline.