His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has announced the plans of the UAE government to expand its foreign trade by entering 25 new international markets.
His Highness Sheikh Mohammed took to Twitter to highlight the country’s trade achievements as well as the government’s aim to boost exports by 50% in the coming years.
His Highness approved the National Agenda for Non-oil Export Development, an integrated framework for efforts to increase UAE’s foreign trade, promote Emirati products and access new markets all over the world.
The Vice-President reaffirmed that the UAE is among the top 29 countries in foreign trade indicators and has a developed economic structure capable of coping with the changing global economy.
His Highness said UAE’s annual non-oil trade exceeds AED1.5 trillion with its logistics network in 400 global cities.
“Non-oil sectors contribute more than 70 percent of the national economy, stressing that the UAE aims to increase exports by 50 percent in the coming years,” His Highness added.
“On a federal and local level, we work as one team to take our national economy to new heights. God willing, the UAE will remain a global economical capital for the coming decades,” the Vice-President stressed.
