The UAE’s foreign trade has surpassed AED 3tr ($817bn) for the first time ever, expanding at 14.6% in 2024. Having set a target of AED 4tr ($1.09bn) in foreign trade by 2031, the country has already achieved 75% of that goal within just three years.
In addition, Comprehensive Economic Partnership Agreements (CEPAs) - free trade agreements between two countries - contributed $37bn to the UAE’s non-oil trade, reflecting a 42% rise compared to 2023.
The remarkable progress is down to the nation’s focus on stability and sustainable growth, leveraging its clear vision and ambitious strategies as it continues to solidify its status as a leading global trade hub.
Gulf Economist Staff Writer