Page 323 - MOE ENGLISH PR REPORT - JANUARY 2025

In September 2021, the UAE announced plans to attract $150 billion in foreign investment,
following which it signed economic agreements with more than 20 countries.

The latest comprehensive economic partnership agreements (Cepas) were signed this month
with New Zealand, Malaysia and Kenya, Al Zeyoudi said.

Business is “manoeuvring and adapting” despite global trade disruptions over the past four years,
he said.

In December 2024, the UAE central bank said that real GDP growth is expected to remain stable at 4
percent in 2024, accelerating to 4.5 percent and 5.5 percent in 2025 and 2026, respectively.

• UAE economic growth to accelerate in 2025 and 2026
• UAE finalises trade deal with five-nation EAEU bloc

• UAE-Australia trade expected to triple after Cepa deal

Growth expectations are underpinned by strong performances in key sectors such as tourism,
transportation, financial and insurance services, construction, real estate and communication, the
bank said.
The Cepas that the UAE has signed with many countries have bolstered its trade partnerships,
leading to non-oil trade exceeding AED1.3 trillion ($353.93 billion) in the first half of 2024,
accounting for 134 percent of the country’s GDP.

https://www.agbi.com/trade/2025/01/global-trade-will-grow-in-2025-despite-tariff-threats-says-
uae-minister/