Dubai export agency is targeting the high economic growth countries such as Africa and Asia despite witnessing slow economic growth of the world.

As the world is facing a slower economic growth of around 3 per cent, Dubai is focusing on improving exporting to the countries with economic growth more than 7 per cent. Organization for Economic Co-operation & Development (OECD) is expecting a growth of 3.3 per cent in 2019 and 3.4 per cent in 2020 in the world economy.

Deputy CEO of Dubai Exports, Mohammad Al Kamali said that the world economy may be slowing down, but it’s not the case with all the countries that Dubai is targeting to export. Their companies will get better opportunities and market penetration to grow their business despite the economic slowdown of the world.

Pointing out to Africa, Kamali told that it’s full of opportunities with a high number of young population and continuous growth of mobile penetration. Over 40 per cent population is now moving to urban areas and, more than half of the population is under the age of 20.

The urbanization offers greater reach to the younger population, and with mobile technology, UAE companies can reach to more consumers in the African countries. Africa has already exceeded more than 800 million subscribers in mobile technology, and these numbers will continue to grow stated by Kamali.

China is the biggest trading partner of Dubai in 2018 with a trade of USD 38 billion, while India stood second with the trade of USD 32 billion. USA is in the third position with USD 22 billion of trade.