Page 397 - MOE ENGLISH PR REPORT - MAY 2025 ( Part 2)

5/22/25, 4:40 PM UAE investments in Belarus exceed $4 billion as Northern Waterfront project progresses
During talks with Prime Minister Turchin, Al Zeyoudi highlighted the significant growth of non-oil trade
between the UAE and Belarus, which surged by 483 percent from 2023 to 2024, reaching an all-time high of $3.9
billion. This substantial increase can be attributed to the UAE’s economic partnership agreement with the
Eurasian Economic Union (EAEU), which has created new avenues for collaboration and investment between
the UAE and Belarus, along with the other members of the economic bloc, including Russia, Kazakhstan,
Kyrgyzstan, and Armenia.

Al Zeyoudi reaffirmed the UAE’s commitment to fostering closer economic ties with Belarus, expressing
optimism about the potential for increased non-oil trade flows and investment opportunities in both countries.

“The UAE is keen to explore new avenues for collaboration that will benefit both our economies. The
exceptional growth in our non-oil trade relationship is a testament to the strength of our partnership, and I look
forward to further enhancing these ties over the coming years,” he added.

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