Page 383 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 2

2/20/25, 3:25 PM UAEs Non-oil Foreign Trade Continued Its Upward Trajectory, Reaching AED3 Trillion In 2024: Al Zeyoudi - UrduPoint
75% of the AED4 trillion target set in the ‘We the UAE 2031’ national vision with

seven full years remaining."

“Of all the positive indicators, the most encouraging is the increasing contribution

of non-oil exports to our foreign trade. Last year, they climbed 27.6% in to reach a

record AED561.2 billion – nearly 70% of the AED800 billion target. Exports now

comprise 18.7% of total trade, up from 16.8% in 2023 and 14.1% in 2019. These
numbers confirm the pace and scale of our economic diversification plans, in

which we are investing new economic sectors, creating new products for export,

and establishing new means of long-term value creation," he added.

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He further stated, “The expansion of foreign trade is the centrepiece of our

national economic strategy and, through our Comprehensive Economic

Partnership Agreement (CEPA) programme, we are expanding opportunities for

our private sector by enhancing access to high-growth markets around the world.
In 2024, we have been able to see the positive impact of this program.

Total exports to CEPA partner countries reached AED135 billion in 2024, an

increase of 42.3% and contributing 24% of our total non-oil exports. India and

Türkiye are the two leading destinations for non-oil exports.”

Al Zeyoudi concluded, “Importantly, the record trade figures posted in 2024 reflect
the dynamism and agility of our economy, one that has remained open to

the world’s trade, talent and investment. Moreover, they underline the fact that we

are not only on the right path but paving the way for others to follow – and we look

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