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'UAE non-oil trade crosses $1 trillion for first time'

UAE economy will continue to grow stronger.

The United Arab Emirates has achieved a major economic milestone as its non-oil foreign trade crossed $1 trillion for the first time, according to Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum.

In a message shared on social media platform X, Sheikh Mohammed said non-oil trade reached AED 3.8 trillion, showing a 26 percent increase compared to last year. He added that non-oil exports rose to AED 813 billion, recording a strong growth of 45 percent.

Sheikh Mohammed, who also serves as the UAE’s vice president and prime minister, said that 95 percent of the country’s economic targets set for 2031 have already been achieved five years ahead of time. He credited this progress to a strong investment environment and growing global partnerships.

 

He noted that the investment system has become more developed, international partnerships have doubled, and cooperation with the private sector has improved. Expressing confidence in the future, he said the UAE economy will continue to grow stronger.

Sheikh Mohammed also called on national teams to work faster and strengthen collaboration with the private sector to help build a more resilient and sustainable economy.

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