Think of unstoppable progress in the Middle East and the first name that springs to mind would be Dubai, a flourishing Emirate of UAE. Companies from around the world have made their presence felt in Dubai a nodal point for the entire GCC & MENA regions. UAE is creating history across transnational borders as the hub for Asia, Europe & Africa.
WELCOME TO UAE, THE WORLD’S 3RD LARGEST
RE-EXPORTER OF PLASTICS
As per the Ministry of Foreign Trade, UAE exports of plastics grew by 127 % ($2.2 billion) and it produces 25 % of all plastics produced within the GCC. There are about 600 plastics factories in UAE alone. 41 countries receive UAE exports of plastics worth over $10 million each, with India in first place, receiving $195 million worth of the product from the UAE (11 % of the UAE’s overall plastics exports) followed by China, which received $149 million (8%).
While UAE’s imports of plastics reached $3.4 billion in 2011, up by 17.2 % 2010. Global trade of plastics exceeded the $1 trillion mark in 2011, reaching a total of $1.11 trillion, with imports and exports having around a 50 % share each. China alone owns a 10.4 % share ($115.6 billion) of the world’s plastics trade, followed by Germany ($105.6 billion) and the United States of America ($100 billion), with all three combined being responsible for a third of the world’s plastics trade.