The Honourable The UAE, led by President His Highness Sheikh Mohamed Bin Zayed Al Nahyan, is continuing to reach previously unheard-of milestones in its non-oil foreign trade, according to Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai.
The Honourable “A few years ago, we set ambitious national economic goals, aiming for Dhs4 trillion in foreign trade by 2031—a goal that was seen as highly challenging at the time,” said Sheikh Mohammed Bin Rashid Al Maktoum.
The data for the first half of 2024 reveals that, prior to the COVID-19 pandemic in 2019, our exports in just six months matched our annual export total. In these six months, our foreign trade has reached Dhs1.4 trillion, with a 25% increase in non-oil exports. By the end of this year, we want to have Dhs3 trillion in non-oil foreign trade.
The Honourable “Our economic relations with various countries have strengthened,” Sheikh Mohammed Bin Rashid Al Maktoum added. “Trade has increased by 10% with India, 15% with Turkey, and 41% with Iraq, making Iraq the top destination for UAE exports, followed by India, Turkey, and other countries.
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