DUBAI: The United Arab Emirates’ non-oil foreign trade has surpassed $1 trillion for the first time in its history, marking a major milestone for the Gulf state’s diversification drive, Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum said on social media platform X.
Sheikh Mohammed, who is also the UAE’s vice president and prime minister, said non-oil trade reached 3.8 trillion dirhams, recording a 26 per cent increase compared with the previous year.
According to the figures he shared, the UAE’s non-oil exports climbed to 813 billion dirhams, posting a strong 45 per cent growth year-on-year.
He said the targets set for 2031 have already been 95 per cent achieved five years ahead of schedule, reflecting what he called a maturing investment environment and expanding global partnerships.
“The investment ecosystem is complete, international partnerships have doubled, and cooperation with the private sector has strengthened,” Sheikh Mohammed said, expressing confidence in further improvements to the UAE economy.
He also urged national teams to accelerate work and deepen partnerships with the private sector to build a stronger economic future.
