Page 246 - MOE ENGLISH PR REPORT - MAY 2025 (Part 1)_Neat

5/30/25, 4:38 PM Non-oil trade between UAE and EU reached $67.6 billion in 2024
During the investment roundtable, representatives from the UAE and the European private sectors,
engaged in discussions to identify mutual investment opportunities that can drive innovation and
sustainable economic development. FDI flows between the UAE and EU are strong and robust, with
recent partnerships in data centers in Italy, solar plants in Spain, and neighbourhood redevelopment
in Budapest. A UAE-EU CEPA has the potential to unlock further opportunities, including a $50 billion
AI data centre deal with France and a $40 billion commitment in Italy’s energy and defense sectors.

The CEPA programme is a key pillar of the UAE’s foreign trade agenda, reflecting the nation’s
commitment to open, rules-based trade to drive economic growth and diversify its economy. By
enhancing access to global markets and establishing stronger trade and investment flows with
partners around the world, the CEPA programme has contributed to a record non-oil trade of $816
billion in 2024, marking a 14.6 per cent increase over 2023.

Meanwhile Dubai Chambers explored prospects for enhancing trade and investment cooperation
between Dubai and European Union countries on Wednesday during a roundtable with a high-level

delegation led by Maroš Šefčovič, European Commissioner for Trade and Economic Security.

The roundtable was attended by Sultan Bin Saeed Al Mansoori, Chairman of Dubai Chambers; Dr.
Thani Bin Ahmed Al-Zeyoudi, Minister of State for Foreign Trade; Lucie Berger, Ambassador of the

European Union to the United Arab Emirates; Mohammad Ali Rashed Lootah, President and CEO of
Dubai Chambers; and Leon Delvaux, Director at the Directorate-General for Trade and Economic
Security, together with representatives from Dubai and the European private sectors.

Dr. Thani Al Zeyoudi commented, “The European Union is one of the main pillars of the global
economy and our second-most important trade partner. As we accelerate efforts to bring our markets
closer together, it is important we build the platforms for our private sectors to identify and explore
areas for collaboration, particularly in sectors that align with our economic diversification objectives.
The EU-UAE Investment Roundtable is an important opportunity for business leaders from across all
industries to build the relationships that can drive trade and investment to even greater heights.”

Sultan Bin Saeed Al Mansoori stated, “Dubai and the European Union share deep-rooted economic
ties built on common interests, mutual aspirations, and a joint commitment to developing a diversified
and sustainable economy. Today’s roundtable is designed to advance collaboration in high-potential
sectors and identify new avenues for growth. We are committed to supporting European companies
and enabling them to expand and thrive while leveraging Dubai as a strategic hub to access new

opportunities across local and regional markets.”

WAM

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