The UAE has showcased its prowess on the worldwide economic front yet again, with its foreign trade reaching an astonishing attribute of Dh5.23 trillion in 2024, which is a 49% increase from the Dh3.5 trillion (USD 949 billion) recorded in 2021.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, revealed this achievement on Sunday, based on the WTO data, stating, “It is a milestone achievement that emphasizes the priorities of our vision for the future.”
As A Testament To Economic Vision
Sheikh Mohammed fueled marks as the foundation for the UAE as a trade center ‘The UAE has become a central hub for global trade’ fueled by policies and infrastructure and leaping trade value.
Key Drivers Of The Growth
An underlying factor for the growth is the United Emirates Geography, as well as their world class transport and logistics infrastructure that constantly open doors for global traders and investors. However, Diversified trade relationships across continents places the UAE in a whole different vision and opens unending possibilities in ports and free zones with a conducive business environment add to the fire.
Encouragement of non-oil digital sector trade transformation puts forth UAE as the most favorable business hub, alongside the stable regulatory frameworks setting guideless.
Positioning the UAE Globally
This unprecedented figure in trade not only boosts the UAE’s position as one of the foremost countries in international trade, but also aligns with Vision 2031 goals of expanding the GDP and ranking the nation among the top economies globally.
The UAE’s bold initiatives as well as newly formed international partnerships are remarkable strides towards rapid and sustainable economic growth. 🌟🌍📊
