His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, introduced on his official account on X that the UAE’s overseas commerce has reached a historic milestone, touching AED 3 trillion for the primary time by the tip of 2024.
HH.Sheikh Mohammed bin Rashid acknowledged, “My brother, His Highness Sheikh Mohammed bin Zayed, has spent years strengthening financial ties with nations worldwide… At the moment, we see the outcomes.”
Whereas international commerce grew by simply 2% in 2024, the UAE’s overseas commerce expanded at seven instances that price, attaining a formidable 14.6% progress.
HH.Sheikh Mohammed bin Rashid added that the Complete Financial Partnership Agreements, led by Sheikh Mohammed bin Zayed, added AED 135 billion to the UAE’s non-oil commerce with associate nations—an distinctive 42% improve in comparison with the earlier yr.
“In 2021, we set a objective of reaching AED 4 trillion in annual overseas commerce by 2031. By the tip of 2024, we’ve got already achieved 75% of that concentrate on. At this tempo, we’ll attain it years forward of schedule,” HH acknowledged.
Highlighting the UAE’s future imaginative and prescient, HH famous, “The UAE is shaping its personal financial future, specializing in progress over politics. Our precedence is to strengthen financial partnerships with nations around the globe—as a result of prosperity is constructed on stability.”
HH.Sheikh Mohammed bin Rashid concluded, “The UAE has a transparent imaginative and prescient and daring ambitions. On this world, success belongs to those that know precisely the place they’re headed.”
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